We are recommending the following credit spreads to the MARCH expiration cycle.
We are recommending credit spreads for our Portfolio #1 in
the following issues.
YZC - Yanzhou Coal Mining Company Limited, together with its subsidiaries, engages in the mining, preparation, and sale of coal in China, Japan, South Korea, and Australia. The company mines, washes, processes, and sells thermal coal for the electricity power sector; and processed metallurgical coal and PCI for the metallurgical sector. It operates six coal mines, including the Xinglongzhuang, Baodian, Nantun, Dongtan, Jining II, and Jining III. The company also engages in the production and sale of methanol, electricity, and related heat supply services, as well as provides railway transportation services. In addition, it is involved in the production and sale of acetic acid; thermoelectricity investment; sale of mining machinery and equipment, and electronic products; development of coal technology; production and sale of other mining products; thermal power generation by coal slurry and gangue; provision of cargo transportation services along the Yangtze river; and industrial gas production and supply. Further, the company invests in mining and chemicals, public, water and electricity supply, and waste water treatment projects; explores, develops, mines, and sells mineral resources; sells construction materials; and trading and processing of mining machinery and engine products. Yanzhou Coal Mining Company Limited offers its products to electricity, metallurgy, and chemical industries.
STZ - Constellation Brands, Inc. produces and markets beverage alcohol in the United States and internationally. The companyÂ’s Constellation Wines North America segment produces, markets, and exports wine, as well as sells various wine brands across various categories, including table wine, sparkling wine, and dessert wine. It offers wine under the Robert Mondavi Brands, Clos du Bois, Blackstone, Estancia, Arbor Mist, Toasted Head, Simi, Black Box, Ravenswood, Rex Goliath, Kim Crawford, Franciscan Estate, Wild Horse, Ruffino, Nobilo, Mount Veeder, Inniskillin, and Jackson-Triggs brands; and spirits under the SVEDKA Vodka, Black Velvet Canadian Whisky, and Paul Masson Grande Amber Brandy brands. This segment also produces and markets wine kits and beverage alcohol refreshment drinks; and bulk wine and other related products and services. Constellation Brands, Inc.Â’s Crown Imports segment imports, markets, and sells beer primarily under the Modelo Brands that comprise Corona Extra, Corona Light, Coronita, Modelo Especial, Pacifico, Negra Modelo, and Victoria brands. The company sells its products through wholesale distributors, state and provincial alcoholic beverage control agencies, and importers, as well as directly to retailers and on-premise locations. Constellation Brands, Inc. was founded in 1945 and is headquartered in Victor, New York.
IIVI - II-VI Incorporated develops, refines, manufactures, and markets engineered materials and opto-electronic components and products worldwide. The company provides various precision infrared optical components, such as lenses, output couplers, windows, and mirrors for use in CO2 lasers; and one-micron laser components, including modular laser processing heads for fiber lasers, YAG lasers, and other one-micron laser systems, as well as fiber optic cables and modular beam systems. It offers near-infrared optics comprising waveplates, polarizers, lenses, prisms, and mirrors for visible and near-infrared applications; coated windows, which are used as debris shields in the industrial and medical laser aftermarkets; fiber and micro optics, optical components, and photonic crystal parts for optical communications; optical and photonic crystal parts for instrumentation and laser applications; diode pumped solid-state laser devices for optical instruments, display, and biotechnology; and components for UV filters used in early warning missile detection. In addition, it provides military infrared optics, including missile domes, electro-optical windows and subassemblies, imaging lenses, and other components; and visible and crystalline materials, such as calcium fluoride, barium fluoride, and fused silica. Further, the company offers material processing and refinement products, including selenium and tellurium metals, chemicals, and rare earth materials; thermoelectric modules (TEMs) comprising single-stage TEMs, micro TEMs, multi-stage TEMs, planar multi-stage TEMs, extended life thermocyclers, thermoelectric thermal reference sources, power generators, and thermoelectric assemblies; and silicon carbide products consisting of 6H-SiC semi-insulating and 4H-SiC semi-conducting poly-types. The company markets its products through a direct sales force, and representatives and distributors. II-VI Incorporated was founded in 1971 and is headquartered in Saxonburg, Pennsylvania.
