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Additional recommendations for Option Writer July 2007 7-1-07

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We are recommending the following three positions to our JULY 2007 recommended list.

We are recommending put writes in the following issues.


SNCR - Synchronoss Technologies, Inc. provides multi-channel transaction management solutions to the communications services and digital content marketplaces primarily in North America. It offers ActivationNow software platform is a hosted service delivered over the Internet or a dedicated communication channel, which provides multi-channel order processing, transaction management, and service provisioning

AMSC - American Superconductor is a world leader in developing and manufacturing products using superconducting materials and power electronic devices for electric power applications. Superconducting materials are perfect conductors of electricity when they are cooled below a critical temperature.

NVTL - NAVTEQ provides comprehensive digital map information for automotive navigation systems, mobile navigation devices and Internet-based mapping applications. NAVTEQ creates the digital maps and map content that power navigation and location-based services solutions around the world.

We are recommending the following specific put writes.

SNCR 29.34
SELL JUL 25 PUT = QQR-SE
Target Price $30.00
Potential Profit(10 x = $300.00

Initial Margin $6,168 10 (contracts)
Return on Investment 4.86%
Cost Basis in Stock = $24.70
Days to Expiration = 19
Stock goes on Watch List Price at: $27.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $25.00

AMSC $19.31
SELL JUL 17.50 PUT =
QAY-SW
Target Price $25.00
Potential Profit(10 x = $250.00

Initial Margin $4,112 10 (contracts)
Return on Investment 6.08%
Cost Basis in Stock = $17.25
Days to Expiration = 19
Stock goes on Watch List Price at: $18.50
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $17.50

NVTL $26.02
SELL JUL 25.00 PUT = NVU-SE
Target Price $45.00
Potential Profit(10 x = $450.00
Initial Margin $5,654 10 (contracts)
Return on Investment 7.96%
Cost Basis in Stock = $24.55
Days to Expiration = 19
Stock goes on Watch List Price at: $25.80
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $25.00

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