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OPTION WRITER INITIAL AUGUST 2007 RECOMMENDATIONS 7-14-07

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Here are the initial August Option writer recommendations.

Considering all the volatility in the market lately, I think we will try and fly
a little under the radar this month.

We are recommending put writes on the following issues:


RZ - Raser Technologies is an R&D company that develops and licenses advanced electric motor and controller technology to improve operational performance of electric motors and controllers. Its new proprietary technology called Symetron has the potential to improve performance in an array of commercial, military, industrial and aerospace applications

OVTI - OmniVision Technologies, Inc. designs, develops and markets high performance, high quality and cost efficient semiconductor imaging devices for computing, communications and consumer electronics applications.

MU - Micron Technology, Inc. has established itself as one of the leading worldwide providers of semiconductor memory solutions. The company's quality memory solutions serve customers in a variety of industries including computer and computer-peripheral manufacturing, consumer electronics, CAD/CAM,

COCO - Corinthian Colleges, Inc. is one of the largest post-secondary education companies in North America, operating colleges in states in the U.S. and seven provinces in Canada. The Company's mission is to help students prepare for careers that are in demand or to advance in their chosen career. Corinthian offers diploma programs and associate's, bachelor's and master's degrees in a variety of fields, concentrating on careers in health care, business, criminal justice, transportation maintenance, trades and technology.

We are recommending the following specific put writes:

RZ 9.98
SELL AUG 7.5 PUT = RZ-TU
Target Price $30.00
Potential Profit(10 x = $300.00

Initial Margin $2,296 10 (contracts)
Return on Investment 13.07%
Cost Basis in Stock = $7.20
Days to Expiration = 32
Stock goes on Watch List Price at: $8.75
STOP EXIT STRATEGY
Close option position if stock closes under $7.50


OVTI $19.01
SELL AUG 17.50 PUT =
UCM-TW
Target Price $45.00
Potential Profit(10 x = $450.00
Initial Margin $4,252 10 (contracts)
Return on Investment 10.58%
Cost Basis in Stock = $17.05
Days to Expiration = 32
Stock goes on Watch List Price at: $18.25
STOP EXIT STRATEGY
Close option position if stock CLOSES under $17.50

MU $13.74
SELL AUG 13.00 PUT = MU-TO
Target Price $20.00
Potential Profit(10 x = $200.00
Initial Margin $2,948 10 (contracts)
Return on Investment 6.78%
Cost Basis in Stock = $12.80
Days to Expiration = 32
Stock goes on Watch List Price at: $13.25
STOP EXIT STRATEGY
Close option position if Stock CLOSES under $13.00


COCO $16.16
SELL AUG 15 PUT = UCS-TC
Target Price $25.00
Potential Profit(10 x = $250.00
Initial Margin $3,482 10 (contracts)
Return on Investment 7.18%
Cost Basis in Stock = $14.75
Days to Expiration = 32
Stock goes on Watch List Price at: $15.50
STOP EXIT STRATEGY
Close option position if Stock CLOSES under $15.00


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