Closed Plays


KFT and KMB were closed last Monday as planned.


Play Updates


Archer-Daniels-Midland Company - ADM - close: 32.25

Comments:
05/05/12 update: ADM saw a big rally on May 1st thanks to better than expected earnings news. The company beat estimates by 18 cents with 78 cents a share. The stock surged from $31 to $33.25. The market's three-day sell-off has pulled ADM back down toward $32.00.

I am not suggesting new positions at this time.

Earlier Comments:
We want to keep our new position size small to limit our exposure here. Start with half your normal position size or less.

- Suggested (small) Positions -
Feb 21, 2011 - entry price on ADM @ 31.31, option @ 1.74
symbol: ADM1319A35 2013 JAN $35 call - current bid/ask $ 1.47/ 1.52

05/01/12 ADM beat estimates by 18 cents.
04/28/12 ADM is scheduled to report earnings on May 1st.
02/21/12 trade opened on Tuesday @ 31.31
02/18/12 start with small positions to limit our exposure.
02/17/12 ADM meets our entry point requirements with a close over $31.25. Open positions the next day (Feb. 21st).
02/11/12 adjust entry trigger to wait for close over $31.25
FYI: 2014 calls are also available.

Current Target: $37.75
Current Stop loss: 28.40
Play Entered on: 02/21/12
Originally listed on the Watch List: 01/28/12


Allergan Inc. - AGN - close: 92.90

Comments:
05/05/12 update: It was not a good week for AGN shares. Not only did the company miss Wall Street's estimate of 87 cents by a penny but management then guided lower for the second quarter. The stock gapped down on May 2nd and plunged toward the $90 level before paring its losses. The larger trend is still up but AGN could easily consolidate back down into the $90-87.50 zone before the correction is over. I am not suggesting new positions at this time.

Earlier Comments:
Option spreads are wide for these LEAPS. We want to keep our position size pretty small to limit our risk.

- Suggested Positions -
OCT 17, 2011 - entry price on AGN @ 85.46, option @ 5.10
symbol: AGN1319A100 2013 JAN $100 call - current bid/ask $ 3.30/ 3.60

05/02/12 AGN missed earnings estimates by a penny, guided lower
04/28/12 Exit strategy adjustment! We are not selling half at $99.00. Instead we'll aim for $109.00 to exit positions. See tonight's note for details on alternative exits
03/31/12 adjusted exit strategy. Sell half at $99.00 and sell the remainder at $109.00
03/10/12 new stop loss at $84.50
02/02/12 earnings in-line but guided lower for 2012
01/28/12 earnings are due on Feb. 2nd. Readers might want to raise their stop or consider some sort of hedge prior to the report.
12/24/11 new stop loss @ 81.60
12/10/11 spreads on our 2013 calls are getting wider!
11/19/11 Taking an aggressive stance on our stop loss and moving it down to $77.45
10/22/11 Earnings are coming up. Readers might want to consider raising their stop loss. We are keeping ours at $79.45.

Current Target:$109.00
Current Stop loss: 84.50
Play Entered on: 10/17/11
Originally listed on the Watch List: 09/24/11


Akamai Technologies - AKAM - close: 32.56

Comments:
05/05/12 update: The situation does not look good for our AKAM trade. The oversold bounce in this stock has failed at its 100-dma. Shares have closed back under their exponential 200-dma. AKAM looks poised to drop toward the $31.00 level or lower. Currently we have a stop loss at $31.75. I do think the $30 level is support but I can't guarantee that AKAM will hold that level. More conservative traders will want to seriously consider an early exit right now. If the market continues to sink this week I would expect AKAM to hit our stop loss. I am not suggesting new positions at this time.

