Editor's Note:

Investors may want to double-check their stop loss placement. The next couple of weeks could be challenging for the stock market due to the political battle in Washington over the budget and the debt ceiling.


Closed Plays


MAKO exceeded our exit target.



Play Updates


American Intl. Group - AIG - close: 49.15

Comments:
09/29/13: Financials had a down week but selling pressure in AIG was mild. The stock churned sideways inside the $49-50 zone. The short-term trend does look down and I would expect a dip toward $48 and its 50-dma. It the market really accelerates lower we could see AIG fall toward $46 or its 100-dma.

- Suggested Positions -
JUL 15, 2013 - entry price on AIG @ 46.99, option @ 2.50
symbol: AIG1418a50 2014 JAN $50 call - current bid/ask $2.23/2.26

- or -

JUL 15, 2013 - entry price on AIG @ 46.99, option @ 4.05
symbol: AIG1517a55 2015 JAN $55 call - current bid/ask $3.55/3.70

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: 13.90

Comments:
09/29/13: Many of the big banks struggled this past week as analysts voiced concerns over their trading revenues for the third quarter. BAC wasn't singled out but shares broke down anyway. BAC spent most of the week testing support near $14.00. Friday's decline (-1.2%) is technically a breakdown below support at $14.00 and does not bode well for the bulls. Currently BAC is hovering just above its 100-dma. Unfortunately, my market bias is bearish for the next couple of weeks and we could see BAC slip toward its 150-dma near $13.30 or even its 200-dma, which is approaching $13.00.

Currently our stop loss is at $12.75. More conservative investors may want to raise their stop loss. I am not suggesting new positions at this time.

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

- 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 $1.34/1.35

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: 65.20

Comments:
09/29/13: DECK was a standout performer for the bulls last week. An analyst upgrade helped boost the stock higher. Shares advanced +7.3% by Friday's closing bell and hit new one-year highs. Broken resistance near $62 and $60 should be new levels of support.

I am adjusting our stop loss to $57.40.

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 $5.60/5.90

- or -

SEP 05, 2013 - entry price on DECK @ 61.47, option @ 8.15*
symbol: DECK1517a70 2015 JAN $70 call - current bid/ask $9.40/9.90

09/29/13 new stop loss @ 57.40
*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: 57.40
Play Entered on: 09/05/13
Originally listed on the Watch List: 08/25/13


Dollar General Corp. - DG - close: 56.59

Comments:
09/29/13: DG gave up just over a dollar for the week. Some of the retailers sold off in reaction to news that Wal-mart might be seeing a build up in its inventories. Previously I cautioned investors that we might see DG dip back toward the $55.00 level, which should be support. I still think there is a good possibly that DG will hit $55.00. I would wait for the dip or a bounce near the $55 level before considering new positions.

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 $2.20/2.35

- 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: 77.70

Comments:
09/29/13: EMN reduced its weekly loss to less than a dollar thanks to a bounce on Thursday. The stock really hasn't done much this month and if the market retreats over the next two weeks I fear this play could be stopped out.

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 $ 3.20/3.40

- or -

JUL 18, 2013 - entry price on EMN @ 75.34, option @ 4.90*
symbol: EMN1517a90 2015 JAN $90 call - current bid/ask $ 4.90/5.20

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: 17.05

Comments:
09/29/13: Last week's decline ended a three-week winning streak for Ford. Shares gave up -1.9% by Friday's closing bell. Traders bought the dip near $17.00 on Monday and F was retesting this level by Friday afternoon. If the stock breaks down here the next support level should be near $16 and its 100-dma.

NOTE: national auto and truck sales data comes out this week.

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 $ 3.10/3.15

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: 71.05

Comments:
09/29/13: After a big three-week rally FLR hit some profit taking. Yet the pullback was pretty mild with FLR down less than a dollar for the week. If FLR breaks below the $70 level the next support area should be in the $67 area.

