Editor's Note:

VRSN has graduated from our watch list to our active play list.


Closed Plays



None. No closed plays this week.




Play Updates


American Intl. Group - AIG - close: 49.95

Comments:
09/22/13: AIG eked out a small gain for the week. The three-week trend is higher but momentum seems to be stalling. You could argue that Thursday's session created a bearish reversal candlestick pattern. AIG is currently testing short-term support at its 10-dma. I would not be surprised to see this stock decline toward $48.00 and its 50-dma.

- Suggested Positions -
JUL 15, 2013 - entry price on AIG @ 46.99, option @ 2.50
symbol: AIG1418a50 2014 JAN $50 call - current bid/ask $2.69/2.73

- or -

JUL 15, 2013 - entry price on AIG @ 46.99, option @ 4.05
symbol: AIG1517a55 2015 JAN $55 call - current bid/ask $4.00/4.10

09/15/13 new stop loss @ 44.65
08/04/13 new stop loss @ 43.75
07/15/13 trade opens. AIG opens at $46.99
07/14/13 AIG came within a penny of hitting our new entry trigger (closing above $46.75). We are adding it as a new play tonight. Buy calls on Monday morning. Move the stop loss up to $42.40.
07/07/13 adjust entry strategy: wait for shares to close above $46.75 and then buy calls the next day. Stop loss at $41.40. Target 55.00.
06/16/13 adjust entry strategy: move the buy-the-dip trigger to $40.00, from 38.50. Move the stop loss to $36.35 from 34.75.

Current Target:$ 54.75
Current Stop loss: 44.65
Play Entered on: 07/15/13
Originally listed on the Watch List: 06/01/13


Bank of America - BAC - close: 14.44

Comments:
09/22/13: BAC garnered some bullish analyst comments on Thursday but it didn't help. The stock gave back all of its post-FOMC meeting pop from Wednesday afternoon. Shares lost five cents for the week and is flirting with a bearish breakdown below its 50-dma. If shares do breakdown below this moving average the next level of support could be the $14.00 level or its 100-dma (also nearing $14.00).

Don't forget that BAC was removed from the Dow Jones Industrial Average on Friday.

FYI: BAC is scheduled to report earnings on October 16th.

I am not suggesting new positions at this time.

- Suggested Positions -
(exit target hit on 07/23/13 @ $15.00)
MAR 18, 2013 - entry price on BAC @ 12.29, option @ 0.44
symbol: BAC1418a15 2014 JAN $15 call - exit $1.04 (+136.3%)

- or -

MAR 18, 2013 - entry price on BAC @ 12.29, option @ 1.13
symbol: BAC1517a15 2015 JAN $15 call - current bid/ask $1.56/1.59

07/23/13 $15.00 exit target hit for the 2014 Jan. $15 calls.
07/20/13 new stop loss @ 12.75. Adjust the exit target for the 2014 calls to exit when BAC hits $15.00. Our exit for the 2015 calls is $18.00 on BAC
07/07/13 new stop loss @ 11.35
05/04/13 BAC did not participate in the market's rally this past week. Investors should turn more defensive here.

Current Target: BAC @ 15.00 for 2014 calls. BAC @ $18 for 2015 call
Current Stop loss: 12.75
Play Entered on: 03/18/13

Originally listed on the Watch List: 03/09/13


Deckers Outdoor Corp. - DECK - close: 60.71

Comments:
09/22/13: It is a little bit surprising that DECK managed a gain for the week. Adidas issued a profit warning a couple of days ago but the news failed to really impact the rest of the footwear stocks. Nervous investors could have used that as an excuse to sell. I will point out that Friday's session for DECK does look like a bearish engulfing candlestick reversal pattern. If the market continues to slip lower I would not be surprised to see DECK slide toward $58 and its 50-dma.

I am not suggesting new positions at this time.

Earlier Comments:
Our target is $74.00. FYI: The point & figure chart is forecasting a bullish target of $87.00. We want to keep our position size small to limit our risk. DECK can be a volatile stock.

