Editor's Note:

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

(bullish ideas) TDC, LO, V, WBC, ASH, TPX, MHK, BKE, VAL, MCD, RE, GPRO, ANSS, HIBB, HSIC, SHW, PRGO, DVA, CTXS, and ZMH


NEW DIRECTIONAL CALL PLAYS

Affiliated Managers Group - AMG - close: 115.19 change: +1.66

Stop Loss: 111.45
Target(s): 119.50
Current Option Gain/Loss: Unopened
Time Frame: up to the late April earnings report.
New Positions: Yes, see below

Company Description

Why We Like It:
AMG is an asset management company. The stock has been slowly channeling higher for months. Today is a bullish breakout from the $110-114 trading range. It's also a new multi-year high.

I am suggesting a trigger to buy calls at $115.50 with a stop loss at $111.45. Our target is $119.50. FYI: The Point & Figure chart for AMG is bullish with a $134 target.

Trigger @ 115.50

- Suggested Positions -

buy the Apr $115 call (AMG1221D115) current ask $2.10

- or -

buy the May $120 call (AMG1219E120) current ask $2.10

Annotated Chart:

Entry on April xx at $ xx.xx
Earnings Date 04/24/12 (unconfirmed)
Average Daily Volume = 310 thousand
Listed on April 03, 2012


Tractor Supply - TSCO - close: 92.89 change: +1.03

Stop Loss: 89.80
Target(s): 98.00
Current Option Gain/Loss: Unopened
Time Frame: up to the mid April earnings report
New Positions: Yes, see below

Company Description

Why We Like It:
Retail names continue to show strength. TSCO is breaking out to new record highs. Shares just spent the last few days testing the $90.00 level as new support. I am suggesting a trigger to buy calls at $93.25. We'll use a stop at $89.80, under Monday's low. Our target is $98.00. We do not want to hold over the mid April earnings report so we may only have two or three weeks. FYI: The Point & Figure chart for TSCO is bullish with a $109 target.

Trigger @ 93.25

- Suggested Positions -

buy the Apr $95 call (TSCO1221D95) current ask $1.35

- or -

buy the May $95 call (TSCO1219E95) current ask $2.90

Annotated Chart:

Entry on April xx at $ xx.xx
Earnings Date 04/18/12 (unconfirmed)
Average Daily Volume = 578 thousand
Listed on April 03, 2012