- Suggested Positions -
FEB 10, 2012 - entry price on AKAM @ 37.60, option @ 5.40
symbol:AKAM1319A40 2013 JAN $40 call - current bid/ask $ 1.98/ 2.04

2nd Position (enter on Monday, March 12th)
MAR 12, 2012 - entry price on AKAM @ 36.80, option @ 4.45
symbol:AKAM1319A40 2013 JAN $40 call - current bid/ask $ 1.98/ 2.04

05/05/12 readers may want to exit early now.
04/25/12 AKAM reported earnings after the close, and warned that Q2 earnings and margins could contract. Shares plunged the next day
03/12/12 2nd position opened. AKAM @ 36.80. option @ $4.45
03/10/12 new stop loss @ 31.75
03/10/12 consider adding a second position on Monday morning,
let's keep our position size small.
02/10/12 trade is opened on Friday morning
02/09/12 AKAM gapped higher in reaction to strong earnings news. The stock closed above our trigger at $35.25.

Current Target: $44.00
Current Stop loss: 31.75
Play Entered on: 02/10/12
Originally listed on the Watch List: 02/04/12


Bank of America - BAC - close: 7.74

Comments:
05/05/12 update: It's been an ugly six weeks for BAC. The stock has fallen from $10 to under $8.00 now. I suggested readers take profits back in March when BAC was near $10 because we were expecting some profit taking but I honestly wasn't expecting a correction this deep. This last week's breakdown under support near $8.00 is bearish. Shares closed on their 100-dma and look poised to test the late February support near $7.70 soon. I am not suggesting new positions at this time.

Earlier Comments:
Currently we do not have a specific exit target. The plan has been to exit in the $12.00-15.00 zone. We still have months left on our 2013 calls so we're not in a rush to exit just yet. However, more conservative traders may want to take some money off the table early since odds of a pullback are pretty high. You could exit now and buy calls again on a dip.

- Suggested Positions -

AUG 29, 2011 - entry price on BAC @ 8.10, option @ 1.50
symbol: BAC1319A10 2013 JAN $10 call - current bid/ask $ 0.38/ 0.39
(No stop loss on this position)

(2nd Position, bought the dip at $5.15)

NOV 23, 2011 - entry price on BAC @ 5.15, option @ 0.35
symbol: BAC1319A10 2013 JAN $10 call - current bid/ask $ 0.38/ 0.39
(no stop loss on this position)

03/17/12 BAC has broken out from its multi-week trading range. Broken resistance near $8.30 should be new support.
01/28/12 financials seem a bit overbought here.
01/21/12 2012 Jan. $10 calls have expired (-100%)
01/14/12 earnings are due out on Jan. 19th
01/07/12 BAC broke out past its 50-dma and the $6.00 this past week
12/17/11 expect BAC to retest the $5.10-5.00 zone.
11/23/11 BAC hits new trigger @ 5.15 to buy calls.
11/19/11 New trigger to buy calls @ $5.15 (see 2nd position)
10/03/11 Sept. 26th position stopped out at $5.75.
2012 Jan. $7.50 call @ 0.48 (-27.2%)
2013 Jan. $10 call @ 0.74 (-26%)
10/01 raising our stop loss on the Sep. 26th position to $5.75
09/24 adding 2nd position, stop loss at $5.40
09/03 no stop loss on this trade at this time.

Current Target: $12.00-to-$15.00
Current Stop loss: see details above
Play Entered on: 08/29/11
Originally listed in the New Plays 08/27/11


Bristol Meyers Squibb - BMY - close: 33.37

Comments:
05/05/12 update: It was a very quiet week for BMY. The stock closed almost unchanged for the week after churning sideways in the $33.15-33.75 zone all week long. If the market continues to sink we should look for BMY to decline toward the $32.50-32.00 area. I am not suggesting new positions at this time.

- Suggested Positions -
SEP 19, 2011 - entry price on BMY @ 30.53, option @ 1.20
symbol: BMY1319A35 2013 JAN $35 call - current bid/ask $ 1.10/ 1.13

02/11/12 adjust stop loss to $30.90
01/03/12 planned exit, sell half, bid on 2013 Jan $35 call @ 2.58 (+115%)
12/31/11 new stop loss @ 31.45.
12/31/11 Prepare to lock in gains and sell half of our position on Tuesday morning (Jan 3rd, 2012). The 2013 Jan $35 call currently has a bid at $2.60 (a +116.6% gain).
12/16/11 BMY hit our previous exit target at $34.50, more conservative traders may want to take profits now and exit early.
12/10/11 adjust exit target to $37.50
12/03/11 reduce our two exit targets to just one at $34.50
10/22/11 BMY is due to report earnings this week on Oct. 27th. Readers may want to take profits now or prior to the report.
10/08/11 new stop loss @ 29.40
09/16 Friday's close at $30.53 is our trigger to buy calls. Our entry will be Monday morning.