- Suggested Positions -
SEP 05, 2013 - entry price on DECK @ 61.47, option @ 4.30
symbol: DECK1418a65 2014 JAN $65 call - current bid/ask $3.50/3.70

- or -

SEP 05, 2013 - entry price on DECK @ 61.47, option @ 8.15*
symbol: DECK1517a70 2015 JAN $70 call - current bid/ask $7.10/7.60

*entry price on the 2015 call is an estimate as it did not trade at the time our play was opened.

Current Target: 74.00
Current Stop loss: 55.75
Play Entered on: 09/05/13
Originally listed on the Watch List: 08/25/13


Dollar General Corp. - DG - close: 57.65

Comments:
09/22/13: DG underperformed the market on Friday with a -1.4% pullback. Yet shares still poised a gain for the week. Wednesday's move was a bullish breakout from a two-week consolidation pattern but the sharp drop on Friday is troubling. If the market sees a correction we could watch DG decline back toward support near $55.00.

Please note that I am raising our stop loss to $53.60, which is just below the simple 100-dma.

Earlier Comments:
Our long-term target is $64.00 for the 2014 calls. Our target is $69.00 for the 2015 calls. FYI: The point & figure chart is bullish with a $78.00 target.

- Suggested Positions -
SEP 06, 2013 - entry price on DG @ 57.61, option @ 2.58
symbol: DG1418a60 2014 JAN $60 call - current bid/ask $2.25/2.40

- or -

SEP 06, 2013 - entry price on DG @ 57.61, option @ 3.48
symbol: DG1517a70 2015 JAN $70 call - current bid/ask $2.60/3.10

09/22/13 new stop loss @ 53.60

Current Target: 64.00 for the 2014s, 69.00 for the 2015s
Current Stop loss: 53.60
Play Entered on: 09/06/13
Originally listed on the Watch List: 08/04/13


Eastman Chemical Co. - EMN - close: 78.53

Comments:
09/22/13: It was an encouraging week for EMN bulls. Shares rebounded from the $76.00 level on Tuesday and closed the week with a two-dollar gain. If the market cooperates we could see EMN retesting its highs soon. If not, then EMN might be forced to retest support near $75.00 again. Our stop loss remains at $74.40.

Earlier Comments:
Our long-term target for the 2014 call is $84. Our long-term target for the 2015 call is $95.00. FYI: The Point & Figure chart is bullish with a $91 target.

- Suggested Positions -
JUL 18, 2013 - entry price on EMN @ 75.34, option @ 3.60*
symbol: EMN1418a80 2014 JAN $80 call - current bid/ask $ 3.70/3.90

- or -

JUL 18, 2013 - entry price on EMN @ 75.34, option @ 4.90*
symbol: EMN1517a90 2015 JAN $90 call - current bid/ask $ 5.40/5.70

08/04/13 new stop loss @ 74.40
07/18/13 Trade opened. EMN opens at $75.34
*option entry price is an estimate since the option did not trade at the time our play was opened.
07/17/13 EMN meets our entry requirement with a close above $75.25

Current Target: 2014 calls: target $84 on EMN. 2015 calls: target $95
Current Stop loss: 74.40
Play Entered on: 07/18/13
Originally listed on the Watch List: 07/14/13


Ford Motor Co. - F - close: 17.39

Comments:
09/22/13: Ford briefly traded to a new two-year high following the FOMC meeting on Wednesday. The two-day market pullback erased those gains. Shares only gained four cents for the week. If Ford breaks down under short-term support near $17.25 it could portend a much deeper decline. The $16.00 level and the 100-dma is the next closest level of support.

I am not suggesting new positions at this time.

- Suggested Positions -
(closed the 2014 calls on May 20th, at the open)
APR 29, 2013 - entry price on F @ 13.73, option @ 0.60
symbol: F1418a15 2014 JAN $15 call - exit $1.18 (+96.6%)

- or -

APR 29, 2013 - entry price on F @ 13.73, option @ 1.22
symbol: F1517a15 2015 JAN $15 call - current bid/ask $ 3.35/3.40

09/15/13 adjust exit target on 2015 calls to $19.50 (on Ford stock)
09/08/13 new stop loss @ 15.35
08/04/13 new stop loss @ 14.85
07/07/13 new stop loss @ 14.25
06/01/13 investors may want to exit our 2015 calls now with a bid at $2.34 (+91.8%)
06/01/13 adjust long-term target to $17.75
05/20/13 closed the 2014 calls at the open. Option @ +96.6%
05/18/13 prepare to exit the 2014 calls on Monday, May 20th
05/18/13 new stop loss @ 13.40

