Editor's Note:

Shares of Flour (FLR), Halliburton (HAL), and Constellation Brands (STZ) hit our bullish exit targets. FLR only hit the exit target for our 2014 calls.

I have updated a number of stop losses tonight.

Plus, we've seen three stocks graduate from our watch list to our active play list.


Closed Plays


HAL and STZ hit our exit targets.



Play Updates


American Intl. Group - AIG - close: 49.30

Comments:
11/17/13: AIG managed a gain for the week but shares remain below likely short-term resistance at its 50-dma and the $50.00 mark. I am not suggesting new positions at this time. More conservative investors might want to adjust their stop toward the recent low at $47.11.

- Suggested Positions -
JUL 15, 2013 - entry price on AIG @ 46.99, option @ 2.50
symbol: AIG1418a50 2014 JAN $50 call - current bid/ask $1.31/1.35

- or -

JUL 15, 2013 - entry price on AIG @ 46.99, option @ 4.05
symbol: AIG1517a55 2015 JAN $55 call - current bid/ask $3.20/3.35

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


Avago Technologies - AVGO - close: 44.61

Comments:
11/17/13: It's been a volatile week for shares of AVGO. We had this stock on our watch list a couple of weeks ago. Shares came super close to hitting our buy-the-dip trigger at $43.00. We decided to promote AVGO to an active play last weekend. Unfortunately since then the bounce has reversed. Something happened on Wednesday night or Thursday morning that sparked a steep sell-off on Thursday. I can't seem to find any news to account for the sharp drop where AVGO plunged to close below its 50-dma. Thankfully AVGO produced a pretty hefty bounce on Friday (+3.8%) but I am still not seeing a lot of news behind these moves. For the moment AVGO is still trading in a bull-flag type of consolidation pattern of lower highs and lower lows. Traders may want to wait for a close above $45.50 before considering new positions. More conservative investors might want to wait until after we see AVGO's earnings report on December 4th before considering new positions.

- Suggested Positions -
NOV 11, 2013 - entry price on AVGO @ 44.44, option @ 3.60
symbol: AVGO1517a50 2015 JAN $50 call - current bid/ask $3.30/3.70

11/11/13 trade opens.
11/10/13 promoted from watch list to new play.
11/03/13 adjust trigger to $43.00
10/27/13 removed the 2014 call
10/20/13 adjust the buy-the-dip trigger to $43.50
adjust the stop loss to $39.40 & adjust the option strikes
adjust the 2014 exit target to $49.50
adjust the 2015 exit target to $54.00
10/13/13 adjust the buy-the-dip trigger from $40.00 to $40.50

Current Target: $55.00
Current Stop loss: 39.40
Play Entered on: 11/11/13
Originally listed on the Watch List: 09/22/13


Bank of America - BAC - close: 14.92

Comments:
11/17/13: It was a good week for the financials and shares of BAC were showing relative strength with a +4.1% gain for the week. The stock is up five out of the last six sessions. Shares are nearing significant resistance at the $15.00 mark.

I am raising our stop loss to $13.35.

- 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 $1.68/1.70

11/17/13 new stop loss @ 13.35
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: 13.35
Play Entered on: 03/18/13

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


E.I. du Pont - DD - close: 62.11

Comments:
11/17/13: DD went ex-dividend on November 13th, which helps explain the gap down. Traders bought the dip and shares bounced back toward their recent highs. I don't see any changes from my earlier comments.

- Suggested Positions -
OCT 25, 2013 - entry price on DD @ 62.57, option @ 0.74
symbol: DD1418a65 2014 JAN $65 call - current bid/ask $0.58/0.61

- or -

OCT 25, 2013 - entry price on DD @ 62.57, option @ 3.15
symbol: DD1517a65 2015 JAN $65 call - current bid/ask $3.45/3.55

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: 59.26

Comments:
11/17/13: The discount retailers like DG were consistently showing strength last week. This stock is quickly approaching its recent highs and likely resistance near the $60.00 level. I am not suggesting new positions at this time. We will raise our stop loss to $54.75.

Investors should note that DG is scheduled to report earnings on December 5th.