Current Target: $37.50
Current Stop loss: 30.90
Play Entered on: 09/19/11
Originally listed on the Watch List: 09/10/11


Colgate-Palmolive Co. - CL - close: 99.13

Comments:
05/05/12 update: CL tagged another new high, above the $100 level, this past week. Yet the last three days looks like a bearish reversal pattern. On a short-term basis I would expect a dip toward the $98.00 level. If the market really corrects lower we could see CL drop toward the $96-94 zone. I am raising our stop loss up to $91.75. Our long-term target remains $109.

I am not suggesting new positions at this time.

- Suggested Positions -
MAR 16, 2012 - entry price on CL @ 95.48, option @ 2.92
symbol: CL1319A100 2013 JAN $100 call - current bid/ask $4.45/4.55

- or -

MAR 16, 2012 - entry price on CL @ 95.48, option @ 5.57
symbol: CL1418A100 2014 JAN $100 call - current bid/ask $7.40/8.20

05/05/12 new stop loss @ 91.75
04/26/12 CL reports earnings that are in-line with estimates.
03/31/12 CL is performing well but expect resistance at the $100 level and a possible pullback.

Current Target: $109.00
Current Stop loss: 91.75
Play Entered on: 03/16/12
Originally listed on the Watch List: 03/10/12


Cisco Systems - CSCO - close: 19.12

Comments:
05/05/12 update: Warning! Our CSCO trade could be in serious risk. The stock was underperforming on Friday with a -3.0% decline. Shares closed right at support near $19.00 and its 150-dma and exponential 200-dma. Unfortunately you could argue that CSCO is breaking down from a bearish head-and-shoulders pattern formed over the last three months. This could signal a drop toward the $17.50-17.00 area.

Readers will want to seriously consider an early exit right now. I still see potential support in the $18.50-18.00 zone and earnings are coming up on May 9th. I'm not willing to exit just yet. CSCO is due to report earnings on May 9th, after the closing bell. Wall Street expects a profit of 47 cents a share.

I am not suggesting new positions at this time.

- Suggested Positions -
OCT 28, 2011 - entry price on CSCO @ 18.28, option @ 1.68
symbol: CSCO1319A20 2013 JAN $20 call - current bid/ask $1.29/1.31

05/05/12 CSCO is showing weakness. Readers may want to exit early immediately. Earnings are coming up on May 9th.
03/31/12 adjust exit target to $23.00
02/04/12 new stop loss @ 17.75
01/21/12 new stop loss @ 17.20
10/29/11 new stop loss @ 16.40
10/28/11 stock opens at $18.28
10/27/11 CSCO meets our entry requirement: close at $18.44
10/22/11 Added entry to buy a close over $17.75
10/15/11 We are adjusting our entry point. Wait for a dip to $16.65
10/14/11 CSCO hit our entry point requirement for a close over $17.50.

Current Target: $23.00
Current Stop loss: 17.75
Play Entered on: 10/28/11
Originally listed on the Watch List: 10/08/11


The Dow Chemical Co. - DOW - close: 32.33

Comments:
05/05/12 update: It's been a rough two weeks for shares of DOW. The stock reversed at resistance near $36.00 on the 25th of April. Since then DOW has been sinking through multiple layers of short-term support. The stock looks headed for its April lows near $31.50. If the market really starts to sell-off I would expect DOW to dip toward the $30.00 mark. I'm not suggesting new positions at this time.

