Editor's Note:

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

I have updated several stop losses tonight.

Prepare to exit our EMN and INTC trades on Monday morning.


Closed Plays



None. No closed plays this week.




Play Updates


American Intl. Group - AIG - close: 49.59

Comments:
11/24/13: It was a relatively quiet week for AIG. Shares are still hovering below technical resistance at their 50-dma and the $50.00 level. I am not suggesting new positions at this time.

NOTE: We only have about eight weeks left on our 2014 January calls.

- Suggested Positions -
JUL 15, 2013 - entry price on AIG @ 46.99, option @ 2.50
symbol: AIG1418a50 2014 JAN $50 call - current bid/ask $1.30/1.33

- 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: 43.30

Comments:
11/24/13: AVGO continues to disappoint. The stock is not participating in the market's widespread rally and that's a warning signal. The correction from its peak is now five weeks old. Honestly shares look poised to keep falling. I would seriously consider an early exit right here to cut losses early but I'd like to give AVGO another couple of weeks. I am not suggesting new positions. I repeat more conservative investors might want to just abandon ship now. The company is scheduled to report earnings on Dec. 4th.

- Suggested Positions -
NOV 11, 2013 - entry price on AVGO @ 44.44, option @ 3.60
symbol: AVGO1517a50 2015 JAN $50 call - current bid/ask $2.75/3.10

11/24/13 AVGO is not participating in the market rally.
investors may want to exit early now to cut their losses.
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: 15.64

Comments:
11/24/13: The banking stocks continue to show relative strength. BAC has almost gone straight up from November 8th. The breakout past round-number resistance at $15.00 is very bullish but on a short-term basis the stock is overbought and due for a dip. Look for $15.00 to offer new support. I am raising our stop loss to $13.70, which is just below the November low.

- 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 $2.11/2.13

11/24/13 new stop loss @ 13.70
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: 13.70
Play Entered on: 03/18/13

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


E.I. du Pont - DD - close: 61.70

Comments:
11/24/13: DD sparked a few headlines last week with news they are selling its glass-laminating and vinyls business Japanese company called Kurarary Co for $543 million. Shares of DD really didn't move much on the news. Shares are still building on their bullish trend of higher lows although I'm disappointed that DD hasn't been performing better. The $62 area remains short-term resistance. Investors may want to wait for a new close above the $62.50 level before considering new positions.

- Suggested Positions -
OCT 25, 2013 - entry price on DD @ 62.57, option @ 0.74
symbol: DD1418a65 2014 JAN $65 call - current bid/ask $0.45/0.47

- or -

OCT 25, 2013 - entry price on DD @ 62.57, option @ 3.15
symbol: DD1517a65 2015 JAN $65 call - current bid/ask $3.25/3.35

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: 58.40

Comments:
11/24/13: It was a rough week for some of the discount stories. DLTR reported earnings and lowered guidance. Shares of DLTR plunged on the news and it dragged shares of DG lower with it. DG's spike down on Thursday morning was the reaction to DLTR's report. I am not suggesting new positions at this time.

The news few weeks are going to focus on the retailers as we get closer to Christmas. Shares of DG could be volatile, especially after they report earnings. DG is scheduled to announce 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 $2.20/2.25

- or -

SEP 06, 2013 - entry price on DG @ 57.61, option @ 3.48
symbol: DG1517a70 2015 JAN $70 call - current bid/ask $3.20/3.50

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: 70.20

Comments:
11/24/13: Traders bought the dip near $69.00 this past week. The rebound has pushed DIS shares to a new all-time high. I would launch new positions at current levels. Please note our new stop loss at $64.75.

