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Addition OW January Recommendations 12-19-06

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We are recommending the following five (5) put writes to add to our JANUARY RECOMMENDED LIST

We are recommending put writes in the following issues:

PQ - PetroQuest Energy, Inc., an independent oil and gas company, engages in the exploration, development, acquisition, and operation of oil and gas properties in Gulf Coast Basin, Texas, and Oklahoma.

GT - The Goodyear Tire & Rubber Company engages in the development, manufacture, distribution, and sale of tires and related products, and services worldwide.

PETS - PetMed Express, Inc., doing business as 1-800-PetMeds, delivers prescription and non prescription pet medications and other health products for dogs, cats, and horses in the United States.

IOC - InterOil Corporation, through its subsidiaries, develops a vertically-integrated energy company in Papua New Guinea. InterOil conducts its operations through three segments: Exploration and Production, Refining and Marketing, and Wholesale and Retail Distribution

TRMP - Trump Entertainment Resorts, Inc., through its subsidiaries, engages in the ownership and operation of casino hotel properties in the United States. It offers gaming activities, casino, and entertainment services. As of March 31, the company operated Trump Taj Mahal Casino Resort, Trump Plaza Hotel and Casino, and Trump Marina Hotel Casino in New Jersey.

We are recommending the following specific put writes:

PQ 13.35
SELL 266 12.5 PUT = PQ-MV
Target Price $20.00
Potential Profit(10 x = $200.00

Initial Margin $2,870 10 (contracts)
Return on Investment 6.97%
Cost Basis in Stock = $12.30
Days to Expiration = 31
Stock goes on Watch List Price at: $13.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $12.50

GT $18.85
SELL 266 17.50 PUT = GT-MW
Target Price $30.00
Potential Profit(10 x = $300.00
Initial Margin $4,070 10 (contracts)
Return on Investment 7.37%
Cost Basis in Stock = $17.20
Days to Expiration = 31
Stock goes on Watch List Price at: $18.25
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $17.50

PETS 13.1
SELL JAN 12.5 PUT =
TRQ-MV
Target Price $20.00
Potential Profit(10 x = $200.00

Initial Margin $2,820 10 (contracts)
Return on Investment 7.09%
Cost Basis in Stock = $12.30
Days to Expiration = 31
Stock goes on Watch List Price at: $12.75
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $12.50


IOC $27.20
SELL JAN 20.00 PUT = IOC-MD
Target Price $30.00
Potential Profit(10 x = $300.00
Initial Margin $5,740 10 (contracts)
Return on Investment 5.23%
Cost Basis in Stock = $19.70
Days to Expiration = 31
Stock goes on Watch List Price at: $24.50
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $20.00


TRMP $22.80
SELL 266 20 PUT = PMQ-MD
Target Price $55.00
Potential Profit(10 x = $550.00

Initial Margin $5,110 10 (contracts)
Return on Investment 10.76%
Cost Basis in Stock = $19.45
Days to Expiration = 31
Stock goes on Watch List Price at: $21.50
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $20.00


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