Editor's Note:

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

(bullish ideas, some of these need to see a breakout past resistance):
BCR, ROP, QCOM, VMW, BRK.B, GS

(bearish ideas, need to see a breakdown to new relative lows):
FSLR, TECH, CMP


NEW DIRECTIONAL CALL PLAYS

Nu Skin Enterprises - NUS - close: 60.65 change: +0.61

Stop Loss: 58.45
Target(s): 64.50
Current Option Gain/Loss: Unopened
Time Frame: 3 to 6 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
Shares of this multi-level marketing company for skincare products are surging. Traders have been buying dips to the rising 10-dma. Now NUS is breaking out past the $60.00 level and hitting new all-time highs.

I am suggesting new bullish positions at the open on Monday with a stop loss at $58.45. More conservative traders may want to try a stop at $59.45 instead (just under the 10-dma). Our target is $64.50. FYI: The Point & Figure chart for NUS is bullish with a $78 target.

buy calls at the open

- Suggested Positions -

buy the Apr $60 call (NUS1221D60) current ask $2.00

- or -

buy the May $65 call (NUS1219E65) current ask $1.15

Annotated Chart:

Entry on March xx at $ xx.xx
Earnings Date 05/03/12 (unconfirmed)
Average Daily Volume = 601 thousand
Listed on March 24, 2012


O'Reilly Automotive - ORLY - close: 90.04 change: -0.32

Stop Loss: 88.45
Target(s): 98.50
Current Option Gain/Loss: Unopened
Time Frame: 3 to 6 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
ORLY's long-term trend is up but shares have taken the last couple of weeks to consolidate sideways near the $90 region. A breakout here could spark a run towards the $100 area.

I am suggesting a trigger to buy calls at $91.25 with a stop at $88.45. Our exit target is $98.50. FYI: The Point & Figure chart for ORLY is bullish with a $103 target.

Trigger @ $91.25

- Suggested Positions -

buy the Apr $90 call (ORLY1221D90) current ask $1.80

- or -

buy the May $90 call (ORLY1219E95) current ask $1.20

Annotated Chart:

Entry on March xx at $ xx.xx
Earnings Date 04/25/12 (unconfirmed)
Average Daily Volume = 887 thousand
Listed on March 24, 2012


NEW DIRECTIONAL PUT PLAYS

OpenTable, Inc. - OPEN - close: 40.56 change: -0.73

Stop Loss: 42.55
Target(s): 33.00
Current Option Gain/Loss: Unopened
Time Frame: 3 to 6 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
This is an aggressive, higher-risk put play. The trend is down for OPEN. In spite of a lot of bullish analyst comments this past week the oversold bounce from support near $40.00 has already reversed. Now shares face a potential breakdown under support at $40.00, which could lead toward a drop to $35.00 or its 2011 lows near $32.00.

Why is this an aggressive, high-risk trade? Short interest on OPEN is already at 51% of the small 18.3 million share float. The stock could be prone to short squeezes. Plus, there was some speculation last week that OPEN could be a buy-out target for someone looking for exposure to the online restaurant reservation market. Rumors that OPEN could be a takeover target could always spark a short squeeze.

I am suggesting we open small bearish put positions if OPEN trades at $39.65, which would be a new relative low. Our target is $33.00 although readers may want to exit near possible support at the $35.00 level instead. FYI: The Point & Figure chart for OPEN is bearish with a $35 target.

Trigger @ $39.65 (small positions)

- Suggested Positions -

buy the Apr $40 put (OPEN1221P40) current ask $2.10

- or -

buy the May $35 PUT (OPEN1219Q35) current ask $1.65

Annotated Chart:

Entry on March xx at $ xx.xx
Earnings Date 05/01/12 (unconfirmed)
Average Daily Volume = 1.0 million
Listed on March 24, 2012