Editor's Note:
The widespread market strength today helped open a couple of new trades for us. Both the CBOE trade and SODA have been opened.

-James

Current Portfolio:


BULLISH Play Updates

CBOE Holdings, Inc. - CBOE - close: 26.82 change: +0.52

Stop Loss: 24.75
Target(s): 29.50
Current Gain/Loss: + 1.4%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
09/13 update: Our new CBOE trade is now open. The stock opened at $26.43 and rallied to a +1.9% gain. Volume was above average on the move. If you don't feel like chasing it here you could wait for a dip near $26.00 or $25.50 as your entry point instead.

Earlier Comments:
We need to label this as a slightly more aggressive trade. While things look good on a short-term basis the long-term weekly chart is showing potential resistance. Readers may want to wait for a close over that trendline before considering new bullish positions.

Current Position: Long CBOE stock @ $26.43

- or -

Long OCT $27 call (CBOE1122J27) Entry $0.99

Entry on September 13 at $26.43
Earnings Date 11/03/11 (unconfirmed)
Average Daily Volume = 703 thousand
Listed on September 12, 2011


Hansen Medical Inc. - HNSN - close: 4.21 change: +0.01

Stop Loss: 3.73
Target(s): 4.85, 5.20
Current Gain/Loss: unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see below

Comments:
09/13 update: Our trade is not open yet. The S&P 500 index opened higher but HNSN did not. Shares managed to eke out a +0.2% gain by the closing bell. I am suggesting we try again. The plan is to open bullish positions on HNSN but only if both the stock and the S&P 500 index both open positive tomorrow morning. More nimble traders may want to take a different approach and try to buy a dip or a bounce near $4.00 instead.

Earlier Comments:
The stock can be volatile so we want to keep our position size small. Conservative traders may want a stop closer to today's low (3.90) while aggressive traders may want a stop under Friday's low (3.61).

*See Play Details for Entry Point*

Suggested Position: buy HNSN stock @ open

Entry on September xx at $ xx.xx
Earnings Date 11/03/11 (unconfirmed)
Average Daily Volume = 963 thousand
Listed on September 12, 2011


Research In Motion - RIMM - close: 30.13 change: -0.04

Stop Loss: 28.90
Target(s): 34.75
Current Gain/Loss: -4.7%
Time Frame: exit before Sep. 15th
New Positions: see below

Comments:
09/13 update: RIMM was an underperformer today. The stock traded in choppy fashion on either side of the $30.00 level. Shares might be stuck moving sideways for the next couple of days as investors wait for the earnings report on Thursday night. I am suggesting an early exit tomorrow (Wednesday) at the closing bell. We do not want to hold over the earnings report.

Current Position: Long RIMM stock @ $31.64

- or -

Long OCT $33 call (RIMM1122J33) Entry $2.40

09/13 prepare to exit tomorrow at the close
09/10 Remember, we want to exit prior to earnings (9/15)
09/07 trade is now open. RIMM gapped open at $31.64
09/06 trade not open yet. try again. New stop @ 28.90

Entry on September 7 at $31.64
Earnings Date 09/15/11 (confirmed)
Average Daily Volume = 26.9 million
Listed on September 3, 2011


SodaStream Intl. - SODA - close: 42.25 change: +3.41

Stop Loss: 36.95
Target(s): 45.75, 49.75
Current Gain/Loss: +3.4%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
09/13 update: Our aggressive trade on SODA is now open. The stock soared +8.7%. Unfortunately the gap open from $38.86 to $40.84 this morning took a big chunk out of our potential gains. Helping fuel the gap higher was an analyst upgrade before the bell. Yesterday's low was $37.25. We will move our stop loss to $37.20.

Earlier Comments:
If this stock can rally then SODA could see a huge short squeeze. The most recent data listed short interest at more than 75% of the very, very small 14.6 million-share float.

Remember, we want to use small positions to limit our risk.

Current Position: Long SODA @ $40.84

- or -

Long OCT $45 call (SODA1122J45) Entry $3.00

09/13 trade is open. SODA @ 40.84

Entry on September 13 at $40.84
Earnings Date 11/29/11 (unconfirmed)
Average Daily Volume = 3.8 million
Listed on September 8, 2011


Stamps.com Inc. - STMP - close: 20.92 change: -0.24

Stop Loss: 18.45
Target(s): 22.25, 24.50
Current Gain/Loss: +3.1%
Time Frame: 6 to 10 weeks
New Positions: see below

Comments:
09/13 update: The rally in STMP stalled a bit on Tuesday. I suggested readers wait for a dip or a bounce near $20.00 as a new entry point and STMP provided a dip to $20.14 midday.

Current Position: Long STMP stock @ $20.29

- or -

Long OCT $20 call (STMP1122J20) Entry $1.50

09/12 STMP gapped open at $20.29, above our entry point.

Entry on September 12 at $20.29
Earnings Date 10/27/11 (unconfirmed)
Average Daily Volume = 248 thousand
Listed on September 10, 2011


WABCO Holdings - WBC - close: 46.94 change: +1.88

Stop Loss: 43.40
Target(s): 49.50, 54.00
Current Option Gain/Loss: + 1.3%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
09/13 update: WBC outperformed the market today with a +4.1% gain. The rally seemed to struggle with its 30-dma. I am not suggesting new positions at this time.

- Suggested Positions -

current Position: Long WBC stock @ $46.32

09/08 1st target hit at $49.50 (+6.8%)
09/07 trade now open. WBC gaps higher at $46.32
09/06 trade not open yet. Try again. New stop loss 43.40. new targets 49.50 and 54.00

Entry on September 7 at $46.32
Earnings Date 10/27/11 (unconfirmed)
Average Daily Volume = 900 thousand
Listed on September 3, 2011


BEARISH Play Updates

Greif, Inc. - GEF - close: 46.55 change: +0.19

Stop Loss: 50.60
Target(s): 44.00, 40.50
Current Gain/Loss: +0.8%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
09/13 update: GEF produced a meager bounce and underperformed the market's major indices. That is what we want to see - GEF underperforming on up days in the market. I do not see any changes from my prior comments.

If the market rebounds then look for GEF to retest the $48 level as overhead resistance. A failed rally near $48 (or $50) could be used as a new entry point.

Earlier Comments:
FYI: The Point & Figure chart for GEF is bearish with a $30 target. I am not suggesting the options. The spreads are too wide.

*Small Bearish Positions*

Current Position: short GEF stock @ $46.93

Entry on September 12 at $46.93
Earnings Date 12/07/11 (unconfirmed)
Average Daily Volume = 247 thousand
Listed on September 10, 2011