we are adding the following spreads to our February recommended list.

We are recommending credit spreads in the following issues.

MYL - Mylan Inc., together with its subsidiaries, engages in the development, manufacture, marketing, licensing, and distribution of generic and branded generic pharmaceuticals, specialty pharmaceuticals, and active pharmaceutical ingredients (APIs) worldwide. It operates in two segments, Generics and Specialty. The Generics segment primarily develops, manufactures, sells, and distributes generic or branded generic pharmaceutical products in tablet, capsule, and injectable or transdermal patch forms, as well as APIs. It also focuses on developing API with non-infringing processes to partner with generic manufacturers. This segment markets its products to proprietary and ethical pharmaceutical wholesalers and distributors, group purchasing organizations, drug store chains, independent pharmacies, drug manufacturers, institutions, and public and governmental agencies. The Specialty segment engages in the manufacture and sale of branded specialty injectable, nebulized, and transdermal products for life-threatening conditions. Its products include EpiPen Auto-Injector, which is used in the treatment of severe allergies; and Perforomist Inhalation Solution, a formoterol fumarate inhalation solution for the maintenance treatment of bronchoconstriction in chronic obstructive pulmonary disorder patients.

ABX - Barrick Gold Corporation engages in the production and sale of gold, as well as related activities, such as exploration and mine development. The company has a portfolio of 25 operating mines and a pipeline of projects located in North America, South America, the Australia Pacific region, and Africa. It also produces copper and holds interests in oil and gas properties located in Canada. The company was founded in 1983 and is based in Toronto, Canada.

FDX - FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates in four segments: FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services. The FedEx Express segment offers various shipping services for the delivery of packages and freight. This segment also provides international trade services specializing in customs brokerage, and ocean and air freight forwarding services; customs clearance services, as well as global trade data, an information tool that allows customers to track and manage imports; and international trade advisory services, including assistance with the customs-trade partnership against terrorism program, as well as publishes customs duty and tax information in various customs areas. In addition, it offers supply chain solutions, including critical inventory logistics, transportation management, and temperature-controlled transportation services. The FedEx Ground segment provides business and residential ground package delivery services. It primarily serves customers in the small-package market in North America.

We are recommending the following specific credit spreads.

Put credit spreads = bullish put spreads.

Additionally, We are also closing out our RIG Feb 45/47.5 call spread tomorrow.

We were going to close out this spread early next week, however the judge in the case of BP,the rig owner that blew out 200 million gallons in the Gulf of Mexico, has ruled that RIG is shielded from having to pay many of the pollution claims because of a contract with BP that protects RIG from those claims.

With that news RIG jumped in after hours market so we will need to close out the spread tomorrow.

I will be emailing exit prices after the opening tomorrow.

I am expecting a gap open to the upside so we need to see how this plays out during the day tomorrow. Anyway, we will exiting the RIG call spread tomorrow.

Be prepared to close out the spread tomorrow , you will get an email sometime during the market tomorrow with a indication of what the net debit should be to close the RIG call spread.