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Option Writer additional November Positions 11-08-06

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We are recommending the following two put writes for our November Positions

We are recommending put writes on the following issues:


SIGM - Sigma Designs, Inc designs, manufactures (using subcontractors) and markets multimedia products for use with personal computers. Through their REALmagic product line incorporating Moving Picture Experts Group (MPEG) technology, they has become a leader in this emerging market.

HMY - Harmony Gold Mining Company Ltd. is a mining company which produces gold from its operations in the distrcit of Virginia, Orange Free State.

We are recommending the following specific put writes:


SELL SIGM NOV SYM: MQN-WD
Target Price $20.00 20 Put
Potential Profit(10 x = $250.00
Initial Margin $4,442 10 (contracts)
Return on Investment 4.50%
Cost Basis in Stock = $19.75
Days to Expiration = 10

SELL HMY NOV SYM: HMY-WC
Target Price $25.00 15 Put
Potential Profit(10 x = $250.00

Initial Margin $3,384 10 (contracts)
Return on Investment 7.39%
Cost Basis in Stock = $14.75
Days to Expiration = 10

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