Editor's Note:

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

(bullish candidates) CLB, GS, V, JBHT, FMC, PAY, CTXS, COH, SHW, N, HOG, MIDD, IBB, DLR, SIVB, ABT, ZMH, FISV, PSMT, WLP, TPX, MSTR, OSIS


NEW DIRECTIONAL CALL PLAYS

Costco Wholesale - COST - close: 91.52 change: +1.25

Stop Loss: 89.75
Target(s): 97.50
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
Shares of this discount retailer just spent a week consolidating sideways and digesting its March gains. A breakout from the current range could portend a run toward the $100 area. The all-time high was two weeks ago at $91.60. I am suggesting a trigger to buy calls at $91.75. We'll use a stop loss at $89.75. Our target is $97.50. FYI: The Point & Figure chart for COST is bullish with a $116 target.

Trigger @ $91.75

- Suggested Positions -

buy the Apr $90 call (COST1221D90) current ask $2.28

- or -

buy the May $95 call (COST1221E95) current ask $0.64

Annotated Chart:

Entry on March xx at $ xx.xx
Earnings Date 05/24/12 (unconfirmed)
Average Daily Volume = 2.2 million
Listed on March 26, 2012


Under Armour, Inc. - UA - close: 98.96 change: +1.86

Stop Loss: 94.90
Target(s): 104.75
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
UA just set a new closing record high and is nearing potential round-number resistance at the $100 mark. If UA can breakout past this level the stock could see more short covering. The most recent data listed short interest at more than 12% of the 37.8 million share float.

Aggressive traders may want to buy calls now. I am suggesting a trigger to buy calls at $100.25. We are starting this trade with a wide stop loss so readers may want to keep their position size small.

Trigger @ $100.25

- Suggested Positions -

buy the Apr $100 call (UA1221D100) current ask $2.55

- or -

buy the May $105 call (UA1219E105) current ask $2.90

Annotated Chart:

Entry on March xx at $ xx.xx
Earnings Date 04/24/12 (unconfirmed)
Average Daily Volume = 1.0 million
Listed on March 26, 2012