Current Target:$ 19.50
Current Stop loss: 15.35
Play Entered on: 04/29/13
Originally listed on the Watch List: 04/20/13


Fluor Corp. - FLR - close: 72.01

Comments:
09/22/13: Our new play on FLR is off to a strong start with shares up +7.1% for the week. The company announced a couple of new large contracts and the news pushed shares to new two-year highs. The rally stalled at round-number resistance near $75.00 on Friday morning. I would not be surprised to see a dip back toward the $70.00 level.

We previously listed our long-term target at $74.75. The high on Friday was $74.72. I am adjusting our long-term target to $79.50. We are also adjusting the stop loss to $64.75.

- Suggested Positions -
SEP 12, 2013 - entry price on FLR @ 67.14, option @ 2.90
symbol: FLR1418a70 2014 JAN $70 call - current bid/ask: 5.20/5.30

- or -

SEP 12, 2013 - entry price on FLR @ 67.14, option @ 5.70*
symbol: FLR1517a75 2015 JAN $75 call - current bid/ask: 7.60/7.90

09/22/13 new stop loss @ 64.75
09/22/13 adjust exit target from $74.75 to $79.50
09/20/13 high for the day was $74.72
*option entry price is an estimate since the option did not trade at the time our play was opened.

Current Target:$ 79.50
Current Stop loss: 64.75
Play Entered on: 09/12/13
Originally listed on the Watch List: 08/11/13


Halliburton Company - HAL - close: 49.34

Comments:
09/22/13: HAL spent the week churning sideways in the $49.00-50.50 zone. If the market corrects lower we could see HAL dip toward its 50-dma (near $47.00). While the long-term trend is up we may want to wait on new positions.

FYI: HAL is scheduled to report earnings on Oct. 21st.

- Suggested Positions -
AUG 21, 2013 - entry price on HAL @ 47.22, option @ 1.82
symbol: HAL1418a50 2014 JAN $50 call - current bid/ask $ 2.46/2.48

- or -

AUG 21, 2013 - entry price on HAL @ 47.22, option @ 4.80
symbol: HAL1517a50 2015 JAN $50 call - current bid/ask $ 5.85/6.00

09/08/13 new stop loss @ 44.75

Current Target:$ 52.50 for the 2014 calls, $56.0 for the 2015 calls
Current Stop loss: 44.75
Play Entered on: 08/21/13
Originally listed on the Watch List: 08/18/13


Harley-Davidson - HOG - close: 64.27

Comments:
09/22/13: HOG keeps the rally going with another gain for the week. Shares are now up five weeks in a row. The $65.00 level could be round-number resistance. I am not suggesting new positions at this time. If this stock does see a pullback we can watch for support near $60.00.

I am raising our stop loss to $59.00.

- Suggested Positions -
SEP 04, 2013 - entry price on HOG @ 61.01, option @ 2.36
symbol: HOG1418a65 2014 JAN $65 call - current bid/ask $ 2.70/2.78

- or -

SEP 04, 2013 - entry price on HOG @ 61.01, option @ 4.35*
symbol: HOG1517a70 2015 JAN $70 call - current bid/ask $ 5.00/5.15

09/22/13 new stop loss @ 59.00
*note the entry price on our 2015 call is an estimate since the option did not trade at the time our play opened.

Current Target: 69.00
Current Stop loss: 59.00
Play Entered on: 09/04/13
Originally listed on the Watch List: 08/25/13


Honeywell Intl. - HON - close: 85.48

Comments:
09/22/13: HON hit new all-time highs this past week, trading to $87.50 on Thursday. Unfortunately, the action over the last three sessions sort of looks like a bearish reversal candlestick pattern. At the very least I am expecting a pullback toward the $84.50-84.00 area and possibly lower.

I am not suggesting new positions at this time.

FYI: HON is scheduled to report earnings on Oct. 18th.

Earlier Comments:
Our initial plan was to keep our position size small to limit risk.

