MCM August 2013 recommendations.
We are recommending the following credit spreads to the AUGUST expiration cycle.
We are recommending credit spreads for our Portfolio #1 in the following issues.
We are recommending a put credit spread on AN which when filled will give us, along with our
current call spread position, an IRON condor on AN.
We are recommending the following credit spread to complete an iron condor on AN.
Put Credit spread = Bullish put spread
We are recommending credit spreads for our Portfolio #2 in the following issues.
We attempted to get these filled earlier this week and we were unsuccessful, so we are trying again to get these two credit spreads filled on Wednesday.
LULU - Lululemon athletica Inc., together with its subsidiaries, designs, manufactures, and distributes athletic
apparel and accessories for women, men, and female youth. It operates in three segments: Corporate-Owned Stores, Direct To
Consumer, and Other. The company?s line of apparel 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 operated stores; direct to consumer through e-commerce Websites; and a network of wholesale channel, such as premium
yoga studios, health clubs, and fitness centers. As of February 3, 2013, it operated 135 stores in the United States, 51
stores in Canada, 23 stores in Australia, and 2 stores 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.
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. Further, it offers database and technology
solutions, which provide an approach to the orchestration of business applications, as well as consulting services, such
as business and IT transformation, performance and insight optimization, business applications, project and program
management, risk management, quality assurance, and rapid-deployment solutions and engineered services; and education and
certification services. SAP AG sells its products to small businesses, midsize companies, and large enterprises through
its subsidiaries and value-added resellers. The company, formerly known as SAP Aktiengesellschaft Systeme, Anwendungen,
Produkte in der Datenverarbeitung, was founded in 1972 and is headquartered in Walldorf, Germany.
We are recommending the following specific credit spreads.
Call Credit spreads = Bearish call spreads.