We are adding the following credit spreads to our recommended list.

I am starting to dislike strike price differences of 5 or more. but I promised a couple of plays this weekend and they happen to be more than 5 strike points apart, as premiums are starting to shrink as the VIX volatility index has been pointing during the last month or so. Anyway here we go.

We are adding credit spreads in the following issues.

RIMM - Research In Motion Limited designs, manufactures, and markets wireless solutions for the worldwide mobile communications market. The company, through the development of integrated hardware, software, and services that support multiple wireless network standards, provides platforms and solutions for seamless access to time-sensitive information, including email, phone, short messaging service, Internet, and intranet-based applications. Its products and services principally include the BlackBerry wireless platform, the RIM Wireless Handheld product line, software development tools, and other software and hardware. The companyÂ’s BlackBerry smartphones use wireless, push-based technology that delivers data to mobile usersÂ’ business and consumer applications. Its BlackBerry smartphone portfolio includes BlackBerry bold series, BlackBerry storm series, BlackBerry tour, BlackBerry curve series, and the BlackBerry pearl series.

AIG - American International Group, Inc., through its subsidiaries, provides insurance and related services in the United States and internationally. It operates in four segments: General Insurance, Domestic Life Insurance and Retirement Services, Foreign Life Insurance and Retirement Services, and Financial Services. The General Insurance segment provides property and casualty insurance, as well as various personal lines. The Domestic Life Insurance and Retirement Services segment offers life insurance products that include a range of protection products comprising individual term and universal life insurance, and group life and health products; payout annuities that consist of single premium immediate annuities, structured settlements, and terminal funding annuities; and group retirement products, and individual fixed and variable annuities.

Call credit spreads = Bearish call spreads.

We are recommending the following specific credit spreads.