Editor's Note:

In addition to the new candidates listed tonight there were several stocks that caught my eye as potential bullish candidates. You may want to check them out or put them on your watch list. These are: ESI, CMG, DECK, AAPL, and AMGN.

On AAPL a move past $345.50 or $346.00 might be a bullish entry point. Meanwhile the trend in AMGN looks absolutely terrible but if it's going to see an oversold bounce then the $50 zone is where we should look.

- James


NEW DIRECTIONAL CALL PLAYS

BorgWarner - BWA - close: 75.36 change: -0.61

Stop Loss: 73.75
Target(s): 79.75, 84.50
Current Option Gain/Loss: +0.0%
Time Frame: 4 to 8 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
Two days in a row traders bought the dip at $74.00. This looks like short-term support and we want to take advantage of the recent sell-off. Buy call positions now with a stop loss at $73.75. Our targets are $79.75 and $84.50. I'm suggesting we start this trade with small positions to limit our risk.

Open SMALL bullish positions now at current levels.

- Suggested Positions -

Buy the March $80 calls (BWA1119C80) current ask $1.10

- or -

Buy the April $80 calls (BWA1116D80) current ask $2.25

Annotated Chart:

Entry on February 25th at $ xx.xx
Earnings Date 04/28/11 (unconfirmed)
Average Daily Volume = 2.3 million
Listed on February 24th, 2010


F5 Networks Inc. - FFIV - close: 117.06 change: +5.07

Stop Loss: 109.90
Target(s): 129.00
Current Option Gain/Loss: +0.0%
Time Frame: 4 to 8 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
I consider this play somewhat aggressive. FFIV can be a very volatile stock and shares already produced a $5 bounce on Thursday. The 50-dma might be overhead resistance but shares managed to rally toward prior support and new resistance near $130 last time FFIV saw an oversold bounce. If we're lucky FFIV might see some minor profit taking tomorrow. I am suggesting new positions now but you might want to wait and cross your fingers hoping for a dip near $115 or $114. The recent lows were near $110. Our target is $129.00.

open SMALL bullish positions now at current levels

- Suggested Positions -

Buy the March $120 calls (FFIV1119C120) current ask $3.80

- or -

Buy the April $125 calls (FFIV1116D125) current ask $4.70

Annotated Chart:

Entry on February 25th at $ xx.xx
Earnings Date 04/20/11 (unconfirmed)
Average Daily Volume = 3.7 million
Listed on February 24th, 2010


3M Co. - MMM - close: 90.03 change: -0.23

Stop Loss: 88.75
Target(s): 94.50, 99.00
Current Option Gain/Loss: +0.0%
Time Frame: 4 to 8 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
Broken resistance near $90 is acting as new support. We want to take advantage of the recent market weakness and buy calls on MMM now. Keep in mind that MMM does not move that fast. You may want to buy the April or May calls instead of the March calls.

open bullish positions now at current levels.

- Suggested Positions -

Buy the March $90 calls (MMM1119C90) current ask $1.77

- or -

Buy the April $95 calls (MMM1116D95) current ask $0.80

Annotated Chart:

Entry on February 25th at $ xx.xx
Earnings Date 04/27/11 (unconfirmed)
Average Daily Volume = 3.5 million
Listed on February 24th, 2010