- Suggested Positions -
(closed the 2014 calls on May 20th at the open)
MAY 07, 2013 - entry price on HON @ 76.20, option @ 2.68
symbol: HON1418a80 2014 JAN $80 call - exit $5.10 (+90.2%)

- or -

MAY 07, 2013 - entry price on HON @ 76.20, option @ 4.10
symbol: HON1517a85 2015 JAN $85 call - current bid/ask $ 7.75/7.90

08/25/13 new stop loss @ 78.40
08/04/13 new stop loss @ 77.45
07/14/13 new stop loss at $75.75
05/20/13 closed the 2014 calls at the open. option @ +90.2%
05/18/13 prepare to exit 2014 Jan. calls immediately on Monday, May 20th
05/18/13 new stop loss @ 74.50
05/07/13 Our trade opens
05/06/13 HON meets our entry requirement with a close above $76.00

Current Target:$ 95.00
Current Stop loss: 78.40
Play Entered on: 05/07/13
Originally listed on the Watch List: 05/04/13


Intel Corp. - INTC - close: 23.77

Comments:
09/22/13: INTC has extended its gains to three weeks in a row but the rally seems to have stalled near the $24.00 level. Shares are up 33 cents for the week. Our trade opened on Monday, Sept. 16th with INTC at $23.63. I suspect that if the market pulls back from here we could see INTC retesting the $23.00 level. Investors may want to wait for that dip (near $23.00) before considering new positions.

FYI: INTC is scheduled to report earnings on October 15th.

- Suggested Positions -
SEP 16, 2013 - entry price on INTC @ 23.63, option @ 0.93
symbol: INTC1418a24 2014 JAN $24 call - current bid/ask $0.96/0.98

- or -

SEP 16, 2013 - entry price on INTC @ 23.63, option @ 1.75
symbol: INTC1517a25 2015 JAN $25 call - current bid/ask $1.64/1.66

Current Target: $26-29 zone
Current Stop loss: 21.75
Play Entered on: 09/16/13
Originally listed on the Watch List: 09/08/13


JPMorgan Chase & Co. - JPM - close: 52.80

Comments:
09/22/13: JPM has suffered a lot of negative headlines this past week over how much it pays in legal fees and how much it's going to pay in penalties in fines. The latest story is that JPM will pay regulators over $900 million in fines for the "London Whale" trading loss scandal. Yet in spite of all the bad news the stock really isn't suffering that much. JPM actually eked out a gain for the week. Yet the rally has stalled with overhead resistance near $54.00 and its simple 50-dma.

If the market were to see a stronger pullback we could see JPM retesting support near $50.00 and its simple 200-dma. Bears could argue that JPM is actually forming a bearish head-and-shoulders pattern (easiest to see on the weekly chart). A decline from current levels would be the right shoulder on an H&S pattern. Therefore I would not be in a rush to launch new positions. We might see a better (lower) entry point near $50.00 soon.

FYI: JPM is scheduled to report earnings on October 11th.

- Suggested Positions -
JUN 24, 2013 - entry price on JPM @ 50.25, option @ 1.60
symbol: JPM1418a55 2014 JAN $55 call - current bid/ask $ 1.25/1.28

- or -

JUN 24, 2013 - entry price on JPM @ 50.25, option @ 3.80
symbol: JPM1517a55 2015 JAN $55 call - current bid/ask $ 3.80/3.90

09/01/13 adjust stop loss to $48.99
07/21/13 new stop loss @ 49.65
07/14/13 new stop loss @ 48.75
Current Target: $64.00
Current Stop loss: 48.99
Play Entered on: 06/24/13
Originally listed on the Watch List: 05/25/13


MAKO Surgical Corp. - MAKO - close: 16.36

Comments:
09/22/13: MAKO shot higher last Monday and spent the rest of the week trimming those gains. The stock is back to testing short-term technical support at its 10-dma. I am not suggesting new positions at this time. More conservative investors may want to raise their stop loss.

Earlier Comments:
Our long-term target is $19.50. FYI: The point & figure chart is bullish with a $24 target.

