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Additional Option Writer JUNE 2007 recommendations 5-19-07

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We are adding the following three (3) put writes to our JUNE recommended list

We are recommending put writes in the following issues:

PRXI - Premier Exhibitions, Inc. is a major provider of museum quality touring exhibitions throughout the world. It is Premier Exhibitions, Inc., the parent company of RMS Titanic, Inc. has developed two new touring exhibitions called Bodies...The Exhibition and Bodies Revealed.

IOC - Interoil Corp is a vertically integrated energy company whose primary focus is Papua New Guinea and the surrounding region. Its assets comprise an oil refinery, upstream petroleum exploration licenses, and retail and commercial distribution assets.

ELN - Elan Corporation, plc is a leading worldwide specialty pharmaceutical company focused on the discovery, development and marketing of therapeutic products and services in neurology, acute care and pain management and on the development and commercialization of products using its extensive range of proprietary drug delivery technologies.

We are recommending the following specific put writes

PRXI 14.20
SELL JUN 12.5 PUT = NUI-RV
Target Price $20.00
Potential Profit(10 x = $200.00

Initial Margin $3,040 10 (contracts)
Return on Investment 6.58%
Cost Basis in Stock = $12.30
Days to Expiration = 28
Stock goes on Watch List Price at: $13.50
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $12.50


IOC $30.14
SELL JUN 20.00 PUT = IOC-RD
Target Price $40.00
Potential Profit(10 x = $400.00

Initial Margin $6,428 10 (contracts)
Return on Investment 6.22%
Cost Basis in Stock = $19.60
Days to Expiration = 28
Stock goes on Watch List Price at: $27.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $20.00


ELN $16.60
SELL JUN 15.00 PUT = ELN-RC
Target Price $35.00
Potential Profit(10 x = $350.00

Initial Margin $3,670 10 (contracts)
Return on Investment 9.54%
Cost Basis in Stock = $14.65
Days to Expiration = 28
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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