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.

BBY - Best Buy Co., Inc. operates as an e-commerce and physical retailer of consumer electronics in the United States, Europe, Canada, and China. The company?s stores offer video products, including televisions, e-readers, navigation products, digital cameras and accessories, digital camcorders and accessories, and DVD and Blu-ray players; audio products, such as MP3 players and accessories, home theater audio systems and components, and musical instruments; and mobile electronics comprising car stereo and satellite radio products. Its stores also provide computing and mobile phone products consisting of notebook and desktop computers, tablets, monitors, mobile phones and related subscription service commissions, hard drives and other storage devices, and networking equipment, as well as office supplies and other related accessories, such as printers; entertainment products, including video gaming hardware and software, DVDs, Blu-rays, CDs, digital downloads, and computer software; and appliances. In addition, the company offers service contracts, extended warranties, computer-related services, and product repair, as well as delivery and installation services for home theaters, and mobile audio and appliances; and provides snacks and beverages. It operates retail stores and call centers, as well as online retail operations under various brand names, such as Best Buy, Best Buy Mobile, The Carphone Warehouse, Five Star, Future Shop, Geek Squad, Magnolia Audio Video, Pacific Sales, Cell Shop, Connect Pro, Best Buy Express, and The Phone House. The company also operates BestBuy.com, BestBuy.ca, BestBuyMobile.com, CarphoneWarehouse.com, FutureShop.ca, and PhoneHouse.com. Best Buy Co., Inc. has a strategic partnership with Microsoft Corporation to create the Windows Stores.

BTU - Peabody Energy Corporation engages in the mining of coal. The company operates through Western U.S. Mining, Midwestern U.S. Mining, Australian Mining, Trading and Brokerage, and Corporate and Other segments. It is involved in mining of thermal coal to electric utilities and metallurgical coal for industrial customers. The company own interests in 28 coal mining operations located in the United States and Australia, as well as owns non-controlling interest in a Venezuela mine. It also engages in trading and brokerage of coal. In addition, the company operates a mine-mouth coal-fueled generating plant; and Btu Conversion and clean coal technologies. As of December 31, 2012, it had 9.3 billion tons of proven and probable coal reserves. The company was founded in 1883 and is headquartered in St. Louis, Missouri.

We are recommending the following specific credit spreads.

Call Credit spreads = Bearish call spreads.

We are again recommending and trying to fill 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 unsuccessfully tried to get the put credit spread filled today, so we will try again tomorrow.

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.

MCD - McDonald's Corporation franchises and operates McDonald's restaurants in the United States, Europe, the Asia/Pacific, the Middle East, Africa, Canada, and Latin America. Its restaurants offer various food items, soft drinks, coffee, and other beverages, as well as breakfast menus. As of December 31, 2012, the company operated 34,480 restaurants in 119 countries, of which 27,882 were franchised or licensed, including 19,869 franchised to conventional franchisees, 4,350 licensed to developmental licensees, and 3,663 licensed to foreign affiliates; and 6,598 were operated by the company. McDonald?s Corporation was founded in 1940 and is based in Oak Brook, Illinois.

We are recommending the following specific credit spreads.

Call Credit spreads = Bearish call spreads.