- Suggested Positions -
SEP 04, 2013 - entry price on MAKO @ 15.66, option @ 2.20
symbol:MAKO1418a15 2014 JAN $15 call - current bid/ask $ 2.50/2.65

- or -

SEP 04, 2013 - entry price on MAKO @ 15.66, option @ 2.40
symbol:MAKO1517a20 2015 JAN $20 call - current bid/ask $ 2.45/2.75

Current Target: $19.50
Current Stop loss: 13.95
Play Entered on: 09/04/13
Originally listed on the Watch List: 09/01/13


Medivation - MDVN - close: 58.51

Comments:
09/22/13: Hmm... two down weeks in a row doesn't really bode well for our MDVN trade. The stock's attempt at a bounce didn't get very far and MDVN was accelerating lower into the closing bell on Friday. I am concerned that we could see this stock correct back toward support near $55.00. Currently our stop loss is at $54.90. More conservative investors may want to move their stop closer to $57.00 since the 50-dma is near $57.40.

I am not suggesting new positions at this time.

Earlier Comments:
Big picture MDVN has spent many months consolidating sideways below the $60 level so the breakout should signal the next leg higher for the stock. Our long-term target is $75.00 but we may have to adjust it since we're only using the 2014 calls. MDVN does have 2015s but the option spreads are too wide.

MDVN's options look a little expensive. I am suggesting smaller positions to limit our exposure.

- Suggested Positions -
SEP 06, 2013 - entry price on MDVN @ 61.00, option @ 7.80*
symbol:MDVN1418a65 2014 JAN $65 call - current bid/ask $ 5.25/6.25

*option entry price is an estimate since the option did not trade at the time our play was opened.
Current Target: $75.00
Current Stop loss: 54.90
Play Entered on: 09/06/13
Originally listed on the Watch List: 09/01/13


NetApp, Inc. - NTAP - close: 43.20

Comments:
09/22/13: NTAP was hitting new 18-month highs on Thursday and would have posted a gain for the week. Unfortunately, the stock garnered some bearish analyst comments on Friday and shares plunged -2.5% and broke down below its simple 10-dma.

It's disappointing since the intraday high on Thursday was $44.65. Our exit target for the 2014 $40 calls is $44.75. Ouch! NTAP should find support near $42.00 and its rising 50-dma.

Earlier Comments:
The target to exit our 2014 calls is $44.75. The target to exit our 2015 calls will be $49.50. FYI: NTAP's point & figure chart is bullish with a $64 target.

- Suggested *Small* Positions -
MAY 17, 2013 - entry price on NTAP @ 38.93, option @ 3.35
symbol: NTAP1418a40 2014 JAN $40 call - current bid/ask $4.35/4.45

- or -

MAY 17, 2013 - entry price on NTAP @ 38.93, option @ 5.20
symbol: NTAP1517a40 2015 JAN $40 call - current bid/ask $7.05/7.20

09/15/13 Exit strategy update:
target to exit the 2014 calls is $44.75.
target to exit the 2015 calls is $49.50.
08/11/13 new stop loss @ 39.25
08/04/13 new stop loss @ 38.75
07/21/13 new stop loss @ 36.85
05/18/13 adjust stop loss to $34.90
05/17/13 trade opens on NTAP's gap open higher at $38.93
05/16/13 NTAP met our entry requirement with a close above $37.15

Current Target: exit for 2014 calls is $44.75, exit for 2015s is $49.50
Current Stop loss: 39.25
Play Entered on: 05/17/13
Originally listed on the Watch List: 05/11/13


NVIDIA Corp. - NVDA - close: 15.80

Comments:
09/22/13: The big headline for NVDA this past week was news the company announced their own tablet PC. The Tegra Note is a 7-inch tablet that runs the Android operating system. Priced at $199 the tablet will compete with Google's Nexus 7 tablet. The news failed to have much impact on NVDA's stock. Shares struggled with resistance near the $16.00 level all week long.

Upward momentum has stalled and NVDA looks poised for a pullback. The first level of support should be $15.50. If that level fails then the $15.00 area should be much stronger support. I am raising our stop loss to $14.45. More conservative investors might want to raise their stop closer to $15.00 instead.

Earlier Comments:
Due to NVDA's recent volatility I am labeling this a more aggressive, higher-risk trade and thus suggest we use smaller positions to limit our risk. Our target to exit the 2014 calls is $18.00. Our target to exit the 2015 calls is $19.75. Currently the point & figure chart is bullish and forecasting at $23 target.

