We are recommending the following credit spreads to the MAY expiration cycle.
We are recommending credit spreads for our Portfolio #1 in
the following issues.
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.
BBRY - Research In Motion Limited, doing business as BlackBerry, engages in the design, manufacture, and marketing of wireless solutions worldwide. It provides platforms and solutions for access to email, voice, instant messaging, short message service, Internet and Intranet-based applications, and browsing through the development of integrated hardware, software, and services. The company?s technology also enables an array of third party developers and manufacturers to enhance their products and services through software development kits, wireless connectivity to data, and third-party support programs. Its products, services, and embedded technologies include the BlackBerry wireless solution, the BlackBerry Wireless Handheld product line, the BlackBerry PlayBook tablet, software development tools, and other software and hardware. The company also provides BlackBerry Enterprise Service 10, an enterprise mobility management solution for device management, and security and mobile applications management to BlackBerry smartphones, BlackBerry PlayBook tablets, and BlackBerry 10 smartphones. In addition, the company offers development platform that allow third party commercial and enterprise software developers to build and deploy custom applications to run on BlackBerry smartphones; products and technologies to third party developers, wireless carriers, and enterprise customers to develop, distribute, and manage these applications; and a range of software development tools.
POT - Potash Corporation of Saskatchewan Inc., together with its subsidiaries, produces and sells fertilizers and related industrial and feed products primarily in the United States and Canada. The company mines and produces potash, which is used as fertilizer. It also offers solid and liquid phosphate fertilizers; animal feed supplements; purified phosphoric acid, which is used in food products and industrial processes; hydrofluosilicic acid; and silicon tetrafluoride. In addition, the company produces nitrogen fertilizers and nitrogen feed, as well as industrial products, including ammonia, urea, nitrogen solutions, ammonium nitrate, and nitric acid. It holds the right to mine 773,812 acres of land in Saskatchewan; and 58,263 acres of land in New Brunswick in Canada. The company sells its fertilizers to retailers, dealers, cooperatives, distributors, and other fertilizer producers; industrial products primarily to chemical product manufacturers; and purified phosphoric acid directly to consumers of the product. Potash Corporation of Saskatchewan Inc. was founded in 1953 and is headquartered in Saskatoon, Canada.
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.
SAP - SAP AG provides enterprise application software and software-related services worldwide. It offers products in applications, analytics, cloud, mobile, and database and technology categories. The company?s enterprise applications include SAP Business Suite, a business process platform that includes software applications for ERP, customer relationship management, product lifecycle management, supplier relationship management, and supply chain management; SAP Rapid Deployment solutions that combine preconfigured software and predefined services with content, such as SAP best practices, templates, tools, and business user enablement; solutions for small businesses and midsize companies; and solutions for sustainability. Its analytics solutions comprise business intelligence, enterprise information management, enterprise performance management, and governance, risk, and compliance solutions. In addition, SAP AG provides mobile solutions, such as mobile apps for development, device management, and security, as well as cloud solutions, such as a platform-as-a-service designed to help customers, independent software vendors, and partners create software applications, and cloud-based applications with business-to-business commerce network.
AGU - Agrium Inc. engages in the retail of agricultural products and services. The company operates through three segments: Retail, Wholesale, and Advanced Technologies. The Retail segment supplies crop protection products, such as herbicide, fungicide, insecticide, and adjuvant products; crop nutrients, including dry and liquid nitrogen, phosphate, potash, sulfur, and micronutrients; seeds; and merchandise comprising fencing, feed supplements, livestock-related animal health products, irrigation equipment, and other products. It also provides product application, soil and leaf testing, crop scouting, seed treatment, livestock and wool marketing, insurance and real estate, tissue and soil sampling, and crop disease conditions and irrigation requirements monitoring services, as well as offers plant nutrient and precision agriculture software packages. This segment offers its products and services through 1,220 retail locations in the United States, Canada, Australia, Argentina, Chile, Brazil, and Uruguay. The Wholesale segment produces, markets, and distributes a range of nutrients, including nitrogen-based, potash, and phosphate-based crop nutrient products to agricultural and industrial customers primarily in the Americas and Europe.
SWI - SolarWinds, Inc. designs, develops, markets, sells, and supports enterprise-class information technology (IT) and infrastructure management software to IT professionals in various organizations worldwide. The company offers enterprise-class network management products, including SolarWinds Network Performance Monitor that monitors and analyzes network performance metrics for routers, switches, servers, and other simple network management protocol enabled devices; additional network management products for various network management issues; and SolarWinds Log and Event Manager, a server-based product that automates the collection and interpretation of logs from various sources. It also provides enterprise-class systems and application performance management products, which facilitate system administrators to monitor and manage the performance of physical and virtual servers, applications, and storage devices. In addition, the company offers transactional products comprising individual tools and
toolsets, which are desktop-based, laptop-based, or server-based applications. Further, it provides free tools that are desktop, laptop, server-based, or Internet-based applications.
We are recommending the following specific credit spreads.
Call credit spreads = bearish Call spreads.
APRIL 2013 recommendations.
We are also adding the following APRIL recommended spread in our Portfolio #2.
We are recommending an APRIL 67.50/65 put credit spread on LULU.
This spread along with our existing LULU call spread will complete an iron condor on our April LULU position
in Portfolio #2.
We are recommending the following specific recommendation.
Put credit spread = Bullish put spread.