- Suggested Positions -
SEP 12, 2013 - entry price on FLR @ 67.14, option @ 2.90
symbol: FLR1418a70 2014 JAN $70 call - current bid/ask: 4.50/4.70

- or -

SEP 12, 2013 - entry price on FLR @ 67.14, option @ 5.70*
symbol: FLR1517a75 2015 JAN $75 call - current bid/ask: 7.10/7.30

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: 48.39

Comments:
09/29/13: Profit taking in shares of HAL continued for a second week in a row. Losses were actually pretty mild. Shares are testing short-term support near $48 now. The 50-dma near $47.50 could also help but if that level breaks then we'll likely see HAL pullback toward the $45.00 level. Currently our stop loss is at $44.75. A bounce from $45.00 could be used as a new bullish entry point to buy calls.

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 $ 1.93/1.96

- or -

AUG 21, 2013 - entry price on HAL @ 47.22, option @ 4.80
symbol: HAL1517a50 2015 JAN $50 call - current bid/ask $ 5.35/5.45

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: 64.65

Comments:
09/29/13: If Wall Street has any concerns about consumer spending it's not showing up in shares of HOG. The stock eked out another gain for the week making it six weeks in a row. Shares are consolidating sideways under resistance near $65.00. The stock looks poised to breakout but that probably depends on if the market drops on the budget battle in Washington.

FYI: HOG is scheduled to report earnings on October 22nd.

- Suggested Positions -
SEP 04, 2013 - entry price on HOG @ 61.01, option @ 2.36
symbol: HOG1418a65 2014 JAN $65 call - current bid/ask $ 3.15/3.25

- or -

SEP 04, 2013 - entry price on HOG @ 61.01, option @ 4.35*
symbol: HOG1517a70 2015 JAN $70 call - current bid/ask $ 5.25/5.45

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: 83.58

Comments:
09/29/13: I warned readers last weekend that shares of HON appeared to have reversed. The stock gave up about $2.00 for the week and is now testing its 50-dma. If the pullback continues I would expect a dip toward its 100-dma near $81.00.

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 $ 6.65/6.75

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: 22.98

Comments:
09/29/13: INTC was holding up reasonably well, hovering above technical support at its 100-dma, until a sudden sell-off on Thursday and Friday. The stock lost -3.3% for the week. I have been cautioning readers to wait for a dip near $23.00 before considering new positions. Well now we have the dip! Considering the potential for further market declines between now and whenever politicians in Washington get a budget deal done it might pay off to take a step back and wait before initiating new positions in INTC.

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 $0.62/0.63

- or -

SEP 16, 2013 - entry price on INTC @ 23.63, option @ 1.75
symbol: INTC1517a25 2015 JAN $25 call - current bid/ask $1.30/1.34

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: 52.24

Comments:
09/29/13: It was a rocky week for JPM. I warned readers that we could see JPM test support near $50.00 and its 200-dma. Another week of negative headlines did push the stock lower. There seems to be a never ending stream of news regarding the billions and billions of fees and penalties that JPM is negotiating to pay to regulators and authorities for a number of legal cases and scandals.

Fortunately, traders did buy the dip at support and JPM pared its losses for the week to less than a dollar. I will point out that bears could argue JPM has created a bearish head-and-shoulders pattern with the neckline (support) at the $50 level. A breakdown under $50.00 would suggest a correction lower toward the $44-43 area.

We need to remember that JPM is a massive bank with $95 billion a year in revenues and over $22 billion a year in net profits. They can survive some pretty steep penalties with the government. I remain long-term bullish but I would hesitate to launch new positions at this time.

