NEW DIRECTIONAL CALL PLAYS

J.B.Hunt Transport - JBHT - close: 54.87 change: +0.01

Stop Loss: 53.75
Target(s): 59.50
Current Option Gain/Loss: Unopened
Time Frame: 3 to 6 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
JBHT is a trucking company. Shares have been able to maintain its upward trend in spite of rising fuel prices. Traders bought the dip again this morning and JBHT looks poised to breakout past resistance near $55.00.

I am suggesting a trigger to buy calls at $55.25 with a stop at $53.75. Our multi-week target is $59.50. FYI: The Point & Figure chart for JBHT is bullish with a $69 target.

Trigger @ $55.25

- Suggested Positions -

buy the Apr $55 call (JBHT1221D55) current ask $1.30

- or -

buy the May $55 call (JBHT1219E55) current ask $1.85

Annotated Chart:

Entry on March xx at $ xx.xx
Earnings Date 04/12/12 (unconfirmed)
Average Daily Volume = 729 thousand
Listed on March 28, 2012


NEW DIRECTIONAL PUT PLAYS

Apache Corp. - APA - close: 98.98 change: -2.40

Stop Loss: 102.25
Target(s): 95.25 or 92.00
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
Oil and energy stocks have continue to underperform the market in recent days. APA tried to hold support near the $100 level but that support broke today. APA also broke down through technical support at its 100-dma.

I am suggesting bearish put positions at the open tomorrow. We'll use a stop loss at $102.25. I am setting two different targets. You can choose to aim for $95.25 or $92.00.

- Suggested Positions -

buy the Apr $97.50 PUT (APA1221P97.5) current ask $2.11

- or -

buy the May $95 PUT (APA1219Q95) current ask $2.65

Annotated Chart:

Entry on March xx at $ xx.xx
Earnings Date 04/26/12 (unconfirmed)
Average Daily Volume = 2.7 million
Listed on March 28, 2012