Option Investor
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New Option Plays

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Call Options Plays
Put Options Plays
Strangle Options Plays
None VTAL None

New Calls

None today.

New Puts

Play Editor Notes: The NASDAQ Composite and the Russell 2000 both look very vulnerable to more profit taking and that would definitely weigh on the rest of the market. We would turn defensive on any bullish positions and more conservative traders may want to start ratcheting up their stops or plan some early exits.


Vital Images - VTAL - cls: 28.42 chg: -1.76 stop: 30.05

Company Description:
Vital Images, Inc., headquartered in Minneapolis, is a leading provider of enterprise-wide advanced visualization and analysis software solutions. The company's technology gives radiologists, cardiologists, oncologists and other medical specialists, time-saving productivity and communications tools that can be accessed throughout the enterprise and via the Web for easy use in the day-to-day practice of medicine. (source: company press release or website)

Why We Like It:
Tech stocks are beginning to under perform the rest of the market. Shares of VTAL just broke down from what looks like a multi-month top and on big volume. Aggressive traders may want to buy puts now or on a failed rally under $30.00. We're suggesting a trigger to buy puts at $27.99. Our target is the $25.15-25.00 range.

Suggested Options:
We are suggesting the June puts. Our trigger is at $27.99.

BUY PUT JUN 30.00 HXQ-RF open interest= 65 current ask $2.35
BUY PUT JUN 25.00 HXQ-RE open interest= 0 current ask $0.35

Picked on May xx at $ xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 04/26/07 (confirmed)
Average Daily Volume = 191 thousand

New Strangles

None today.

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