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Initial JUNE 2007 Option Writer recommendations 5-13-07

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We are recommending the following put writes to start out our JUNE recommended list

We are recommending put writes in the following issues.


MEDX - Medarex Inc. is a biopharmaceutical company developing monoclonal antibody-based therapeutics to fight cancer and other life-threatening and debilitating diseases. The company has developed a broad platform of patented technologies for antibody discovery and development, including the HuMAb-Mouse system for the creation of high-affinity human antibodies

REGN - Regeneron Pharmaceuticals Inc. is a biopharmaceutical company that discovers, develops, and intends to commercialize therapeutic drugs for the treatment of serious medical conditions. Regeneron's platform technologies include Targeted GenomicsTM, FunctionomicsTM, and Designer Protein TherapeuticsTM.

LIFC - LifeCell Corporation develops and markets biologic products for the repair or replacement of damaged or inadequate tissues. The company's core preservation technology produces an acellular tissue matrix, which retains the essential biochemical and structural components necessary for normal tissue regeneration.

ONXX - Onyx Pharmaceuticals, Inc is developing innovative products for the treatment of cancer.


We are recommending the following specific put writes


MEDX 14.23
SELL JUNE 12.5 PUT = MWM-RV
Target Price $30.00
Potential Profit(10 x = $300.00

Initial Margin $3,146 10 (contracts)
Return on Investment 9.54%
Cost Basis in Stock = $12.20
Days to Expiration = 32
Stock goes on Watch List Price at: $13.50
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $12.50

REGN $28.35
SELL JUNE 25.00 PUT =
RQP-RE
Target Price $65.00
Potential Profit(10 x = $650.00
Initial Margin $6,320 10 (contracts)
Return on Investment 10.28%
Cost Basis in Stock = $24.35
Days to Expiration = 32
Stock goes on Watch List Price at: $27.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $25.00


LIFC $29.13
SELL JUNE 27.50 PUT = QKL-RY
Target Price $75.00
Potential Profit(10 x = $750.00
Initial Margin $6,576 10 (contracts)
Return on Investment 11.41%
Cost Basis in Stock = $26.75
Days to Expiration = 32
Stock goes on Watch List Price at: $28.50
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $27.50

ONXX $29.86
SELL JUNE 25 PUT = OIQ-RE
Target Price $85.00
Potential Profit(10 x = $850.00
Initial Margin $6,822 10 (contracts)
Return on Investment 12.46%
Cost Basis in Stock = $24.15
Days to Expiration = 32
Stock goes on Watch List Price at: $27.50
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $25.00



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