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Initial Option Writer MARCH 2007 RECOMMENDATIONS 2-10-07

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We are starting off the March expiration cycle with these three (3) initial recommendations. We are looking for issues that will fly under the radar as market is
hovering around new highs and a pull back might soon be in the offering. We will enter MARCH very carefully.

We are recommending put writes on the following issues:

FRG - Fronteer Development Group Inc. is principally a company engaged in the acquisition and exploration of mineral properties. The Company began concentrating its efforts in the area of mineral exploration in June of 2001. Prior to that, it was involved in the development, building and marketing of residential real estate properties, concentrating in the Province of Ontario.

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

CALM - Cal-Maine Foods, Inc. is engaged in the production, cleaning, grading, and packaging of fresh shell eggs for sale to shell egg retailers. The company is the one of the largest producers and distributors of fresh shell eggs in the United States. The company markets its eggs primarily in the southwestern, southeastern, mid-western and mid-Atlantic regions of the United States.

We are recommending the following specific put writes

FRG 11.40
SELL MAR 10 PUT = FRG-OB
Target Price $20.00
Potential Profit(10 x = $200.00
Initial Margin $2,480 10 (contracts)
Return on Investment 8.06%
Cost Basis in Stock = $9.80
Days to Expiration = 34
Stock goes on Watch List Price at: $11.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $10.00


GRS $16.20
SELL MAR 15.00 PUT = GRS-OC
Target Price $40.00
Potential Profit(10 x = $400.00

Initial Margin $3,640 10 (contracts)
Return on Investment 10.99%
Cost Basis in Stock = $14.60
Days to Expiration = 34
Stock goes on Watch List Price at: $15.75
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $15.00


CALM $13.27
SELL MAR 12.50 PUT = QKM-OV
Target Price $40.00
Potential Profit(10 x = $400.00

Initial Margin $3,054 10 (contracts)
Return on Investment 13.10%
Cost Basis in Stock = $12.10
Days to Expiration = 34
Stock goes on Watch List Price at: $13.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $12.50

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