Editor's Note:

Some of our LEAPS trades are starting to see some profit taking. Double check your stop loss placement.

We did see LVLT join our play list.


Closed Plays


CRUS and JDSU were stopped out.



Play Updates


American Intl. Group - AIG - close: 48.28

Comments:
11/03/13: Friday proved to be a rough day for AIG with the stock losing -6.5%, which marked AIG as the worst performing stock in the S&P 500 on Friday. The big drop was a reaction to earnings out the night before. AIG met analyst estimates with a profit of 96 cents a share yet revenues were a miss at $8.43 billion for the quarter. Management was cautious with their guidance and suggested AIG might miss some of their 2015 goals. Wall Street pundits called AIG's results "messy".

If you look at AIG's chart you'll notice that the sell-off stalled near support at its long-term trend of higher lows and its rising 100-dma. Currently we have a stop loss at $46.40. More conservative investors may want to raise their stop loss after such a sharp drop on its earnings results.

- Suggested Positions -
JUL 15, 2013 - entry price on AIG @ 46.99, option @ 2.50
symbol: AIG1418a50 2014 JAN $50 call - current bid/ask $1.12/1.16

- or -

JUL 15, 2013 - entry price on AIG @ 46.99, option @ 4.05
symbol: AIG1517a55 2015 JAN $55 call - current bid/ask $2.91/3.05

10/20/13 new stop loss @ 46.40
10/13/13 exit strategy update: exit 2014 calls at $54.50
adjust the exit target for the 2015 calls to $59.00
09/15/13 new stop loss @ 44.65
08/04/13 new stop loss @ 43.75
...please see earlier updates for more history...

Current Target:$ exit 2014 calls @ 54.50, exit 2015 calls @ 59.00
Current Stop loss: 46.40
Play Entered on: 07/15/13
Originally listed on the Watch List: 06/01/13


Bank of America - BAC - close: 14.02

Comments:
11/03/13: Financials had a down week and BAC helped lead the group lower on Thursday with a breakdown below its 100-dma. For the week BAC is off about 25 cents. If this pullback continues in the financial sector I would not be surprised to see BAC test its late September and early October lows in the $13.60-13.70 area.

I am not suggesting new positions. More conservative investors may want to raise their stop closer to the $13.50 area.

- 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 $1.17/1.18

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


E.I. du Pont - DD - close: 61.09

Comments:
11/03/13: DD spent last week slowly fading lower. By Friday's close the stock was off about -80 cents for the week. I remain bullish here but investors may want to wait for a dip closer to $60.00 before considering new bullish positions.

- Suggested Positions -
OCT 25, 2013 - entry price on DD @ 62.57, option @ 0.74
symbol: DD1418a65 2014 JAN $65 call - current bid/ask $0.42/0.44

- or -

OCT 25, 2013 - entry price on DD @ 62.57, option @ 3.15
symbol: DD1517a65 2015 JAN $65 call - current bid/ask $2.85/2.92

10/25/13 trade opens. DD gaps higher a $62.57
10/24/13 DD closed above our trigger @ 60.75
09/22/13 adjust entry: wait for a close above $60.75
instead of a close above $60.50

Current Target: DD @ 69.00
Current Stop loss: 57.90
Play Entered on: 10/25/13
Originally listed on the Watch List: 08/11/13


Dollar General Corp. - DG - close: 57.77

Comments:
11/03/13: Shares of DG retreated from round-number resistance at $60.00. Shares experienced a midweek pullback before retesting support at its rising 50-dma on Friday. There is no guarantee the pullback is over but the 50-dma has been consistent support in the past. I would be tempted to buy calls on a bounce here or you could wait for a breakout past the $60.00 level. More conservative investors might want to raise their stop closer to the $56.00 level, which should offer some additional support.

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 $1.70/1.85

- or -

SEP 06, 2013 - entry price on DG @ 57.61, option @ 3.48
symbol: DG1517a70 2015 JAN $70 call - current bid/ask $2.40/2.75

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


The Walt Disney Co. - DIS - close: 69.01

Comments:
11/03/13: DIS spent the week consolidating sideways and testing new support at the $68.00 level. Shares look poised to rally but that could depend on the company's earnings report. DIS is scheduled to report earnings on November 7th and the stock could be volatile on the 8th as traders react to the news. I would still consider new positions here but more conservative investors may want to wait until November 8th or the 11th to see how the market reacts to DIS' results before initiating positions.