- Suggested Positions -
Jan 09, 2012 - entry price on DOW @ 30.46, option @ 2.40
symbol: DOW1319A35 2013 JAN $35 call - current bid/ask $ 1.88/ 1.92

- or -

Jan 09, 2012 - entry price on DOW @ 30.46, option @ 2.54
symbol: DOW1418A40 2014 JAN $40 call - current bid/ask $ 1.89/ 1.98

04/26/12 DOW reported earnings one cent above expectations but revenues were a miss.
04/14/12 DOW produced a new lower low, last week. The correction may not be over yet.
02/11/12 adjust stop loss to $29.45. Readers may want to take profits now.
02/02/12 missed earnings estimates by five cents
01/28/12 Readers will want to seriously consider taking profits right now, prior to the earnings report on Feb. 2nd.
01/28/12 new stop loss @ 29.75
01/21/12 new stop loss @ 28.40
01/14/12 new stop loss @ 27.75
01/06/12 DOW meets our entry requirement with a close over $30.25. Plan is to buy calls on Monday morning (01/09/12).

Current Target: $39.50
Current Stop loss: 29.45
Play Entered on: 01/09/12

Originally listed on the Watch List: 12/31/11


eBay Inc. - EBAY - close: 39.44

Comments:
05/05/12 update: EBAY is starting to see some profit taking after failing at resistance near $42.00 again. I would expect shares to dip toward $38.00 or possibly fill the gap with a dip toward $36.50. I am not suggesting new positions at this time.

- Suggested Positions -
Mar 12, 2012 - entry price on EBAY @ 36.36, option @ 2.85
symbol: EBAY1319A40 2013 JAN $40 call - current bid/ask $ 4.00/ 4.10

- or -

Mar 12, 2012 - entry price on EBAY @ 36.36, option @ 5.11
symbol: EBAY1418A40 2014 JAN $40 call - current bid/ask $ 6.85/ 7.05

04/28/12 EBAY closed near its highs. Readers may want to take profits now. The bid on the 2013 call is at $5.10 (+78.9%), and the bid on the 2014 call is at $7.95 (+55.5%)
04/21/12 new stop loss at $34.90
04/18/12 EBAY reports better than expected earnings and provides stronger 2012 earnings guidance. The stock spikes higher.
04/07/12 EBAY could see a dip toward $34.00
03/31/12 action this past week looks short-term bearish. Look for a pullback

Current Target: $44.50
Current Stop loss: 34.90
Play Entered on: 03/12/12
Originally listed in the New Plays 03/10/12


Enterprise Products Partners - EPD - close: 52.47

Comments:
05/05/12 update: Our plan was to take some money off the table on Monday morning prior to EPD's earnings report. EPD opened on Monday at $58.82 and the 2013 Jan $50 call opened with a bid at $2.85 (+96.5%).

The company's earnings results were better than expected. Wall Street was looking for a profit of 57 cents a share on revenues of $11.0 billion. EPD delivered 73 cents on $11.25 billion. This news helped lift shares toward their 2012 highs near $53.00 but the market's widespread declines slowed EPD's ascent.

A failure here would look like a potential bearish double top pattern. I am not suggesting new positions at this time.

Earlier Comments:
Our long-term target is $59.00 but bear in mind that EPD doesn't normally move very fast.

- Suggested Positions -
Nov 21, 2011 - entry price on EPD @ 45.17, option @ 1.45
symbol: EPD1319A50 2013 JAN $50 call - current bid/ask $ 3.60/ 3.80

05/02/12 EPD beat earnings and revenue estimates
04/30/12 sold half on Monday at the open. option bid @ 2.85 (+96.5%)
04/28/12 plan to sell half of our position on Monday morning. Current option bid is $2.95 (+103%)
04/21/12 readers may want to take profits now. The bid on our call option is at $3.10 (+113%)
02/18/12 new stop loss @ 46.75
02/04/12 new stop loss @ 44.75
01/28/12 new stop loss @ 43.75
01/21/12 new stop loss @ 43.40
01/06/12 EPD (and PAA) both see sharp intraday dips (-5% or more)
12/31/11 2013 Jan $50 call spreads have improved significant.
12/24/11 spreads on the 2013 Jan $50 calls have widened significantly.
12/08/11 EPD gapped down on news of a 9 million share secondary price at $44.68.

