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JANUARY 2007 Option Writer recommendations

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We are recommending the following five (5) put writes to start our JANUARY RECOMMENDED list

We are recommending put writes on the following issues:

MR - Mindray Medical International Limited engages in the development, manufacture, and marketing of medical devices in China. It offers approximately 40 products through its three segments: Patient Monitoring Devices, Diagnostic Laboratory Instruments, and Ultrasound Imaging Systems.

GRS - Gammon Lake Resources Inc. is a Nova Scotia based mineral exploration Company with properties in Mexico.

NRMX - Neurochem, Inc., a biopharmaceutical company, engages in the development and commercialization of therapeutics primarily for neurological diseases. Its products include Eprodisate (Fibrillex), a Phase II/III clinical trial completed product, which would be used for the treatment of amyloid a amyloidosis; Tramiprosate (Alzhemed), a Phase III clinical trial product, for the treatment of Alzheimer's disease; and Tramiprosate (Cerebril), a Phase IIa clinical trial completed product for the treatment of hemorrhagic stroke.

IIG - Imergent, Inc. is an eCommerce application service provider that enables companies of any size to extend their business to eCommerce.

AD - ADVO, Inc. is a direct mail marketing firm primarily engaged in soliciting and processing printed advertising from retailers, manufacturers and service companies for targeted distribution by both shared and solo mail to consumer households in the United States on a national, regional and local basis. The company currently is one of the largest commercial users of standard mail in the United States.

We are recommending the following specific put writes:

MR $25.57
SELL JAN 22.5 PUT = MR-MX
Target Price $50.00
Potential Profit(10 x = $500.00

Initial Margin $5,614 10 (contracts)
Return on Investment 8.91%
Cost Basis in Stock = $22.00
Days to Expiration = 34
Stock goes on Watch List Price at: $24.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $22.50


GRS $17.00
SELL JAN 15 PUT = GRS-MC
Target Price $40.00
Potential Profit(10 x = $400.00

Initial Margin $3,800 10 (contracts)
Return on Investment 10.53%
Cost Basis in Stock = $14.60
Days to Expiration = 34
Stock goes on Watch List Price at: $16.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $15.00


NRMX $24.83
SELL JAN 20.00 PUT = KQM-MD
Target Price $60.00
Potential Profit(10 x = $600.00
Initial Margin $5,566 10 (contracts)
Return on Investment 10.78%
Cost Basis in Stock = $19.40
Days to Expiration = 34
Stock goes on Watch List Price at: $22.50
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $20.00

IIG $26.86
SELL JAN 22.5 PUT = IIG-MX
Target Price $70.00
Potential Profit(10 x = $700.00
Initial Margin $6,072 10 (contracts)
Return on Investment 11.53%
Cost Basis in Stock = $21.80
Days to Expiration = 34
Stock goes on Watch List Price at: $24.50
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $22.50

AD 31.77
SELL JAN 25 PUT = AD-ME
Target Price $80.00
Potential Profit(10 x = $800.00
Initial Margin $7,154 10 (contracts)
Return on Investment 11.18%
Cost Basis in Stock = $24.20
Days to Expiration = 34
Stock goes on Watch List Price at: $28.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $25.00

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