- Suggested *Small* Positions -
SEP 12, 2013 - entry price on NVDA @ 15.63, option @ 0.88
symbol: NVDA1418a16 2014 JAN $16 call - current bid/ask $0.83/0.86

- or -

SEP 12, 2013 - entry price on NVDA @ 15.63, option @ 1.54
symbol: NVDA1517a17 2015 JAN $17 call - current bid/ask $1.52/1.56

09/22/13 new stop loss @ 14.45

Current Target: exit for 2014 calls is $18.00, exit for 2015s is $19.75
Current Stop loss: 14.45
Play Entered on: 09/12/13
Originally listed on the Watch List: 08/18/13


Old Dominion Freight Line - ODFL - close: 46.12

Comments:
09/22/13: The transportation sector was one of the market's best performers last week thanks in part to a strong post-earnings rally in FedEx (FDX). Meanwhile ODFL rallied off of its Monday morning lows but closed virtually unchanged for the week. Investors may want to wait for ODFL to close above $46.50 before considering new bullish positions.

- Suggested Positions -
AUG 14, 2013 - entry price on ODFL @ 45.62, option @ 1.25
symbol: ODFL1418a50 2014 JAN $50 call - current bid/ask $0.95/1.30

09/15/13 What a difference two weeks can make.
09/01/13 conservative traders may want to cut their losses now
08/14/13 trade opens. ODFL opens at $45.62.
08/13/13 ODFL meets our entry requirement with close at $45.65
08/11/13 adjust the entry trigger. Wait for ODFL to close above $45.50 instead of $45.25.

Current Target: $54.00
Current Stop loss: 41.95
Play Entered on: 08/14/13
Originally listed on the Watch List: 07/28/13


The J. M. Smucker Company - SJM - close: 107.14

Comments:
09/22/13: I am turning cautious on our SJM trade. The stock's rebound has stalled at resistance near its 30-dma and 50-dma. The last few days have developed a bearish trend of lower highs. I suspect we are going to see SJM retest support near $105 soon. At this point I would wait for another dip to $105.00 or wait for a close above $110 as alternative entry points.

Earlier Comments:
I do expect some resistance near $115.00 but we're aiming for $119.00.

- Suggested Positions -
SEP 11, 2013 - entry price on SJM @ 108.83, option @ 2.10*
symbol: SJM1418a115 2014 JAN $115 call - current bid/ask $1.25/1.50

*option entry price is an estimate since the option did not trade at the time our play was opened.

Current Target: $119.00
Current Stop loss: 104.25
Play Entered on: 09/11/13
Originally listed on the Watch List: 09/01/13


Constellation Brands - STZ - close: 57.24

Comments:
09/22/13: STZ hit another round of new all-time highs this past week. Unfortunately the stock market's two-day pullback on Thursday and Friday coincided with STZ hitting round-number resistance at $60.00. Shares of STZ hit some profit taking and the stock has produced a bearish reversal at the $60 mark. This pullback has also created a bearish engulfing candlestick reversal pattern on STZ's weekly chart.

Broken resistance near $55.00 should be new support. I would wait for a dip to or a bounce from the $55.00 level before considering new positions. I am adjusting our stop loss to $52.45. More conservative investors may want to raise theirs higher.

FYI: STZ is scheduled to report earnings on October 3rd.

- Suggested Positions -
SEP 06, 2013 - entry price on STZ @ 57.56, option @ 2.00
symbol: STZ1418a60 2014 JAN $60 call - current bid/ask $2.00/2.15

- or -

SEP 06, 2013 - entry price on STZ @ 57.56, option @ 4.35*
symbol: STZ1517a65 2015 JAN $65 call - current bid/ask $4.20/4.80

09/22/13 new stop loss @ 52.45
09/08/13 new stop loss @ 51.75
*option entry price is an estimate since the option did not trade at the time our play was opened.