Current Target: $59.00
Current Stop loss: 46.75
Play Entered on: 11/21/11
Originally listed in the New Plays 11/19/11


Intel Corp. - INTC - close: 27.90

Comments:
05/05/12 update: Warning! INTC may have just produced a short-term top. Shares were hitting new multi-year highs on Wednesday. Thursday produced a bearish engulfing candlestick reversal pattern and Friday is confirmation. The decline looks like a top on the weekly chart too. At this point I would expect a correction lower, probably toward the $26.00 area.

I am not suggesting new positions at this time.

- Suggested (small, half-sized) Positions -
Feb 21, 2011 - entry price on INTC @ 27.34, option @ 1.30
symbol: INTC1319A30 2013 JAN $30 call - current bid/ask $ 1.17/ 1.19

- or -

Feb 21, 2011 - entry price on INTC @ 27.34, option @ 2.11
symbol: INTC1418a30 2014 JAN $30 call - current bid/ask $ 2.32/ 2.41

02/21/12 INTC opened at $27.34.
02/18/12 start with small positions to limit our exposure.

Current Target: $34.00
Current Stop loss: 24.75
Play Entered on: 02/21/12

Originally listed on the Watch List: 02/11/12


Coca-Cola Company - KO - close: 77.00

Comments:
05/05/12 update: The rally in KO has been a lot faster than expected. Readers may want to take profits early with our 2014 call already up +72%. Shares of KO drifted higher this past week, outperforming the market's major indices, but it looks like the $78.00 area could be resistance.

I am expecting some profit taking soon. Look for support around the $74 area.

Earlier Comments:
We will plan to exit positions prior to KO's proposed 2-for-1 split scheduled for August.

- Suggested Positions (start with small positions) -
Mar 29, 2012 - entry price on KO @ 72.35, option @ 3.60
symbol: KO1418A75 2014 JAN $75 call - current bid/ask $ 6.20/ 6.30

04/28/12 new stop loss @ 69.75
More conservative traders may want to take profits now, bid @ $5.90
04/25/12 KO's BoD has recommended a 2-for-1 split subject to shareholder approval in July. Split to occur in August.

Current Target: $87.00
Current Stop loss: 69.75
Play Entered on: 03/29/12
Originally listed on the Watch List: 03/17/12


Eli Lilly - LLY - close: 41.28

Comments:
05/05/12 update: LLY is virtually unchanged for the week after consolidating sideways in the $41.00-41.50 zone the last few days. If the market corrects lower I would expect LLY to dip toward the $40.00 area. I am not suggesting new positions at this time.

- Suggested (SMALL) Positions -
Jan 05, 2012 - entry price on LLY @ 39.50, option @ 1.19
symbol: LLY1319A45 2013 JAN $45 call - current bid/ask $ 1.45/ 1.49

- or -

Jan 05, 2012 - entry price on LLY @ 39.50, option @ 2.75
symbol: LLY1418A45 2014 JAN $45 call - current bid/ask $ 2.03/ 2.19

04/25/12 LLY beat earnings estimates by 12c and raised guidance
03/17/12 LLY's close over $40.00 looks like a new bullish entry point
01/28/12 new stop loss @ 37.75

Current Target: $44.75 & 48.00
Current Stop loss: 37.75
Play Entered on: 01/05/12

Originally listed on the Watch List: 12/17/11


Las Vegas Sands - LVS - close: 54.13

Comments:
05/05/12 update: We have been expecting LVS to correct lower so this decline isn't a surprise. That's why we sold half of our position three weeks ago to lock in a gain. I'm looking for LVS to find support in the $52-50 zone.

I am not suggesting new positions at this time.

- Suggested Positions -
Feb 06, 2012 - entry price on LVS @ 51.35, option @ 4.40
symbol: LVS1319A60 2013 JAN $60 call - current bid/ask $ 4.70/ 4.80

04/28/12 expecting a correction lower into the $52.50-50.00 zone
04/16/12 Sold half of our position. Bid opened at $7.45 (+69.3%)
04/14/12 Prepare to sell half on Monday morning at the open. Current bid on the 2013 Jan $60 call is $8.30 (+88.6%).
02/06/12 LVS gapped open lower at $51.35
02/04/12 LVS met our entry point requirement at the close on Friday. Open positions on Monday, Feb. 6th.

