New Spread play today.... PEIX (Ethanol Play) With the President speech tonight, and mentioning of alternative fuels, I am going to play this spread looking for a continuation in the stock price advancing. Today PEIX was also Upgraded to "outperform". BTO 50 FEB 17.5 puts @ .95 (debit $4,875.00 with comm.) STO 50 Feb 20 puts @ 2.25 (credit $11,175 minus comm.) Total net credit of $6,300. I may not stay in this spread until expiration. It depends on how the stock behaves the next couple days. Let's see how the speech goes.