- Suggested Positions -
OCT 23, 2013 - entry price on DIS @ 68.81, option @ 3.70
symbol: DIS1517a75 2015 JAN $75 call - current bid/ask $3.80/3.90

Current Target: DIS @ 84.00
Current Stop loss: 62.90
Play Entered on: 10/23/13
Originally listed on the Watch List: 10/13/13


Eastman Chemical Co. - EMN - close: 78.22

Comments:
11/03/13: Last week was relatively quiet for EMN. Shares eked out a small gain as the stock seemed to struggle with new resistance in the $79.50-80.00 zone. I am not suggesting new positions at this time.

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

- Suggested Positions -
(2014 call position closed on Oct. 21st)
JUL 18, 2013 - entry price on EMN @ 75.34, option @ 3.60*
symbol: EMN1418a80 2014 JAN $80 call - exit $4.90 (+36.1%)

- or -


JUL 18, 2013 - entry price on EMN @ 75.34, option @ 4.90*
symbol: EMN1517a90 2015 JAN $90 call - current bid/ask $ 4.70/4.90

10/21/13 planned exit for the 2014 calls. $4.90 (+36.1%)
10/20/13 prepare to exit the 2014 calls on Monday. Oct. 21st at the opening bell
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: 16.89

Comments:
11/03/13: Ford said their sales of cars and light trucks surged +14% in October. That was actually below analyst estimates of +16%. The stock continued to see profit taking that began with the failed rally at $18.00 on October 24th. Shares of Ford are down almost -4% for the week. If the stock closes below technical support at its simple 100-dma (near Friday's low of $16.76) then it could signal bigger trouble for Ford's up trend. 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 $ 2.88/2.93

10/20/13 new stop loss @ 15.65
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
...please see earlier updates for more history...

Current Target:$ 19.50
Current Stop loss: 15.65
Play Entered on: 04/29/13
Originally listed on the Watch List: 04/20/13


Fluor Corp. - FLR - close: 74.90

Comments:
11/03/13: The profit taking in FLR continued last week and shares are now down two weeks in a row. This past week FLR saw a spike in volatility as traders reacted to the company's earnings report. FLR announced on October 31st and beat bottom line estimates by two cents but missed the revenue number. Unfortunately management also lowered their 2013 guidance. I am surprised that FLR managed to post a gain on Friday considering the earnings warning. I would not be surprised to see FLR correct lower toward the $71-70 zone.

Earlier Comments:
We want to exit our 2014 calls when FLR trades at $79.00. We will plan to exit our 2015 calls when FLR trades at $88.00.

- Suggested Positions -
SEP 12, 2013 - entry price on FLR @ 67.14, option @ 2.90
symbol: FLR1418a70 2014 JAN $70 call - current bid/ask: 6.10/6.30

- or -

SEP 12, 2013 - entry price on FLR @ 67.14, option @ 5.70*
symbol: FLR1517a75 2015 JAN $75 call - current bid/ask: 8.70/ 8.90

10/31/13 FLR reported earnings and management lowered guidance
10/20/13 new stop loss @ 68.80
adjust exit targets: Target for 2014 call is $79.00
target for 2015 call is $88.00
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:$ Target for 2014 call is $79.00, Target for 2015 is $88.00
Current Stop loss: 68.80
Play Entered on: 09/12/13
Originally listed on the Watch List: 08/11/13


Halliburton Company - HAL - close: 53.23

Comments:
11/03/13: HAL managed to post gains last week thanks to a rally on Monday and Tuesday. The last few days the stock has just been drifting sideways. I don't see any big changes from my previous comments. If the market corrects lower we can watch HAL to find support near $50.00.

NOTE: We will raise the stop loss to $47.25.