Current Target: $69.00
Current Stop loss: 49.75
Play Entered on: 02/06/12

Originally listed on the Watch List: 01/28/12


3M Co. - MMM - close: 88.67

Comments:
05/05/12 update: MMM has spent two weeks now consolidating sideways under resistance near $90.00. There is short-term support at $88 and its 50-dma but if the market really starts correcting lower then we should probably expect a decline toward the $86 area.

I am not suggesting new positions at this time.

- Suggested Positions -
Jan 19, 2012 - entry price on MMM @ 85.10, option @ 3.30
symbol: MMM1319A95 2013 JAN $95 call - current bid/ask $ 2.51/ 2.58

04/14/12 Readers will want to seriously consider an early exit right now. The short-term trend for MMM is down.
03/17/12 new stop loss @ 83.75
02/04/12 new stop loss @ 81.75

Current Target: $97.00
Current Stop loss: 83.75
Play Entered on: 01/19/12
Originally listed on the Watch List: 12/03/11


Motorola Solutions, Inc. - MSI - close: 50.61

Comments:
05/05/12 update: MSI only los 15 cents for the week but the stock did produce a new failed rally near the $52.00 level a few days ago. I am concerned this could be a new lower high. If the market starts to accelerate lower we should expect MSI to dip toward technical support at its rising 100-dma. More conservative traders may want to move their stop loss closer to the $48 level. I am not suggesting new positions at this time.

- Suggested Positions -
Feb 17, 2012 - entry price on MSI @ 49.35, option @ 2.27
symbol: MSI1319A55 2013 JAN $55 call - current bid/ask $ 1.89/ 1.96

02/18/12 new stop loss @ 45.75
02/17/12 trades opens on Friday morning at $49.35
02/16/12 MSI meets our requirement to open positions
02/04/12 if triggered, use a stop loss at $43.95
01/28/12 MSI underperformed as investors sold the stock following its earnings report. If MSI doesn't improve this week we'll drop it as a candidate.

Current Target: $64.50
Current Stop loss: 45.75
Play Entered on: 02/17/12

Originally listed on the Watch List: 12/10/11


NetEase.com - NTES - close: 59.78

Comments:
05/05/12 update: It was a very quiet week for NTES. The stock consolidated sideways in a narrow range near the $60.00 level. Shares remain inside a bullish channel higher but it's nearing the bottom of that channel (essentially near the 30-dma). A breakdown from the channel would be bearish but NTES should find support in the $55-54 area.

Currently we have a very wide stop loss at $49.40. More conservative traders may want to raise their stop loss or exit now to lock in a gain. I am expecting some volatility in NTES after the company reports earnings on May 16th. I am not suggesting new positions at this time.

Earlier Comments:
Our long-term target is $64.00. Currently the Point & Figure chart is bullish with a $68 target. I want to remind readers that NTES can be volatile so we want to start with small positions (at least half your normal trade or smaller).

- Suggested (Small) Positions -
Feb 29, 2012 - entry price on NTES @ 52.74, option @ 4.70
symbol:NTES1319A60 2013 JAN $60 call - current bid/ask $ 7.20/ 7.90

05/05/12 readers may want to take profits now or raise their stop loss prior to the earnings report on May 16th. Option bid @ 7.20 (+53.1%)
03/24/12 new stop loss @ 49.40
Nimble traders may want to take profits now (current bid $7.80, +66%) and they re-enter positions on a correction.

Current Target: $ 64.50
Current Stop loss: 49.40
Play Entered on: 02/29/12

Originally listed on the Watch List: 02/25/12


Reynolds American Inc. - RAI - close: 40.37

Comments:
05/05/12 update: I remain concerned about RAI. As we suspected the $41 level did act as resistance. The fact that RAI raised its quarterly dividend and now has an annual yield of 5.5% is not helping the stock price. Now shares are starting to slide lower. Odds are we will see RAI retest technical support at its rising 200-ema near $39.50 soon. More conservative traders may want to throw in the towel right now and exit early. I am not suggesting new positions at this time.

