Editor's Note:
Shares of Stamps.com quickly rebounded from their morning low and hit our final target today.

Please note that I have updated some of our stop losses tonight.

-James

Current Portfolio:


BULLISH Play Updates

CBOE Holdings, Inc. - CBOE - close: 27.24 change: -0.04

Stop Loss: 25.85
Target(s): 29.50
Current Gain/Loss: + 3.0%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
09/19 update: CBOE gapped open lower thanks to the market's widespread weakness. Yet shares did not breakdown under support in the $26.25-26.00 area. Traders were quick to buy the dip. The stock closed almost unchanged on the session. I am suggesting readers use this intraday bounce as a new entry point. We will raise our stop loss up to $25.85.

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

09/19 new stop loss @ 25.85
09/17 new stop loss @ 25.40

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


Electronic Arts - ERTS - close: 22.87 change: -0.14

Stop Loss: 21.90
Target(s): 24.85
Current Gain/Loss: unopened
Time Frame: 4 to 8 weeks
New Positions: Yes, see below

Comments:
09/19 update: Our new trade on ERTS is not open yet. The market weakness negated our entry point. Traders bought the dip at $22.47 and ERTS drifted back to almost unchanged. I am suggesting we try again.

We want to open bullish positions now but only if ERTS and the S&P 500 index both open positive on tomorrow morning. Alternative entry points could be a new relative high over $23.25 or a dip back toward $22.00, which should be short-term support.

NOTE: I am raising our stop loss to $21.90.

*see Entry Point Details Above*

Suggested Position: buy ERTS stock @ open

- or -

buy the OCT $24 call (ERTS1122J24) current as $0.78

09/19 new stop loss @ 21.90

Entry on September xx at $ xx.xx
Earnings Date 11/01/11 (unconfirmed)
Average Daily Volume = 8.6 million
Listed on September 17, 2011


Hansen Medical Inc. - HNSN - close: 4.20 change: +0.08

Stop Loss: 3.90
Target(s): 4.85, 5.20
Current Gain/Loss: - 1.1%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
09/19 update: Traders bought the dip at $4.00 this morning and shares rallied to a +1.9% gain. This show of relative strength is encouraging. I would use the bounce as a new entry point. More conservative traders might want to adjust their stop loss to the $3.98-3.99 area.

Earlier Comments:
The stock can be volatile so we want to keep our position size small.

Current Position: Long HNSN stock @ $4.25

09/14 new stop loss @ 3.90

Entry on September 14 at $4.25
Earnings Date 11/03/11 (unconfirmed)
Average Daily Volume = 963 thousand
Listed on September 12, 2011


NVIDIA Corp. - NVDA - close: 15.14 change: -0.32

Stop Loss: 13.49
Target(s): 16.75, 18.25
Current Gain/Loss: +1.5%
Time Frame: 6 to 12 weeks
New Positions: see below

Comments:
09/19 update: I was expecting a bigger sell-off in NVDA. The fact that shares managed to hold the $15.00 level is a positive. Over the weekend I suggested launching new positions on a dip into the $15.00-14.50 zone and we got that dip today. More conservative traders could wait for a dip into the $14.50-14.00 zone instead.

Current Position: Long NVDA stock @ $14.91

- or -

Long OCT $15 call (NVDA1122J15) Entry $1.10

- or -

Long 2012 JAN $15 call (NVDA1122A15) Entry $2.28

09/17 added secondary target of $18.25
09/14 new stop loss @ 13.49
09/14 gap open higher entry point @ 14.91

Entry on September 14 at $14.91
Earnings Date 11/10/11 (unconfirmed)
Average Daily Volume = 19.3 million
Listed on September 13, 2011


SodaStream Intl. - SODA - close: 42.26 change: +0.58

Stop Loss: 38.75
Target(s): 45.75, 49.75
Current Gain/Loss: +3.4%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
09/19 update: Just as expected the $40 level acted as short-term support. I've been suggesting readers buy a dip near $40.00, which we saw today. If you're still looking for an entry point I would buy this bounce. Please note that I am raising our stop loss to $38.75. More conservative traders might want to up their stop closer to $40.00 instead.

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

09/19 new stop loss @ 38.75
09/13 new stop loss at $37.20
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


virgin Media, Inc. - VMED - close: 26.05 change: -0.08

Stop Loss: 24.40
Target(s): 29.50
Current Gain/Loss: unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see below

Comments:
09/19 update: Our new trade on VMED is not open yet. Shares bounced from the 50-dma again. I am suggesting we try again. The plan is to open bullish positions now but only if VMED and the S&P 500 index both open higher on Monday morning.

We do want to keep our position size small to limit our risk. VMED is facing additional resistance at its 200-dma and near the $28.00 level. We'll start with a multi-week target at $29.50. I'm suggesting a stop loss at $24.40. FYI: The most recent data listed short interest at 14% of the 310 million-share float.

*see Entry Point Details Above*

Suggested Position: buy VMED stock @ open

- or -

buy the OCT $27 call (VMED1122J27) current ask $1.10

Entry on September xx at $ xx.xx
Earnings Date 10/26/11 (unconfirmed)
Average Daily Volume = 4.5 million
Listed on September 17, 2011


WABCO Holdings - WBC - close: 47.87 change: -1.25

Stop Loss: 46.35
Target(s): 49.50, 54.00
Current Option Gain/Loss: + 3.3%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
09/19 update: WBC displayed some relative weakness with a -2.5% loss. The stock did not see the same rebound that most of the market experienced this afternoon. Volume was pretty light but I am not suggesting new positions at this time. Cautious traders may want to exit early now.

- Suggested Positions -

current Position: Long WBC stock @ $46.32

09/15 new stop loss @ 46.35
09/14 new stop loss @ 43.60
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: 47.28 change: -0.80

Stop Loss: 49.55
Target(s): 44.00, 40.50
Current Gain/Loss: -0.7%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
09/19 update: GEF gapped open lower at $46.98 and ended the session down -1.6%. That's slightly worse than the broader market's -0.9% decline. The overall trend for GEF remains lower. I am adjusting our stop loss down to $49.55.

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

09/19 new stop loss @ 49.55

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


CLOSED BULLISH PLAYS

Stamps.com Inc. - STMP - close: 23.78 change: +1.38

Stop Loss: 21.40
Target(s): 22.25, 24.75
Current Gain/Loss: +21.9%
Time Frame: 6 to 10 weeks
New Positions: see below

Comments:
09/19 update: Target achieved. STMP gapped open lower at $22.20, dipped to $21.80, and then surged to an intraday high of $25.24. That's a +15.7% gain off its morning low. Our final target was hit at $24.75.

closed Position: Long STMP stock @ $20.29, exit 24.75 (+21.9%)

- or -

OCT $20 call (STMP1122J20) Entry $1.50, exit $5.00* (+233.3%)

09/19 2nd target hit @ 24.75 (+21.9%)
*option did not trade at the time our target was hit. This is an estimate.
09/17 new stop loss @ 21.40
09/14 new stop loss @ 19.75
09/14 1st target hit @ 22.25 (+9.6%)
option bid near $2.70 (+80%)
09/12 STMP gapped open at $20.29, above our entry point.

chart:

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