- Suggested Positions -
AUG 21, 2013 - entry price on HAL @ 47.22, option @ 1.82
symbol: HAL1418a50 2014 JAN $50 call - exit @ $4.00 (+119.7%)

- or -

AUG 21, 2013 - entry price on HAL @ 47.22, option @ 4.80
symbol: HAL1517a50 2015 JAN $50 call - current bid/ask $ 7.65/7.75

11/03/13 new stop loss @ 47.25
10/20/13 new stop loss @ 45.75
10/18/13 target hit to exit our 2014 calls at $52.50
2014 Jan. $50 call exit @ $4.00 (+119.7%)
09/08/13 new stop loss @ 44.75

Current Target: $52.50 for the 2014 call, $56.00 for the 2015 call
Current Stop loss: 47.25
Play Entered on: 08/21/13
Originally listed on the Watch List: 08/18/13


Harley-Davidson - HOG - close: 64.76

Comments:
11/03/13: HOG just sat there and idled all week inside the $64-65 zone. I am concerned that if HOG breaks down below $64 and its 50-dma that it could signal a drop toward support near $60.00. I am not suggesting new positions at this time.

If you're holding the 2014 calls you may want to take some money off the table.

- Suggested Positions -
SEP 04, 2013 - entry price on HOG @ 61.01, option @ 2.36
symbol: HOG1418a65 2014 JAN $65 call - current bid/ask $ 2.36/2.41

- or -

SEP 04, 2013 - entry price on HOG @ 61.01, option @ 4.35*
symbol: HOG1517a70 2015 JAN $70 call - current bid/ask $ 4.90/5.05

10/20/13 do not be surprised to see some profit taking after HOG reports earnings on Oct. 22nd.
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: 86.91

Comments:
11/03/13: Shares of HON also delivered a quiet week with the stock churning sideways inside the $86.50-88.00 zone. Wednesday's session looks like a bearish reversal pattern but there has not been any follow through lower. I would not be surprised to see a pullback toward $85.00.

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 $ 8.05/8.20

10/20/13 new stop loss @ 79.40
10/13/13 investors might want to take profits on our 2015 calls, which have doubled in value.
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: 79.40
Play Entered on: 05/07/13
Originally listed on the Watch List: 05/04/13



Intel Corp. - INTC - close: 24.33

Comments:
11/03/13: INTC tagged new four-month highs last week. Yet the rally stalled about Wednesday. The stock should find some short-term support near $24.00. If the $24 level fails then the $23.50-23.00 zone should also offer some support.

- Suggested Positions -
SEP 16, 2013 - entry price on INTC @ 23.63, option @ 0.93
symbol: INTC1418a24 2014 JAN $24 call - current bid/ask $0.93/0.95

- or -

SEP 16, 2013 - entry price on INTC @ 23.63, option @ 1.75
symbol: INTC1517a25 2015 JAN $25 call - current bid/ask $1.64/1.68

10/27/13 new stop loss @ 22.40

Current Target: $26-29 zone
Current Stop loss: 22.40
Play Entered on: 09/16/13
Originally listed on the Watch List: 09/08/13


JPMorgan Chase & Co. - JPM - close: 52.24

Comments:
11/03/13: The financial sector posted a loss for the week but JPM was trying to reverse that with a bounce on Friday. New headlines that JPM and Citigroup are facing new federal investigations into their international operations failed to deter buy-the-dip investors on Friday. Shares of JPM rebounded +1.8% after testing technical support at their rising 200-dma. I am not suggesting new positions at this time.

- Suggested Positions -
JUN 24, 2013 - entry price on JPM @ 50.25, option @ 1.60
symbol: JPM1418a55 2014 JAN $55 call - current bid/ask $ 0.82/0.84

- or -

JUN 24, 2013 - entry price on JPM @ 50.25, option @ 3.80
symbol: JPM1517a55 2015 JAN $55 call - current bid/ask $ 3.45/3.55

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


Level 3 Communications - LVLT - close: 30.02

Comments:
11/03/13: LVLT is a watch list candidate that has graduated to our play list. Shares were a big outperformer with the stock gaining more than +11% for the week. The big move higher was a reaction to earnings. Analysts were expecting LVLT to post a loss of 14 cents for the third quarter. LVLT surprised the market with a loss of just 9 cents a share. That's down from a loss of 76 cents a share a year ago. Combine these figures with growth in LVLT's core network services business and shorts rushed to cover their positions.