- Suggested Positions -
OCT 23, 2013 - entry price on DIS @ 68.81, option @ 3.70
symbol: DIS1517a75 2015 JAN $75 call - current bid/ask $4.05/4.20

11/24/13 new stop loss @ 64.75

Current Target: DIS @ 84.00
Current Stop loss: 64.75
Play Entered on: 10/23/13
Originally listed on the Watch List: 10/13/13


Dick's Sporting Goods - DKS - close: 55.44

Comments:
11/24/13: DKS reported earnings on November 19th. It was a positive report. DKS beat the bottom line by a penny and beat the revenue estimate. Management guided in-line with estimates. The stock spiked higher following its results but the gains didn't last. Shares have since corrected lower and retested support at the $54.00 level. Since its earnings announcement the stock has garnered some new, higher price targets from analysts.

Last week I was suggesting we look for a dip to buy calls and we got one.

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 $3.90/4.10

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.

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


Dollar Tree, Inc. - DLTR - close: 56.86

Comments:
11/24/13: DLTR is a watch list candidate that has graduated to our play list.

We were hoping for a correction in DLTR. Last week I cautioned readers that the stock could see a post-earnings decline. Sure enough it did. DLTR reported earnings on November 21st. The company missed estimates by two cents and missed the revenue number. Management then guided lower for the fourth quarter. The guidance is a bit disappointing. Management did say that their same-store sales grew thanks to rising customer traffic. The results didn't scare everyone away. The stock did garner some positive analyst comments.

Our plan was to buy calls on a dip at $56.25. The stock gapped open lower on November 21st at $55.50 and dipped to $55.15 before bouncing. The bounce continued on Friday. I will point out that on a short-term basis the $58.00 level is probably overhead resistance. There is no guarantee the post-earnings correction is over yet. Investors may want to take a step back and see if DLTR dips closer to $55.00 again. I would be tempted to buy calls on another dip or a bounce from the $55.00 level.

- Suggested Positions -
NOV 21, 2013 - entry price on DLTR @ 55.50, option @ 2.75*
symbol: DLTR1517a65 2015 JAN $65 call - current bid/ask $2.90/3.10

11/21/13 trade opened on gap down at $55.50. Trigger was $56.25.
gap down was a reaction to earnings news
10/27/13 removed the 2014 call
10/20/13 adjust the trigger to $56.25 and the stop to $52.40

Chart of DLTR:

Current Target: DLTR @ 65.00
Current Stop loss: 52.40
Play Entered on: 11/21/13
Originally listed on the Watch List: 09/22/13


Eastman Chemical Co. - EMN - close: 76.43

Comments:
11/24/13: I am growing more and more concerned with our EMN trade. The stock is clearly not participating in the market's rally. Shares have been underperforming since its latest failed rally at $80.00 mid November.

I am suggesting we throw in the towel and exit any remaining positions immediately on Monday morning.

- 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 $ 3.70/3.90

11/24/13 prepare to exit positions on Monday, Nov. 25th
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: 17.01

Comments:
11/24/13: Shares of Ford delivered another quiet week. The stock is consolidating sideways with a bullish pattern of higher lows but unable to breakout past technical resistance at its 50-dma. 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 $ 2.92/2.96

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: 36.10

Comments:
11/24/13: FCX struggled this past week. The rally failed at the three-week trend of lower highs. Shares drifted lower. That might suggest we may get another chance to buy the dip near the $35.00 level again. Look for support near $35.00 and its simple 50-dma (currently near $35.15).

- Suggested Positions -
NOV 13, 2013 - entry price on FCX @ 35.25, option @ 2.60*
symbol: FCX1517a39 2015 JAN $39 call - current bid/ask $2.74/2.79

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

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: 78.63

Comments:
11/24/13: FLR rebounded from short-term support near $76.00. The stock looks poised to retest resistance near the $80.00 level soon. The bounce reaffirms the bullish trend of higher lows. I am raising our stop loss to $72.75.

Earlier Comments:
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: 10.70/10.90

11/24/13 new stop loss @ 72.75
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.

Current Target:$ Target for 2014 call is $79.00,
Target for 2015 is $88.00
Current Stop loss: 72.75
Play Entered on: 09/12/13
Originally listed on the Watch List: 08/11/13


Harley-Davidson - HOG - close: 67.22

Comments:
11/24/13: HOG shot higher on Wednesday morning but the rally essentially failed. Shares still managed to post a gain for the week. If the market dips we can watch for short-term support in the $65-66 zone. I am not suggesting new positions at this time.

