We are adding the following issues to our February recommended list.
We are recommending credit spreads in the following issues.
WLP - WellPoint, Inc., through its subsidiaries, operates as a health benefits company in the United States. It offers various network-based managed care plans to large and small employer, individual, Medicaid, and senior markets. The companyÂ’s managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; traditional indemnity plans; and other hybrid plans, including consumer-driven health plans, hospital only, and limited benefit products. WellPoint also provides various managed care services comprising claims processing, underwriting, stop loss insurance, actuarial services, provider network access, medical cost management, disease management, wellness programs, and other administrative services. In addition, it offers specialty and other products and services, including pharmacy benefit management; specialty pharmacy; life and disability insurance benefits; dental, vision, and behavioral health benefits; radiology benefit management; analytics-driven personal health care guidance; and long-term care insurance and flexible spending accounts. Further, WellPoint serves as an intermediary providing administrative service for the Medicare program that offers coverage for persons, who are 65 or older and for persons who are disabled or with end-stage renal disease. As of December 31, 2009, the company served approximately 33.7 million medical members.
We are recommending the following specific credit spreads.
Put credit spreads = bullish put spreads.
In addition we are adding the following put credit spread recommendations
to several of our current positions.
We are adding the following put credit spread on CREE.
This spread , along with the existing CREE call spread will complete an iron
condor on the CREE position.
We are recommending the following specific credit spread in CREE.
In addition we are adding credit puts spreads on BJ and RIMM to
complete iron butterflies on these two positions.
We are recommending the following specific credit spreads on BJ and RIMM.
The CREE condor and the RIMM and BJ butterfy spreads should not require any addition margin requirements with the right brokers.
If the market overnight futures should show we are going to have a
severe gap down on the open, of course we would want to hold off on any of these
recommendations. But otherwise we are adding the aforementioned credit spreads.