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 $2.30/2.45

- or -

SEP 06, 2013 - entry price on DG @ 57.61, option @ 3.48
symbol: DG1517a70 2015 JAN $70 call - current bid/ask $3.10/3.30

11/17/13 new stop loss @ 54.75
09/22/13 new stop loss @ 53.60

Current Target: 64.00 for the 2014s, 69.00 for the 2015s
Current Stop loss: 54.75
Play Entered on: 09/06/13
Originally listed on the Watch List: 08/04/13


The Walt Disney Co. - DIS - close: 70.00

Comments:
11/17/13: Great news! The post-earnings bounce continues and DIS has rallied to a new all-time high. Shares are testing round-number resistance near the $70.00 level. I would be tempted to launch new positions now or more conservative investors could wait for DIS to close above the $70.25 level as an alternative entry point.

- Suggested Positions -
OCT 23, 2013 - entry price on DIS @ 68.81, option @ 3.70
symbol: DIS1517a75 2015 JAN $75 call - current bid/ask $4.05/4.10

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


Dick's Sporting Goods - DKS - close: 55.83

Comments:
11/17/13: DKS is a watch list candidate that has graduated to our active play list. The stock has been consolidating sideways in the $45-55 zone for almost two years. Our plan was to wait for shares to breakout past resistance and close above $54.50 and then buy calls the next day. DKS closed at $54.86 on November 11th. Our trade opened the next day at $54.73. I would still consider new positions now or nimble traders could wait and try to buy dips in the $54.00-55.00 zone.

It's important to note that more conservative investors might want to wait until after we see how the market interprets DKS' upcoming earnings report due out on November 19th before initiating new positions.

Our long-term target is $65.00. More aggressive traders could aim higher. The point & figure chart is already bullish and forecasting at $71 target.

- Suggested Positions -
NOV 12, 2013 - entry price on DKS @ 54.73, option @ 4.00*
symbol: DKS1517a60 2015 JAN $60 call - current bid/ask $4.30/4.50

11/12/13 trade opens. DKS opens at $54.73
*option entry price is an estimate since the option did not trade at the time our play was opened.
11/11/13 closed about our suggested entry trigger (above 54.50)
10/27/13 removed the 2014 call.

Chart of DKS:

Current Target: DKS @ 65.00
Current Stop loss: 49.95
Play Entered on: 11/12/13
Originally listed on the Watch List: 10/06/13


Eastman Chemical Co. - EMN - close: 78.71

Comments:
11/17/13: It was a disappointing week for EMN. The major indices are breaking out to new highs and yet EMN can't seem to breakout past resistance at the $80.00 level. I find last week's action to be a potential warning signal. 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 $ 4.60/4.80

11/17/13 the action this past week is worrisome!
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: 17.07

Comments:
11/17/13: After a two-week pullback shares of Ford are trying to bounce. The stock struggled with short-term resistance near $17.20 and its 50-dma this past week. More conservative investors may want to raise their stop loss. 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 $ 3.00/3.05

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


Freeport-McMoRan - FCX - close: 36.58

Comments:
11/17/13: Bingo! Thus far shares of FCX are following our script perfectly. We wanted to catch a dip near what should be support at $35.00. FCX hit our buy-the-dip entry point trigger at $35.25 on November 13th and immediately bounced. The rebound is no three days old and FCX appears to be trading in a bull-flag shaped consolidation pattern. If you missed our entry point I would be tempted to buy dips near $36.00.

- Suggested Positions -
NOV 13, 2013 - entry price on FCX @ 35.25, option @ 2.60*
symbol: FCX1517a39 2015 JAN $39 call - current bid/ask $3.05/3.15

11/13/13 FCX hits our buy-the-dip entry point at $35.25
*option entry price is an estimate since the option did not trade at the time our play was opened.
10/27/13 strategy update: removed the 2014 calls
adjust the buy-the-dip trigger to $35.25 and the stop to $32.25.
adjust the option strike to the 2015 Jan $39 call

Chart of FCX:

Current Target:$ 42.50
Current Stop loss: 32.25
Play Entered on: 11/13/13
Originally listed on the Watch List: 09/15/13


Fluor Corp. - FLR - close: 79.36

Comments:
11/17/13: Target hit!