VPRT - Vistaprint N.V. operates as an online provider of coordinated portfolios of marketing products and services to micro businesses worldwide. The company offers a spectrum of products and services for the business and home, and family markets that include paper based products, such as brochures, business cards, data sheets, desk and wall calendars, envelopes, flyers, folded cards, holiday cards, invitations and announcements, letterhead, mailing labels, note cards and note pads, personalized notebooks, personalized stickers, photo books, presentation folders, return address labels, standard and oversized postcards, and sticky notes. It also provides non-paper based products comprising banners, bottle openers, calculators, car door magnets, decals, drink koozies, embroidered apparel, hats, key chains, lawn signs, letter openers, luggage tags, magnetic clips, mouse pads, mugs, printed and engraved pens, refrigerator magnets, rubber stamps, rulers, stress cubes, t-shirts, tape measures, tote bags, and USB flash drives. In addition, the company offers digital and marketing services, including blogs, custom Facebook pages, design tools and content, email marketing services, logos, mailing services, online CRM tools, online search profiles, personalized email domains, search engine optimization, and Website design and hosting services. Vistaprint N.V. is based in Venlo, the Netherlands.
We are recommending the following specific credit spreads.
Call credit spreads = bearish call spreads.
We are recommending credit spreads for our Portfolio #2 in the following issues.
SWI - SolarWinds, Inc. designs, develops, markets, sells, and supports enterprise information technology (IT) infrastructure management software for IT professionals in various organizations in the United States and internationally. The company offers enterprise-class IT management products, including Network Performance Monitor, a server-based fault and performance management platform to minimize network downtime; Network Performance Monitor modules, a series of add-ons; network configuration manager to automate the processes of network device discovery, network inventory management, and network change management; user device tracker, a server-based switch port management tool; scalability engines to increase the scale of a number of the products; and enterprise operations console to provide web-based views of various instances of Network Performance Monitor modules and Application Performance Monitor. Its enterprise-class network and IT management products also comprise Application Performance Monitor, a server-based availability and performance management system for applications and server infrastructure; patch manager to automate the process of deploying, managing, and reporting on patches and configuration settings; and synthetic end user monitor to capture the user steps of any web application and monitor the end-user experience; storage manager that combines reporting, monitoring, and notification on the performance of storage resources; backup profiler to provide a consolidated view of the status of backup operations; virtualization manager to manage various aspects of virtual server infrastructure; and log and event manager to automate the collection and interpretation of logs.
LULU - Lululemon athletica inc., together with its subsidiaries, designs, manufactures, and distributes athletic apparel for women, men, and female youth. The companyÂ’s line of apparel and accessories include fitness pants, shorts, tops, and jackets for healthy lifestyle activities, such as yoga, running, and general fitness. Its fitness-related accessories comprise bags, socks, underwear, yoga mats, instructional yoga DVDs, and water bottles. The company sells its products through a chain of corporate-owned and franchise stores; direct to consumer through e-commerce; and a network of wholesale channel, such as yoga studios, health clubs, and fitness centers. As of January 29, 2012, it had 47 stores in Canada, 108 stores in the United States, 18 stores in Australia, and 1 store in New Zealand under the lululemon athletica and ivivva athletica brand names. lululemon athletica inc. was founded in 1998 and is based in Vancouver, Canada.
YUM - YUM Brands, Inc., together with its subsidiaries, operates quick service restaurants in the United States and internationally. The company develops, operates, franchises, and licenses a system of restaurants, which prepare, package, and sell various food items, as well as operates Chinese casual dining concept restaurants. Its restaurants specialize in chicken, pizza, and Mexican-style food categories. As of November 29, 2012, the company operated 38,000 restaurants in 120 countries and territories under the KFC, Pizza Hut, and Taco Bell brands. It also operates approximately 450 casual dining concept restaurants in China. The company was formerly known as TRICON Global Restaurants, Inc. and changed its name to YUM! Brands, Inc. in May 2002. YUM! Brands, Inc. was founded in 1997 and is headquartered in Louisville, Kentucky.
We are recommending the following specific credit spreads.
Call credit spreads = bearish Call spreads.
MCM FEBRUARY PORTFOLIO ACTION FOR TOMORROW.
PORTFOLIO #2 ACTION FOR FRIDAY.
We are closing out the RRC FEB 67/70 Call spread tomorrow for NET DEBIT $1.95.
The BID/ASK is %1.70 - $2.15.
As usual, we are looking to split the bid/ask price for execution.
However, no matter what we are closing the RRC call spread tomorrow.