Earlier Comments:
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 $ 3.35/3.40

- or -

SEP 04, 2013 - entry price on HOG @ 61.01, option @ 4.35*
symbol: HOG1517a70 2015 JAN $70 call - current bid/ask $ 5.85/6.05

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: 88.80

Comments:
11/24/13: It was somewhat of a choppy week for shares of HON. The late-week bounce helped HON eke out a small gain. Friday's close is technically a new all-time high. I am raising the stop loss to $83.75.

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 $ 9.25/9.40

11/24/13 new stop loss @ 83.75
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.
...please see earlier newsletter for prior comments...

Current Target:$ 95.00
Current Stop loss: 83.75
Play Entered on: 05/07/13
Originally listed on the Watch List: 05/04/13



Intel Corp. - INTC - close: 23.87

Comments:
11/24/13: Ouch! INTC was crushed on Friday with a -5.39% plunge. Shares had just broken out past round-number resistance at the $25.00 level the day before. Everything was looking up for INTC. Then the company had its annual analyst meeting. INTC's CFO said the company's outlook for 2014 forecasted flat revenue growth. The market is worried that INTC is having trouble replacing revenue from the industry's falling PC sales.

The big drop on Friday was ugly. Our 2014 January $24 call closed at $1.57 on Thursday and closed at $0.73 on Friday. The 2015 January $25 call closed at $2.18 on Thursday and closed at $1.60 on Friday.

This could just be a one-day event and INTC could bounce back. It might not. I am suggesting we exit immediately. There are better candidates out there for our money than a company warning about its 2014 sales outlook. Plan to exit positions on Monday morning, November 25th.

- Suggested Positions -
SEP 16, 2013 - entry price on INTC @ 23.63, option @ 0.93
symbol: INTC1418a24 2014 JAN $24 call - current bid/ask $0.71/0.73

- or -

SEP 16, 2013 - entry price on INTC @ 23.63, option @ 1.75
symbol: INTC1517a25 2015 JAN $25 call - current bid/ask $1.55/1.60

11/24/13 prepare to exit on Monday morning, Nov. 25th.
11/22/13 INTC plunged following its analyst meeting
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: 57.46

Comments:
11/24/13: It was a big week for JPM with a +4.7% gain. Once shares broke out past resistance at $55.00 shares raced higher. The rally past its July 2013 highs is also bullish and JPM ended the week at new multi-year highs. Yet on a short-term basis the stock is now overbought and due for a dip.

I am raising our stop loss to $51.95. If you own the 2014 January $55 calls I would consider an early exit now to lock in gains.

- Suggested Positions -
JUN 24, 2013 - entry price on JPM @ 50.25, option @ 1.60
symbol: JPM1418a55 2014 JAN $55 call - current bid/ask $ 3.15/3.20

- or -

JUN 24, 2013 - entry price on JPM @ 50.25, option @ 3.80
symbol: JPM1517a55 2015 JAN $55 call - current bid/ask $ 6.20/6.35

11/24/13 new stop loss @ 51.95
Consider taking profits on the 2014 calls now
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: 51.95
Play Entered on: 06/24/13
Originally listed on the Watch List: 05/25/13


Level 3 Communications - LVLT - close: 29.50

Comments:
11/24/13: The Tuesday-Wednesday decline in LVLT was rough but shares found support at their 30-dma. Unfortunately I am not convinced the correction is over yet. LVLT might see another dip near the $28.50 area soon. Please note that I am raising our stop loss to $26.75.

I am not suggesting new positions at this time.