- Suggested Positions -
Nov 18, 2011 - entry price on RAI @ 40.02, option @ 2.00
symbol: RAI1319A42.5 2013 JAN $42.50 call - current bid/ask $ 0.90/ 1.00

05/05/12 the oversold bounce is reversing. readers may want to exit lower
04/24/12 RAI reports earnings and misses. Shares spike lower!
03/10/12 another close over $42.50 could be used as a bullish entry point.
01/28/12 RAI and the rest of the tobacco stocks are underperforming. Readers might want to exit early now given RAI's relative weakness.

Current Target: $49.00
Current Stop loss: 37.85
Play Entered on: 11/18/11
Originally listed on the Watch List: 10/22/11


Teva Pharmaceuticals - TEVA - close: 44.44

Comments:
05/05/12 update: It was not a good week for TEVA. Shares briefly traded above resistance near $46.00 but the move proved to be a bull-trap pattern. Then on Friday the stock gapped down and closed under some short-term support. Traders bought the dip at its 100-dma, which is near the trend line of higher lows. If we see TEVA close under $43.50 then more conservative traders may want to exit early. The company is due to report earnings soon on May 9th and that could give shares a big push either way. I am not suggesting new positions prior to earnings.

- Suggested Positions -
Jan 19, 2012 - entry price on TEVA @ 45.40, option @ 2.49
symbol: TEVA1319A50 2013 JAN $50 call - current bid/ask $ 1.16/ 1.20

- or -

Jan 19, 2012 - entry price on TEVA @ 45.40, option @ 4.40
symbol: TEVA1418A50 2014 JAN $50 call - current bid/ask $ 2.97/ 3.30

03/24/12 new stop loss @ 41.80
03/24/12 TEVA is still underperforming. Consider an early exit
03/17/12 TEVA is underperforming. Readers may want to exit early or raise their stop loss.
02/04/12 new stop loss @ 41.40

Current Target: $54.00
Current Stop loss: 41.80
Play Entered on: 01/19/12

Originally listed on the Watch List: 01/14/12


UnitedHealth Group - UNH - close: 54.72

Comments:
05/05/12 update: UNH lost more than three points for the week. More importantly Shares have broken down under technical support at the 50-dma and under one of its trend lines of higher lows. There didn't appear to be any specific news behind the relative weakness in UNH these last two days. The stock should find support in the $54-53 area. If it does not then UNH will hit our stop loss at $52.75. I am not suggesting new positions at this time.

- Suggested Positions -
Feb 15, 2012 - entry price on UNH @ 54.53, option @ 3.25
symbol: UNH1319A60 2013 JAN $60 call - current bid/ask $ 2.59/ 2.68

- or -

Feb 15, 2012 - entry price on UNH @ 54.53, option @ 5.00
symbol: UNH1418A60 2014 JAN $60 call - current bid/ask $ 5.55/ 5.80

04/19/12 UNH reported earnings that beat estimates and raised guidance
03/31/12 new stop loss @ 52.75. Adjust exit to $64.00
03/24/12 action this past week has turned bearish. expecting a correction toward the $50 area.

Current Target: $64.00
Current Stop loss: 52.75
Play Entered on: 02/15/12

Originally listed on the Watch List: 02/11/12


Verizon Communications - VZ - close: 40.26

Comments:
05/05/12 update: I am worried that VZ may be forming a short-term top. The stock rallied to new multi-year highs early in the week but have since pulled back. Shares closed virtually unchanged week over week. The stock remains overbought given its big bounce from the $37 level. I am expecting a pullback. I am not suggesting new positions at this time.

- Suggested Positions -
Dec 23, 2011 - entry price on VZ @ 39.42, option @ 2.17
symbol: VZ1319A40 2013 JAN $40 call - current bid/ask $ 1.99/ 2.02

- or -

Dec 23, 2011 - entry price on VZ @ 39.42, option @ 2.87
symbol: VZ1418A40 2014 JAN $40 call - current bid/ask $ 2.93/ 3.05

04/05/12 VZ began trading ex-div for its upcoming April 30th dividend
03/10/12 VZ is starting to see some positive momentum higher
01/28/12 readers may want to consider an early exit immediately
01/24/12 VZ reported earnings and missed by a penny. Shares broke down on this news.

