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ADDITIONAL OW DECEMBER RECOMMENDATIONS 11-18-06

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We are recommending the following three (3) put writes to our DECEMBER RECOMMENDATED list

We are recommending put writes in the following issues:


ALNY - Alnylam Pharmaceuticals, Inc., a biopharmaceutical company, engages in the development of drugs that work through RNA interference system in the United States. Its principal drug candidate comprises ALN-RSV01, a phase I clinical stage product for the treatment of lung infections caused by respiratory syncytial virus.

IOC - Interoil Corp is a vertically integrated energy company whose primary focus is Papua New Guinea and the surrounding region. Its assets comprise an oil refinery, upstream petroleum exploration licenses, and retail and commercial distribution assets.

MNTA - Momenta Pharmaceuticals, Inc., a biotechnology company, engages in the sequencing and design of complex sugars for the development of improved versions of existing drugs. The company also engages in the development of novel drugs and the discovery of new biological processes. Its products include M-Enoxaparin, a technology-enabled generic version of Lovenox, which is used to prevent and treat deep vein thrombosis and acute coronary syndrome (ACS); M-Dalteparin, a technology-enabled generic version of LMWH Fragmin; and M118 an LMWH designed to provide flexible administration as baseline therapy for patients with ACS

We are recommending the following specific put writes:


ALNY 20.3
SELL DEC 17.5 PUT = AQX-XW
Target Price $40.00
Potential Profit(10 x = $400.00
Initial Margin $4,460 10 (contracts)
Return on Investment 8.97%
Cost Basis in Stock = $17.10
Days to Expiration = 26
Stock goes on Watch List Price at: $19.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $17.50

IOC $21.80
SELL DEC 17.50 PUT = IOC-XW
Target Price $45.00
Potential Profit(10 x = $450.00

Initial Margin $4,810 10 (contracts)
Return on Investment 9.36%
Cost Basis in Stock = $17.05
Days to Expiration = 26
Stock goes on Watch List Price at: $20.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $17.50

MNTA $17.66
SELL DEC 15.00 PUT = QMP-XC
Target Price $40.00
Potential Profit(10 x = $400.00

Initial Margin $3,932 10 (contracts)
Return on Investment 10.17%
Cost Basis in Stock = $14.60
Days to Expiration = 26
Stock goes on Watch List Price at: $16.50
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $15.00

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