Our plan was to wait for LVLT to close above $29.00, which happened on October 30th with a close at $29.46. Our trade opened the next day on October 31st at $29.39.

- Suggested Positions -
OCT 31, 2013 - entry price on LVLT @ 29.39, option @ 4.40*
symbol:LVLT1517a30 2015 JAN $30 call - current bid/ask $ 4.40/4.80

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

Chart of LVLT:
Current Target: $39.00
Current Stop loss: 25.75
Play Entered on: 10/31/13
Originally listed on the Watch List: 10/20/13


National Oilwell Varco - NOV - close: 80.83

Comments:
11/03/13: NOV hit some profit taking last week. After a four-day decline traders did buy the dip on Friday near round-number support at the $80.00 level. Investors could use Friday's intraday bounce as a new bullish entry point to launch positions.

Earlier Comments:
FYI: NOV is planning a spinoff of its oilfield production equipment business by late 2014. We will likely exit positions prior to the spinoff.

- Suggested Positions -
OCT 17, 2013 - entry price on NOV @ 81.00, option @ 5.00
symbol: NOV1517a90 2015 JAN $90 call - current bid/ask $ 4.60/4.75

Current Target: $89.75
Current Stop loss: 76.75
Play Entered on: 10/17/13
Originally listed on the Watch List: 10/13/13


NVIDIA Corp. - NVDA - close: 15.26

Comments:
11/03/13: NVDA closed almost unchanged for the week. Shares drifted sideways as investors wait for the earnings report. The company is scheduled to announce earnings on November 7th, after the closing bell. That means NVDA could be exceptionally volatile on the 8th as the market reacts to the news. I am not suggesting new positions prior to earnings.

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 $0.42/0.44

- or -

SEP 12, 2013 - entry price on NVDA @ 15.63, option @ 1.54
symbol: NVDA1517a17 2015 JAN $17 call - current bid/ask $1.11/1.19

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: 46.91

Comments:
11/03/13: ODFL seems to be underperforming the Dow Jones Transportation index. Both saw some profit taking on Wednesday and Thursday and both bounced on Friday. Yet ODFL's bounce on Friday couldn't be any smaller. The stock did retest its trend of higher lows on Thursday before paring its losses. In spite of all the intraday volatility the larger trend is still up but I am not suggesting new positions.

- Suggested Positions -
AUG 14, 2013 - entry price on ODFL @ 45.62, option @ 1.25
symbol: ODFL1418a50 2014 JAN $50 call - current bid/ask $0.75/0.90

10/27/13 new stop loss @ 44.75
10/20/13 new stop loss @ 43.75
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: 44.75
Play Entered on: 08/14/13
Originally listed on the Watch List: 07/28/13


Constellation Brands - STZ - close: 65.60

Comments:
11/03/13: STZ continues to show relative strength. Investors bought the dip and shares hit new record highs. The simple 10-dma has been acting as short-term support. More conservative investors may want to raise their stop loss.

- Suggested Positions -
SEP 06, 2013 - entry price on STZ @ 57.56, option @ 2.00
symbol: STZ1418a60 2014 JAN $60 call - exit $5.55 (+177.5%)

- or -

SEP 06, 2013 - entry price on STZ @ 57.56, option @ 4.35*
symbol: STZ1517a65 2015 JAN $65 call - current bid/ask $8.40/8.70

10/27/13 new stop loss @ 59.00
10/17/13 target hit @ 64.00 to exit the 2014 calls
2014 January $60 call exit @ $5.55 (+177.5%)
10/13/13 new stop loss @ 55.90
10/06/13 new stop loss @ 54.90
adjust exit target to 64.00 for the 2014 calls
adjust exit target to 69.00 for the 2015 calls
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: Exit 2014 calls @ 64.00, exit 2015 calls @ 69.00
Current Stop loss: 59.00
Play Entered on: 09/06/13
Originally listed on the Watch List: 08/25/13


VeriSign, Inc. - VRSN - close: 54.19

Comments:
11/03/13: VRSN managed to eke out another gain for the week putting its winning streak at three weeks in a row. Shares still appear to have some short-term resistance near $55.00. If the market sees any serious pullback I would expect VRSN to retreat toward support near $52.00. Tonight we will raise our stop loss to $48.40.