FLR produced a big rally on Wednesday and broke through resistance near the $78.00 level. The stock ended the week at new multi-year highs. The next challenge is potential round-number resistance at $80.00.

Our target to exit the 2014 Jan. $70 calls was hit at $79.00 on November 13th.

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 - exit $9.30 (+220.6%)

- or -

SEP 12, 2013 - entry price on FLR @ 67.14, option @ 5.70*
symbol: FLR1517a75 2015 JAN $75 call - current bid/ask: 11.30/11.50

11/13/13 exit target hit for 2014 Jan. $70 calls
11/10/13 new stop loss @ 71.40
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.

Chart of FLR:

Current Target:$ Target for 2014 call is $79.00, Target for 2015 is $88.00
Current Stop loss: 71.40
Play Entered on: 09/12/13
Originally listed on the Watch List: 08/11/13


Harley-Davidson - HOG - close: 66.72

Comments:
11/17/13: HOG shares revved higher last week. After a three-week consolidation the stock suddenly came alive and ended the week at new multi-year highs. I am raising our stop loss up to $61.45. 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.

NOTE: I am adjusting our exit target for the 2015 calls to $74.50. We will still plan to exit our 2014 calls when HOG hits $69.00.

- 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 $ 5.65/5.80

11/17/13 new stop loss @ 61.45
adjust the exit target for 2015 calls to $74.50
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: exit 2014 calls @ 69.00, exit 2015 calls @ 74.50
Current Stop loss: 61.45
Play Entered on: 09/04/13
Originally listed on the Watch List: 08/25/13


Honeywell Intl. - HON - close: 88.62

Comments:
11/17/13: HON displayed some strength midweek and broke out past resistance near the $88 level. I am raising our stop loss to $82.75. Investors may want to take note that HON will begin trading ex-dividend on November 19th. The quarterly cash dividend should be 45 cents.

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 $ 8.90/9.05

11/17/13 new stop loss @ 82.75
11/10/13 new stop loss @ 81.75
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: 82.75
Play Entered on: 05/07/13
Originally listed on the Watch List: 05/04/13



Intel Corp. - INTC - close: 24.52

Comments:
11/17/13: INTC spent most of last week rebounding. Shares are poised to test and likely breakout past its late October highs near $24.70 soon. I am not suggesting new positions at this time.

- Suggested Positions -
SEP 16, 2013 - entry price on INTC @ 23.63, option @ 0.93
symbol: INTC1418a24 2014 JAN $24 call - current bid/ask $1.12/1.14

- or -

SEP 16, 2013 - entry price on INTC @ 23.63, option @ 1.75
symbol: INTC1517a25 2015 JAN $25 call - current bid/ask $1.85/1.88

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: 54.87

Comments:
11/17/13: The financial sector is in rally mode. The bounce in JPM continues, which helped push the sector higher. The latest headlines for this titanic bank involved a $4.5 billion deal to settle claims on a mortgage-backed securities case. 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 $ 1.67/1.69

- or -

JUN 24, 2013 - entry price on JPM @ 50.25, option @ 3.80
symbol: JPM1517a55 2015 JAN $55 call - current bid/ask $ 4.65/4.75

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: 30.30

Comments:
11/17/13: I was starting to worry about our LVLT trade. The stock's rally seemed to have stalled and shares were drifting sideways while the major averages surged to new highs. It looks like LVLT may have awoken from its recent sleep on Friday.

I am not suggesting new positions at this time. If LVLT were to see a pullback we can watch for support near $28.00.

- Suggested Positions -
OCT 31, 2013 - entry price on LVLT @ 29.39, option @ 4.40*
symbol:LVLT1517a30 2015 JAN $30 call - current bid/ask $ 4.60/4.90

*option entry price is an estimate since the option did not trade at the time our play was opened.
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: 84.30

Comments:
11/17/13: NOV spent a few days testing support near $82.00 and then surged to a new 52-week high later in the week. More conservative traders may want to start raising their stop loss. I am not suggesting new positions at this time.