- Suggested Positions -
OCT 31, 2013 - entry price on LVLT @ 29.39, option @ 4.40*
symbol:LVLT1517a30 2015 JAN $30 call - current bid/ask $ 4.00/4.40

11/24/13 new stop loss @ 26.75
*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: 26.75
Play Entered on: 10/31/13
Originally listed on the Watch List: 10/20/13


National Oilwell Varco - NOV - close: 83.66

Comments:
11/24/13: NOV spent the week consolidating sideways. The stock is less than two points away from a new 52-week high. Looking at the energy industry the group looks poised to climb higher. More conservative traders may want to raise 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 $ 5.55/5.70

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: 15.18

Comments:
11/24/13: Ouch! It was a rough week for NVDA with shares falling about -6%. The stock was downgraded on Monday morning. With the exception of Thursday's bounce NVDA has been down every day this week. The sharp reversal after just breaking out to new highs the week before is a bit jarring but NVDA was short-term overbought and due for some profit taking. If NVDA does not bounce soon we might decide on an early exit.

We're not suggesting new positions. Readers may want to move their stop closer to the $15.00 level.

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 $0.25/0.26

- or -

SEP 12, 2013 - entry price on NVDA @ 15.63, option @ 1.54
symbol: NVDA1517a17 2015 JAN $17 call - current bid/ask $1.09/1.13

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: 50.64

Comments:
11/24/13: ODFL does not move very fast but the trend has been consistently higher. The stock rallied to new all-time highs this past week. We only have about eight weeks left on our 2014 January calls. More conservative investors may want to take profits now. I am raising our stop loss to $46.75.

- Suggested Positions -
AUG 14, 2013 - entry price on ODFL @ 45.62, option @ 1.25
symbol: ODFL1418a50 2014 JAN $50 call - current bid/ask $1.85/2.05

11/24/13 new stop loss @ 46.75
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: 46.75
Play Entered on: 08/14/13
Originally listed on the Watch List: 07/28/13


QUALCOMM Inc. - QCOM - close: 72.96

Comments:
11/24/13: QCOM held an analyst day last week. As a result there has been a lot of analyst activity on the stock. Some of them downgraded QCOM. Others upgraded QCOM. The price action remains bullish. Last week I suggested investors buy a dip in the $70-71 zone and you got your chance. The stock quickly rebounded when QCOM retested the $70.00 level. Shares have produced a strong bounce since then. Friday's breakout is a new multi-year high. More conservative traders may want to start raising their stops.

- Suggested Positions -
NOV 15, 2013 - entry price on QCOM @ 71.34, option @ 4.90
symbol: QCOM1517a75 2015 JAN $75 call - current bid/ask $5.35/5.45

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

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: 56.72

Comments:
11/24/13: VRSN ended the week on an up note. Shares broke out past short-term resistance near the $56.00 level to close at new multi-year highs. I am raising our stop loss to $52.40.

Our suggested exit for the 2014 calls is VRSN at $57.50. Readers may want to take profits now with our 2014 call up +127%.

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 $ 2.64/2.70

- or -

SEP 19, 2013 - entry price on VRSN @ 51.40, option @ 4.25*
symbol:VRSN1517a55 2015 JAN $55 call - current bid/ask $ 6.70/6.85

11/24/13 new stop loss @ 52.40
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: 52.40
Play Entered on: 09/19/13
Originally listed on the Watch List: 08/18/13


Wyndham Worldwide - WYN - close: 70.95

Comments:
11/24/13: It was another bullish week for WYN. Shares did not really participate in the market's weakness last week but they did participate in the rally. WYN has broken out past the $70.00 level to hit new record highs. I am raising our stop loss to $64.75.

Earlier Comments:
The point & figure chart is bullish and currently forecasting a $93.00 target.

- Suggested Positions -
NOV 18, 2013 - entry price on WYN @ 68.97, option @ 4.20
symbol: WYN1517a75 2015 JAN $75 call - current bid/ask $ 4.80/5.10

11/24/13 new stop loss @ 64.75
11/18/13 trade opens. WYN opens @ 68.97

Current Target: 85.00
Current Stop loss: 64.75
Play Entered on: 11/18/13
Originally listed on the Watch List: 11/10/13