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 $ 1.60/1.64

- or -

SEP 19, 2013 - entry price on VRSN @ 51.40, option @ 4.25*
symbol:VRSN1517a55 2015 JAN $55 call - current bid/ask $ 5.40/5.60

11/03/13 new stop loss @ 48.40
*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: 48.40
Play Entered on: 09/19/13
Originally listed on the Watch List: 08/18/13


Whole Foods Market - WFM - close: 63.30

Comments:
11/03/13: Profit taking shaved off about two points from WFM last week. The stock was due for a pullback after a multi-week rally. The profit taking may not be over yet. WFM is due to report earnings on November 6th, after the closing bell. Traders could use the earnings news as an excuse to sell. Look for support near $60.00.

- Suggested Positions -
(2014 calls closed on Oct. 2nd @ 59.75 target)
JUL 10, 2013 - entry price on WFM @ 54.53, option @ 2.10
symbol: WFM1418a60 2014 JAN $60 call - exit $2.85 (+35.7%)

- or -

JUL 10, 2013 - entry price on WFM @ 54.53, option @ 6.20
symbol: WFM1517a60 2015 JAN $60 call - current bid/ask $ 9.40/ 9.55

10/27/13 new stop loss @ 59.00
10/20/13 new stop loss @ 57.40
10/13/13 new stop loss @ 55.75,
adjust exit target for 2015 calls to $69.00
10/06/13 new stop loss @ 53.85
10/02/13 correction: WFM hit our $59.75 exit target for the 2014 calls.
exit 2014 Jan. $60 call @ 09/22/13 new stop loss @ 52.40

Current Target: $59.75 for the 2014 calls, $69.00 for the 2015 calls
Current Stop loss: 59.00
Play Entered on: 07/10/13
Originally listed on the Watch List: 07/07/13


CLOSED Plays


Cirrus Logic - CRUS - close: 22.40

Comments:
11/03/13: It was a painful week for CRUS. The stock plunged -14% on Wednesday as the market reacted to its earnings out the night before. Shares sliced through multiple layers of support. Our stop loss was hit at $22.40. I had cautioned readers that CRUS could be volatile following its earnings report but the sharp sell-off was worse than expected.

Believe it or not but CRUS' earnings report was actually bullish with the company beating Wall Street's top and bottom line estimates. Yet a couple of analysts issued cautious comments and suggested that AAPL was too much of CRUS' business and posed a potential risk. Several other analysts came out and defended CRUS but it was too late for us. Our trade was already stopped out.

- Suggested Positions -
OCT 21, 2013 - entry price on CRUS @ 22.50, option @ 4.15
symbol: CRUS1517a30 2015 JAN $30 call - exit $3.00 (-27.7%)

10/30/13 stopped out on -13.75% plunge lower, stop was 22.40
10/29/13 CRUS reports earnings after the closing bell
*option entry price is an estimate since the option did not trade at the time our play was opened.

Chart of CRUS:

Current Target: CRUS @ 32.50
Current Stop loss: 22.40
Play Entered on: 10/21/13
Originally listed on the Watch List: 10/20/13


JDS Uniphase - JDSU - close: 13.00

Comments:
11/03/13: Ouch! It was a terrible week for JDSU. The company reported earnings and management guided lower. Shares of JDSU fell -11% on the 31st in reaction to the earnings warning. Shares continued to slip on Friday pushing its loss for the week toward -15%. Our stop loss was $14.40 but the gap down on Thursday immediately stopped out trade. It would appear that the rally and bullish breakout above resistance in mid October was a bull-trap pattern.

- Suggested Positions -
OCT 22, 2013 - entry price on JDSU @ 16.36, option @ 1.62*
symbol: JDSU1517a20 2015 JAN $20 call - exit $0.53 (-67.2%)

10/31/13 stopped out on gap down at $13.84
10/22/13 trade opens. JDSU @ 16.36
10/21/13 JDSU graduates from our watch list, closing above $15.75
*option entry price is an estimate since the option did not trade at the time our play was opened.

Chart of JDSU:

Current Target: $20 zone
Current Stop loss: 14.40
Play Entered on: 10/22/13
Originally listed on the Watch List: 10/20/13