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 $ 1.08/1.11

- or -

JUN 24, 2013 - entry price on JPM @ 50.25, option @ 3.80
symbol: JPM1517a55 2015 JAN $55 call - current bid/ask $ 3.50/3.60

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


CarMax Inc. - KMX - close: 49.22

Comments:
09/29/13: It was a bumpy week for KMX. This stock was on our watch list and the plan was to buy calls if KMX dipped to $50.00. Shares hit $50.00 on Tuesday, Sept. 23rd. The very next day the stock gapped open higher and hit a new all-time high following a better than expected earnings report. Wall Street was expecting a net profit of 56 cents a share on revenues of $3.16 billion. KMX beat estimates with a profit of 62 cents on revenues of $3.25 billion. Total sales for the company surged +21%. Unfortunately the very next day the stock reversed lower thanks to a downgrade by a Goldman Sachs analyst who voiced concerns that KMX could see a tighter credit environment in 2014 that might impact its earnings growth. Share continued to slip on Thursday and by Friday's closing bell the stock was down -3.8% for the week and testing its 50-dma.

Nimble investors might want to consider buying calls on a dip near $48.00 and its 100-dma. I am suggesting readers wait for KMX to close above $50.25 before initiating new bullish positions.

- Suggested Positions -
SEP 23, 2013 - entry price on KMX @ 50.00, option @ 1.40
symbol: KMX1418a55 2014 JAN $55 call - current bid/ask $ 0.85/0.95

09/23/13 KMX hit our buy-the-dip entry at $50.00

Chart of KMX:
Current Target: $59.00
Current Stop loss: 46.40
Play Entered on: 09/23/13
Originally listed on the Watch List: 09/08/13


Medivation - MDVN - close: 59.55

Comments:
09/29/13: Good news! MDVN found support near $57.00 midweek. The stock managed a rebound and closed up about a dollar for the week by Friday's closing bell. I would be tempted to launch positions on a rise above $60.50 but the September high was $61.46 and more conservative investors may want to wait for a rally or a close above $61.50 before initiating new positions.

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 $ 5.55/6.20

*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: 42.58

Comments:
09/29/13: NTAP gapped down on Tuesday in reaction to an analyst downgrade. Yet there was no follow through lower. Shares remain in a longer-term up trend but after a two-week decline NTAP's momentum is now in question. The stock should find support near $42.00. If the $42 level breaks then the next support level is $40.00. More conservative traders may want to abandon their 2014 calls if NTAP closes below $42.00.

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 $3.85/3.95

- or -

MAY 17, 2013 - entry price on NTAP @ 38.93, option @ 5.20
symbol: NTAP1517a40 2015 JAN $40 call - current bid/ask $6.60/6.80

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: 15.58

Comments:
09/29/13: The stock market's pullback last week weighed on NVDA. Shares fell toward short-term support near $15.50. If the correction continues we will likely see NVDA testing round-number support near $15.00. I am suggesting investors wait for a dip or better yet a bounce from the $15.00 level before considering new bullish positions in NVDA.

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 $0.74/0.76

- or -

SEP 12, 2013 - entry price on NVDA @ 15.63, option @ 1.54
symbol: NVDA1517a17 2015 JAN $17 call - current bid/ask $1.41/1.46

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: 45.31

Comments:
09/29/13: ODFL delivered a relatively quiet week. On a short-term basis the stock is building a bearish pattern of lower highs. I would expect a dip toward $44.00 and its 100-dma if the market continues to slip lower. More conservative investors might want to consider a stop loss closer to the $43.00 area. I am not suggesting new positions at this time.

- Suggested Positions -
AUG 14, 2013 - entry price on ODFL @ 45.62, option @ 1.25
symbol: ODFL1418a50 2014 JAN $50 call - current bid/ask $0.75/1.20

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: 104.79

Comments:
09/29/13: Our SJM trade is in trouble. The stock underperformed the broader market with a -2.1% decline for the week. Shares broke down below their 100-dma and closed below what should have been round-number support at the $105 level. Friday's intraday low was $104.37. If there is any follow through lower on Monday we will likely see SJM hit our stop loss at $104.25. I am not suggesting new positions at this time.

