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additional OW DECEMBER 2007 recommendations 12-2-07

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We are adding the following put writes to our DECEMBER recommended list

We are recommending put writes in the following issues:

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.

EGLE - Eagle Bulk Shipping is the largest U.S. based owner of Handymax dry bulk vessels. Handymax dry bulk vessels range in size from 35,000 to 60,000 deadweight tons, or dwt, and transport a broad range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes.

THOR - Thoratec Corp develops, manufactures and markets proprietary medical devices used for circulatory support, vascular graft, blood coagulation and skin incision applications. They currently market the Thoratec Ventricular Assist Device System (called Thoratec VAD System or VAD System) and the HeartMate Left Ventricular Assist System (called HeartMate LVAS) in the United States and internationally for use as a bridge to heart transplant. They have also developed small diameter vascular grafts for use in hemodialysis access and coronary artery bypass surgery.

XMSR - XM Satellite Radio Holdings Inc. is developing a new band of radio. The system will use direct satellite-to-receiver broadcasting technology to provide listeners with crystal-clear sound seamlessly from coast to coast. XM will offer a broad selection of listening choices created by its XM Originals programming unit and by premier content providers, including USA TODAY, BBC World Service, Black Entertainment Television, Bloomberg Radio, C-SPAN Radio, CNN/Financial Network, CNN/Sports Illustrated, The Weather Channel, One-On-One Sports and many others.


We are recommending the following specific put writes:

CALM 24.63
SELL DEC 20 PUT = QKM-XD
Target Price $25.00
Potential Profit(10 x = $250.00
Initial Margin $5,176 10 (contracts)
Return on Investment 4.83%
Cost Basis in Stock = $19.75
Days to Expiration = 18
Stock goes on Watch List Price at: $22.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $20.00

THOR $19.59
SELL DEC 15.00 PUT = TQU-XC
Target Price $25.00
Potential Profit(10 x = $250.00

Initial Margin $4,168 10 (contracts)
Return on Investment 6.00%
Cost Basis in Stock = $14.75
Days to Expiration = 18
Stock goes on Watch List Price at: $17.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $15.00

SOLF $16.35
SELL DEC 12.50 PUT = QFG-XV
Target Price $25.00
Potential Profit(10 x = $250.00
Initial Margin $3,520 10 (contracts)
Return on Investment 7.10%
Cost Basis in Stock = $12.25
Days to Expiration = 18
Stock goes on Watch List Price at: $14.50
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $12.50


XMSR $15.60
SELL DEC 10 PUT = QSY-XB
Target Price $30.00
Potential Profit(10 x = $300.00
Initial Margin $3,420 10 (contracts)
Return on Investment 8.77%
Cost Basis in Stock = $9.70
Days to Expiration = 18
Stock goes on Watch List Price at: $12.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $10.00



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