Current Target: $45.00
Current Stop loss: 36.75
Play Entered on: 12/23/11

Originally listed on the Watch List: 12/17/11


Exxon Mobil - XOM - close: 84.57

Comments:
05/05/12 update: XOM had rallied back toward resistance in the $87.50-88.00 zone only to reverse again. Crude oil prices plunged on the disappointing jobs numbers Friday morning and the drop in oil weighed on the energy sector. XOM looks poised to correct lower toward $82 again. I am not suggesting new positions at this time.

- Suggested Positions -
Dec 22, 2011 - entry price on XOM @ 83.56, option @ 4.63
symbol: XOM1319A90 2013 JAN $90 call - current bid/ask $ 2.27/ 2.30

- or -

Dec 22, 2011 - entry price on XOM @ 83.56, option @ 6.25
symbol: XOM1418A95 2014 JAN $95 call - current bid/ask $ 3.50/ 3.55

04/26/12 XOM missed earnings estimates by 9 cents
04/14/12 XOM has broken down from its 3-month trading range.
03/17/12 XOM has bounced off the bottom of its bullish channel.
03/03/12 bears could argue that XOM is forming a potential double top pattern with the peak in late January and late February
02/11/12 recent action looks like a bearish H&S pattern with an $80 target.
01/28/12 readers may want to raise their stop prior to earnings
01/21/12 new stop loss at $79.40
01/07/12 new stop loss @ 77.90

Current Target: $94.00
Current Stop loss: 79.40
Play Entered on: 12/22/11

Originally listed on the Watch List: 12/03/11


CLOSED Plays


Kraft Foods Inc. - KFT - close: 39.25

Comments:
05/05/12 update: We have been aiming for the $40.00 level and KFT hit $39.99 on May 1st, which proved to be the high for the week. However, our plan was to exit positions on Monday morning to avoid holding over the earnings report. KFT opened on Monday at $39.75 and the bid on our call opened at $5.05.

- Suggested (SMALL) Positions -
Sep 22, 2011 - entry price on KFT @ 32.71, option @ 2.35
symbol: KFT1319A35 2013 JAN $35 call - exit $5.05 (+114.8%)

04/30/12 planned exit at the open on Monday.
04/28/12 prepare to exit early on Monday morning to lock in a gain. Current bid on our call is at $4.90 (+108.5%)
03/31/12 short-term action is bearish. readers may want to exit early
02/04/12 new stop loss @ 35.90
01/21/12 new stop loss @ 35.40
Readers may want to exit now with the call +102%
12/31/11 Investors may want to take profits now.
12/28/11 begins trading ex-dividend
12/24/11 new stop loss @ 34.25
12/03/11 new stop loss @ 33.85, adjusted exit target to $40.00
11/12/11 new stop loss @ 32.40

Chart of KFT:

Current Target: $40.00
Current Stop loss: 35.90
Play Entered on: 09/22/11
Originally listed on the Watch List: 09/17/11


Kimberly-Clark Corp. - KMB - close: 78.29

Comments:
05/05/12 update: We wanted to lock in a gain after KMB's big rally a week ago. The plan was to exit on Monday morning at the open. Unfortunately KMB gapped down at $77.90. The bid on our 2013 Jan $75 call opened at $4.70 (+129.2%).

- Suggested Positions -
(half sized position)
Nov 07, 2011 - entry price on KMB @ 69.50, option @ 2.05
symbol: KMB1319A75 2013 JAN $75 call - exit $4.70 (+129.2%)

04/30/12 planned exit at the open.
04/28/12 prepare to exit on Monday morning. current bid on our call is at $5.00 (+143.9%)
04/21/12 new stop loss @ 69.95
03/31/12 KMB is testing major resistance near $74.00
12/24/11 New stops loss @ 68.25. KMB has broken out to all-time highs.

Chart of KMB:

Current Target: $79.75
Current Stop loss: 69.95
Play Entered on: 11/07/11
Originally listed in the New Plays 11/05/11