Editor's Note:

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

(bullish ideas) NTES, NVO, PX, BCR, AGN, OSIS, ANSS, SBNY, CSGP, ROST


NEW DIRECTIONAL CALL PLAYS

3M Co. - MMM - close: 89.32 change: +0.52

Stop Loss: 88.45
Target(s): 94.50
Current Option Gain/Loss: Unopened
Time Frame: 3 to 6 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
MMM is a Dow Jones Industrial Average component. The company reported earnings just a few days ago and beat estimates by 11 cents. Management also raised their guidance. Now the stock is poised to challenge resistance at the $90.00 level.

I am suggesting a trigger to buy calls at $90.25 with a stop at $88.45. Our multi-week target is $94.50.

Trigger @ 90.25

- Suggested Positions -

buy the May $90 call (MMM1219E90) current ask $0.81

- or -

buy the Jun $90 call (MMM1216F90) current ask $1.42

Annotated Chart:

Entry on April xx at $ xx.xx
Earnings Date 07/24/12 (unconfirmed)
Average Daily Volume = 2.0 million
Listed on April 26, 2012