Current Target: $65-70 zone
Current Stop loss: 52.45
Play Entered on: 09/06/13
Originally listed on the Watch List: 08/25/13


Union Pacific Corp. - UNP - close: 159.55

Comments:
09/22/13: A pullback in oil prices helped fuel a strong move in the transportation stocks. The railroad specific index (DJUSRR) rallied toward its all-time highs this past week before paring its gains on Friday. Shares of UNP managed to breakthrough short-term resistance near $158 and its 50-dma.

While the move last week was positive for UNP I remain cautious here. We're not suggesting new positions.

FYI: UNP is scheduled to report earnings on October 17th.

Earlier Comments:
Our long-term target is $185.00 for the 2014 calls and $200 for the 2015 calls.

- Suggested Positions -
JUL 22, 2013 - entry price on UNP @ 163.80, option @ 3.10
symbol: UNP1418a180 2014 JAN $180 call - current bid/ask $ 0.73/0.79

- or -

JUL 22, 2013 - entry price on UNP @ 163.80, option @ 4.75
symbol: UNP1517a200 2015 JAN $200 call - current bid/ask $ 2.90/3.05

09/08/13 warning! UNP looks like the bounce is reversing!
08/18/13 adjust stop loss to $152.00.
07/22/13 trade will open.
07/19/13 UNP closed above our trigger
07/14/13 adjust entry trigger to $162.00, adjust stop loss to $153.00

Current Target:
Exit 2014 calls when UNP hits $185.00, 2015 calls @ $200
Current Stop loss: 152.00
Play Entered on: 07/22/13
Originally listed on the Watch List: 06/08/13


VeriSign, Inc. - VRSN - close: 51.70

Comments:
09/22/13: VRSN is a watch list candidate that has graduated to our active play list. Shares had been consolidating under major resistance near the $50.00 level. Our plan was to wait for shares to close above $50.50 and then buy calls the next morning. VRSN almost met that requirement on Sept. 17th with a close at $50.44. It wasn't until the next day (the 18th) that shares closed at $51.30. Our trade opened on the 19th with VRSN opening at $51.40. More nimble investors might want to try and launch new positions on a dip back into the $51.00-50.00 zone. Broken resistance near $50.00 should new support.

Earlier Comments:
Our target to exit the 2014 calls is $57.50. Our target to exit the 2015 calls is $64.50. Currently the point & figure chart is bullish with a $76 target.

- Suggested Positions -
SEP 19, 2013 - entry price on VRSN @ 51.40, option @ 1.16
symbol:VRSN1418a55 2014 JAN $55 call - current bid/ask $ 1.10/1.16

- or -

SEP 19, 2013 - entry price on VRSN @ 51.40, option @ 4.25*
symbol:VRSN1517a55 2015 JAN $55 call - current bid/ask $ 4.20/4.30

*option entry price is an estimate since the option did not trade at the time our play was opened.
09/15/13 adjust entry trigger: wait for a close over $50.50 instead of $50.25

Chart of VRSN:

Current Target:
Exit 2014 calls when VRSN hits $57.50, 2015 calls @ $64.50
Current Stop loss: 47.40
Play Entered on: 09/19/13
Originally listed on the Watch List: 08/18/13


Whole Foods Market - WFM - close: 57.85

Comments:
09/22/13: The sprint higher in WFM appears to be over. The stock posted gains 14 trading days in a row. The market's surge higher on Wednesday afternoon, after the FOMC meeting's no taper announcement, saw WFM close at $59.32. That was almost enough to hit our $59.75 target for the 2014 calls. Unfortunately the stock market's two-day pullback has produced a sharp reversal in WFM.

I suspect that we will see WFM experience more profit taking and likely pullback into the $56-55 area. Please note that I am raising our stop loss to $52.40. I am not suggesting new positions.

- Suggested Positions -
JUL 10, 2013 - entry price on WFM @ 54.53, option @ 2.10
symbol: WFM1418a60 2014 JAN $60 call - current bid/ask $ 2.14/2.19

- or -

JUL 10, 2013 - entry price on WFM @ 54.53, option @ 6.20
symbol: WFM1517a60 2015 JAN $60 call - current bid/ask $ 6.65/6.80

09/22/13 new stop loss @ 52.40

Current Target: $59.75 for the 2014 calls, $64.00 for the 2015 calls
Current Stop loss: 52.40
Play Entered on: 07/10/13
Originally listed on the Watch List: 07/07/13