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 $ 5.95/6.10

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: 16.17

Comments:
11/17/13: The post-earnings rally in NVDA continued last week. Shares surged past resistance near the $16.00 level to hit new 18-month highs. The stock is arguably short-term overbought here. I am not suggesting new positions.

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 $0.67/0.69

- or -

SEP 12, 2013 - entry price on NVDA @ 15.63, option @ 1.54
symbol: NVDA1517a17 2015 JAN $17 call - current bid/ask $1.51/1.57

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: 49.50

Comments:
11/17/13: Strength in the transportation stocks helped push ODFL to a new high. The stock is approaching what could be round-number resistance at the $50.00 mark. More conservative investors might want to consider an early exit now to lock in a small gain and free up capital. 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 $1.45/1.65

11/17/13 investors may want to consider an early exit now to lock in a small gain.
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


QUALCOMM Inc. - QCOM - close: 72.17

Comments:
11/17/13: QCOM is another watch list candidate that has graduated to our active play list. The plan was to wait for shares to breakout past major resistance at $70.00 and closed above $70.50. QCOM closed at $71.22 on November 14th. Our trade opened on Friday morning at $71.34.

Shares of QCOM are up six days in a row and looking short-term overbought here. If you're looking for a new entry point I would seriously consider waiting for a dip back into the $70.00-71.00 zone. QCOM will eventually see a dip and broken resistance at $70.00 should be new support.

- Suggested Positions -
NOV 15, 2013 - entry price on QCOM @ 71.34, option @ 4.90
symbol: QCOM1517a75 2015 JAN $75 call - current bid/ask $5.25/5.35

11/15/13 trade opens. QCOM @ 71.34
11/14/13 QCOM closes above entry trigger (above 70.50)

Chart of QCOM:

Current Target: $85.00
Current Stop loss: 66.75
Play Entered on: 11/15/13
Originally listed on the Watch List: 11/03/13


VeriSign, Inc. - VRSN - close: 55.65

Comments:
11/17/13: It was a good week for VRSN bulls. The stock finally broke out past resistance near the $55.00 level. I am raising our stop loss to $49.75. More conservative investors may want to raise their stop even higher. I am not suggesting new positions at current levels.

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 $ 2.10/2.14

- or -

SEP 19, 2013 - entry price on VRSN @ 51.40, option @ 4.25*
symbol:VRSN1517a55 2015 JAN $55 call - current bid/ask $ 6.15/6.35

11/17/13 new stop loss @ 49.75
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: 49.75
Play Entered on: 09/19/13
Originally listed on the Watch List: 08/18/13


CLOSED Plays


Halliburton Company - HAL - close: 56.23

Comments:
11/17/13: Target achieved.

The rally continues for HAL with shares hitting new two-year highs again. The stock is now up six out of the last seven weeks. We were planning to exit our 2015 calls when HAL hit $56.50, although I see that we had a typo at the bottom of our play update that said the exit target was $56.00. If you were aiming for $56.00 then HAL hit our exit target on Monday November 11th and again on Thursday the 14th. HAL hit $56.52 on Friday the 15th.

The option high for the day was $9.75 on Friday but it was $9.89 on Thursday.

- 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 - exit $9.70 (+ 102.0%)

11/15/13 2015 target hit at $56.50
(note: play had a typo listing exit target at $56.00)
11/10/13 new stop loss @ 49.40
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

Chart of HAL

Current Target: $52.50 for the 2014 call, $56.50 for the 2015 call
Current Stop loss: 49.40
Play Entered on: 08/21/13
Originally listed on the Watch List: 08/18/13


Constellation Brands - STZ - close: 69.14

Comments:
11/17/13: Target achieved.

Shares of STZ raced higher this past week. The stock hit our suggested exit target for the 2015 calls at $69.00 on Friday. I remain longer-term bullish on STZ but shares are definitely overbought and need to see a correction.

- 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 - exit $10.20 (+134.4%)

11/15/13 target hit at $69.00 to exit the 2015 calls
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.

Chart of STZ

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