- Suggested Positions -
SEP 11, 2013 - entry price on SJM @ 108.83, option @ 2.10*
symbol: SJM1418a115 2014 JAN $115 call - current bid/ask $0.70/1.00

09/29/13 SJM looks poised to hit our stop loss at $104.25 soon.
*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: 56.98

Comments:
09/29/13: It was a boring week for STZ. The stock churned sideways under new resistance near the $58.00 level. Profit taking for the week amounted to a little more than a quarter. Shares are likely to continue drifting sideways until STZ reports earnings on October 3rd. The results come out before the opening bell and analysts are expecting a profit of 88 cents a share.

I am not suggesting new positions ahead of the earnings report. We will adjust our stop loss to $52.90. More conservative traders may want to raise their stop even higher or exit their 2014 calls prior to the earnings announcement.

- Suggested Positions -
SEP 06, 2013 - entry price on STZ @ 57.56, option @ 2.00
symbol: STZ1418a60 2014 JAN $60 call - current bid/ask $1.95/2.10

- or -

SEP 06, 2013 - entry price on STZ @ 57.56, option @ 4.35*
symbol: STZ1517a65 2015 JAN $65 call - current bid/ask $4.10/4.50

09/29/13 new stop loss @ 52.90
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: 52.90
Play Entered on: 09/06/13
Originally listed on the Watch List: 08/25/13


Union Pacific Corp. - UNP - close: 156.59

Comments:
09/29/13: I am growing concerned with the railroad stocks. The DJUSRR railroad index reversed at resistance near 1100 on September 20th and now after last week's pullback it is starting to look like a triple top. Meanwhile UNP's pullback last week is starting to look like the right shoulder on a bearish head-and-shoulders pattern.

I am not suggesting new positions and more conservative traders want to raise their stops or exit their 2014 calls.

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 $ 0.44/0.50

- or -

JUL 22, 2013 - entry price on UNP @ 163.80, option @ 4.75
symbol: UNP1517a200 2015 JAN $200 call - current bid/ask $ 2.32/2.45

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: 51.18

Comments:
09/29/13: VRSN's rally stalled last week with shares consolidating sideways inside the $51-52 zone. If the broader market continues to slip lower I would expect VRSN to dip toward stronger support near $50.00. Investors could use a rebound off the $50.00 level as a new bullish entry point.

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 $ 0.94/0.98

- or -

SEP 19, 2013 - entry price on VRSN @ 51.40, option @ 4.25*
symbol:VRSN1517a55 2015 JAN $55 call - current bid/ask $ 4.00/4.10

*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

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: 58.33

Comments:
09/29/13: WFM also produced a quiet week. Shares consolidating sideways along the $58.00 level. News of an analyst upgrade and a new $70 price target failed to have much impact on the share price.

Big picture we're bullish but short-term, given my broader concerns for the market and how the political battle in Washington might affect stocks, I am worried we could see WFM dip back toward the $56-55 zone.

Investors may want to consider raising their stop loss. 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 $ 2.27/2.33

- or -

JUL 10, 2013 - entry price on WFM @ 54.53, option @ 6.20
symbol: WFM1517a60 2015 JAN $60 call - current bid/ask $ 6.70/6.90

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


CLOSED Plays


MAKO Surgical Corp. - MAKO - close: 29.48

Comments:
09/29/13: MAKO has exceeded our target!

We hit the jackpot with MAKO surging +80% for the week after news surfaced on Wednesday morning that Stryker (SYK) would acquire MAKO for $30.00 a share (approximately $1.65 billion). The stock gapped open higher at $29.49, closing our play since our target was only $19.50.

The 2014 January $15 call gapped open at $14.50 and the 2015 January $20 call gapped open at $9.50.

- Suggested Positions -
SEP 04, 2013 - entry price on MAKO @ 15.66, option @ 2.20
symbol:MAKO1418a15 2014 JAN $15 call - exit $14.40 (+554.5%)

- or -

SEP 04, 2013 - entry price on MAKO @ 15.66, option @ 2.40
symbol:MAKO1517a20 2015 JAN $20 call - exit $9.30 (+287.5%)

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