Editor's Note:

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

(bullish ideas) WCG, CPT, CBE, BG, DHR, DVA, TROW, BJRI, PSMT, IBB, PX, PRGO, COV, FISV, PAY, RE, APD, SYK, and ATR


NEW DIRECTIONAL CALL PLAYS

PNC Financial Services - PNC - close: 64.49 change: +0.54

Stop Loss: 62.75
Target(s): 69.50
Current Option Gain/Loss: Unopened
Time Frame: up to its April 18th earnings report
New Positions: Yes, see below

Company Description

Why We Like It:
PNC is a financial stock that has slowly been consolidating higher with a bullish trend of higher lows. Now PNC is testing major resistance near $65.00. I am suggesting a trigger to buy calls at $65.25 with a stop loss at $62.75. Our target is $69.50. However, we will plan to exit prior to the April 18th earnings report. FYI: The Point & Figure chart for PNC is bullish with a $79 target.

Trigger @ 65.25

- Suggested Positions -

buy the May $65 call (PNC1219E65) current ask $1.69

Annotated Chart:

Entry on April xx at $ xx.xx
Earnings Date 04/18/12 (confirmed)
Average Daily Volume = 3.7 million
Listed on March 31, 2012


VMware, Inc. - VMW - close: 112.37 change: -0.09

Stop Loss: 109.75
Target(s): 117.50
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
Cloud-computing stock VMW closed the quarter at multi-year highs. The recent breakout past resistance near $110 is bullish. Shares could try and make a run at the all-time high near $125 if this rally continues.

I am suggesting small bullish positions at the open on Monday but only if both VMW and the S&P 500 index open positive. We'll try and limit our risk with a relatively tight stop loss at $109.75. Our exit target is $117.50. More aggressive traders could aim higher but we do not want to hold over the mid-April earnings report.

Do not enter position unless VMW and the S&P 500 are both positive at the open

- Suggested Positions -

buy the Apr $115 call (VMW1221D115) current ask $3.30

Annotated Chart:

Entry on March xx at $ xx.xx
Earnings Date 04/17/12 (unconfirmed)
Average Daily Volume = 1.2 million
Listed on March 31, 2012