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ADDITIONAL FEBRUARY 2007 Recommendations 1-24-07

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We are recommending the following two (2) put writes to our FEBRUARY RECOMMENDED list.

We are recommending put writes on the following issues:

AKS - AK Steel produces flat-rolled carbon, stainless and electrical steel products, as well as carbon and stainless tubular steel products, for automotive, appliance, construction and manufacturing markets

NG - NovaGold exploration and development of high quality gold properties in North America. NovaGold is advancing four separate gold deposits in Alaska and Western Canada toward production, including two of the largest undeveloped gold deposits in North America.


We are recommending the following specific put writes:

AKS 19.19
SELL FEB 17.5 PUT = AKS-NW
Target Price $25.00
Potential Profit(10 x = $250.00

Initial Margin $4,088 10 (contracts)
Return on Investment 6.12%
Cost Basis in Stock = $17.25
Days to Expiration = 24
Stock goes on Watch List Price at: $18.25
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $17.50

NG $16.25
SELL FEB 15.00 PUT = NG-NC
Target Price $25.00
Potential Profit(10 x = $250.00

Initial Margin $3,500 10 (contracts)
Return on Investment 7.14%
Cost Basis in Stock = $14.75
Days to Expiration = 24
Stock goes on Watch List Price at: $15.75
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $15.00

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