We are recommending the following credit spread for the May 2014 expiration cycle.

We are recommending credit spreads for our Portfolio #1 in the following issues.

We are adding the following Put spread on SHLD, that when filled will take some of the sting out of closing out the 36/38 call , that we presently have a GTC order to close at. SO whenever we close the call position the put position will relieve a little of the pain.

We are recommending the following specific SHLD put spread as listed below

Put credit spreads = Bullish put spreads.

This spread will require an additional $2000 margin as the strike price difference is 3 points instead of two.