Editor's Note:

In addition to tonight's new candidates, consider these stocks as possible trading ideas and watch list candidates:

(bullish candidates) BCR, PXD, CLR, CLB, WLL, DVN, BBBY, V, GS, WBC, MON, COP, CNI, HOT, HES, ARE, WYNN,


NEW DIRECTIONAL CALL PLAYS

Alexion Pharma - ALXN - close: 89.81 change: +0.80

Stop Loss: 87.75
Target(s): 98.00
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
Alexion Pharmaceuticals is a biopharma company. The stock has been stair-stepping higher for weeks. Shares just spent the last few days consolidating sideways in the $88-90 zone. I suspect we'll see it breakout to new highs soon.

I am suggesting a trigger to open bullish positions at $90.25. We'll use a stop at $87.75. Our target is $98.00.

Trigger @ 90.25

- Suggested Positions -

buy the Apr $90 call (ALXN1221D90) current ask $3.00

- or -

buy the May $95 call (ALXN1219E95) current ask $2.25

Annotated Chart:

Entry on March xx at $ xx.xx
Earnings Date 04/19/12 (unconfirmed)
Average Daily Volume = 1.25 million
Listed on March 19, 2012


NetEase.com - NTES - close: 56.74 change: +1.81

Stop Loss: 53.35
Target(s): 64.00
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
NTES is an Internet technology company based in and focused on China. The company is a major player in the huge Chinese online game market. The stock was outperforming today with a +3.2% gain. More importantly today's rally is a breakout past major resistance near $55.00. As a Chinese Internet stock NTES can be volatile. I am suggesting small bullish positions at the open tomorrow morning. We will use a stop loss at $53.34. Our multi-week target is $64.00. FYI: The Point & Figure chart for NTES is bullish with a $68 target.

(Small) positions at the open

- Suggested Positions -

buy the Apr $55 call (NTES1221D55) current ask $3.30

- or -

buy the Apr $60 call (NTES1221D60) current ask $0.95

Annotated Chart:

Entry on March 20 at $ xx.xx
Earnings Date 05/16/12 (unconfirmed)
Average Daily Volume = 584 thousand
Listed on March 19, 2012