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.
VVUS - VIVUS, Inc., a biopharmaceutical company, engages in developing and commercializing therapies to address unmet needs in obesity, sleep apnea, diabetes, and sexual health. The company offers Qsymia, a drug for the treatment of obesity as an adjunct to a reduced-calorie diet and increased physical activity for chronic weight management in adult patients with an initial body mass index of 30 or greater, or 27 or greater in the presence of at least one weight-related comorbidity, such as hypertension, type 2 diabetes mellitus, or high cholesterol; and STENDRA for the treatment of erectile dysfunction. It also completed Phase II clinical studies of Qsymia for the treatment of obstructive sleep apnea; and Qsymia for the treatment of type 2 diabetes. The company has an agreement with Mitsubishi Tanabe Pharma Corporation for the development and commercialization of avanafil, a PDE5 inhibitor compound for the oral and local treatment of male and female sexual dysfunction. VIVUS, Inc. was founded in 1991 and is headquartered in Mountain View, California.
JNPR - Juniper Networks, Inc. designs, develops, and sells products and services that provide network infrastructure for networking requirements of service providers, enterprises, governments, and research and public sector organizations worldwide. The company operates in two segments, Platform Systems Division and Software Solutions Division. The Platform Systems Division segment primarily provides scalable routing and switching products that are used to control and direct network traffic. It offers ACX, E, M, MX, PTX, and T series routing products and services; switching products and services for EX series, wireless local area network solutions, and QFabric systems; branch SRX, branch firewall, and J series security/other products and services; and Junos Space, a network application platform. The Software Solutions Division segment offers software solutions focused on network security and network services applications. Its products include SRX series services gateways for data centers; SSG, ISG,
and NetScreen series firewall and VPN systems and appliances; Junos Pulse, Junos Pulse mobile security suite, and SA series secure access appliances; routing services software and mobile applications, such as MobileNext. The company sells its products and service through direct sales, as well as through distributors, value-added resellers, and original equipment manufacturer partners.
IBN - ICICI Bank Limited and its subsidiaries provide banking and financial services to corporate and retail customers with operations in 19 countries, including India. It offers commercial banking, retail banking, project and corporate finance, working capital finance, insurance, venture capital and private equity, investment banking, broking, and treasury products and services. The company provides current and savings accounts, fixed and recurring deposits, and salary accounts; credit and debit, prepaid, and corporate cards; and home, commercial vehicle, personal, car, and construction equipment loans, as well as loans against securities. It also offers life, travel, health, car, two wheeler, home, medical, motor, and general insurance products; demat accounts; and tax saving bonds, government of India bonds, initial public offerings, foreign exchange services, and senior citizens savings schemes, as well as gold for investment. In addition, the company provides wealth management products and services, including funds and investments, such as mutual funds, portfolio management services, and alternative investments; risk protection products; and investment advisory services. Further, it offers real estate services related to residential real estate, commercial real estate, joint venture structuring, and funding; direct equity; venture funds; real estate funds; cash management and global trade services; mergers and acquisitions advisory and loan syndication services; services to the financial institutions; capital market and custodial services; and project finance products. Additionally, the company provides business loans and vendor/dealer finance; transaction banking, trade, and private equity placement services; NRI, international, rural and agricultural, Internet, mobile, and phone banking services.
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.
CTRX - Catamaran Corporation provides pharmacy benefit management (PBM) services and healthcare information technology (HCIT) solutions to the healthcare benefits management industry in North America. The company operates in two segments: PBM and HCIT. Its PBM services include electronic point-of-sale pharmacy claims management, retail pharmacy network management, mail and specialty pharmacy claims management, Medicare Part D services, benefit design consultation, preferred drug management programs, drug review and analysis, consulting services, data access, and reporting and information analysis. The company offers RxCLAIM, an online transaction processing system to provide online adjudication of third-party prescription drug claims at the point of service, as well as payment and billing support and real-time functionality for updating benefit, price, member, provider, and drug details. It also provides RxBUILDER, a Web-based interface for formulary creation and maintenance; RxPORTAL, which allows customers to interact with the patientÂ’s formulary and drug history; and RxAUTH, a prior authorization (PA) management solution for automating PA process. In addition, the company offers RxMAX, a rebate management system designed to assist health plans in managing their relationships with pharmaceutical manufacturers; Zynchros, which provides a suite of formulary management tools; and RxTRACK, a data warehouse and analysis system. It serves various organizations in the pharmaceutical supply chain, such as pharmacy benefit managers, managed care organizations, retail pharmacy chains, self-insured employer groups, unions, third party health care plan administrators, and state and federal government entities. The company was formerly known as SXC Health Solutions Corp.
RAX - Rackspace Hosting, Inc., through its subsidiaries, provides cloud computing services, managing Web-based IT systems for small and medium-sized businesses, and large enterprises worldwide. Its service offering combines hosting on dedicated hardware and on multi-tenant pools of virtualized hardware in a way that suits each customerÂ’s requirements. The companyÂ’s public cloud services refer to pooled computing resources delivered on-demand over the Internet. It offers cloud servers for computing; cloud sites for Website hosting; cloud block storage and cloud files for storage; cloud databases for hosting; cloud backup for file protection; cloud load balancers for traffic management; cloud monitoring for infrastructure control; cloud DNS for domain management; cloud networks for security enhancement; and cloud applications, including email, collaboration, and file back-ups. Rackspace HostingÂ’s dedicated cloud services comprise customer management portal and other management tools for managing the data center, network, hardware devices, and operating system software; and private cloud services include a pool of computing resources for a particular customer. It also provides hybrid hosting, which enables customers to employ a combination of dedicated and pooled resources and to manage them through its RackConnect service.
We are recommending the following specific credit spreads.
Call credit spreads = bearish Call spreads.
We will be issuing a list of supplemental plays on Sunday around mid day.