NEW DIRECTIONAL CALL PLAYS

Bed Bath & Beyond Inc. - BBBY - close: 72.47 change: +1.46

Stop Loss: 69.75
Target(s): 79.00
Current Option Gain/Loss: Unopened
Time Frame: 3 to 6 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
BBBY is a home furnishing retailer. The stock has been resilient during the market's sell-off in May. Traders bought the dip at its rising 50-dma. Now BBBY is poised to breakout from its trading range.

I am suggesting a trigger to buy calls at $72.75 with a stop loss at $69.75. Our multi-week target is $79.00. FYI: The Point & Figure chart for BBBY is bullish with an $83 target.

Trigger @ 72.75

- Suggested Positions -

buy the JUN $75 call (BBBY1216F75) current ask $0.97

- or -

buy the JUL $75 call (BBBY1221G75) current ask $2.60

Annotated Chart:

Entry on May xx at $ xx.xx
Earnings Date 06/20/12 (unconfirmed)
Average Daily Volume = 2.6 million
Listed on May 24, 2012


The Hain Celestial Group - HAIN - close: 55.04 change: +0.70

Stop Loss: 52.90
Target(s): 59.00
Current Option Gain/Loss: Unopened
Time Frame: 3 to 6 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
HAIN manufactures and sells a variety of organic products. The stock has been showing relative strength for months. Shares held up very well during the market's decline in May. Now the stock is on the verge of hitting new highs.

I am suggesting a trigger to buy calls at $55.25 with a stop loss at $52.90. Our target is $59.00. FYI: The Point & Figure chart for HAIN is bullish with a $59 target.

Trigger @ 55.25

- Suggested Positions -

buy the JUN $55 call (HAIN1216F55) current ask $1.80

- or -

buy the JUL $60 call (HAIN1221G60) current ask $1.10

Annotated Chart:

Entry on May xx at $ xx.xx
Earnings Date 08/23/12 (unconfirmed)
Average Daily Volume = 742 thousand
Listed on May 24, 2012


Medivation, Inc. - MDVN - close: 88.92 change: +0.58

Stop Loss: 84.90
Target(s): 99.00
Current Option Gain/Loss: Unopened
Time Frame: 3 to 6 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
MDVN is a biotech firm. Shares have managed to rise toward new record highs in spite of the market's bearish performance in the month of May. Shares are poised to breakout past resistance at the $90.00 level, which should signal a run toward $100.

The option spreads are a little wide in MDVN so I am suggesting smaller positions to limit our risk. We will use a trigger at $90.25 to open positions with a stop loss at $84.90 to start. Our target is $99.00. FYI: The Point & Figure chart for MDVN is bullish with a $101 target.

Trigger @ 90.25 (small positions)

- Suggested Positions -

buy the JUN $95 call (MDVN1216F95) current ask $3.30

- or -

buy the JUL $100 call (MDVN1221G100) current ask $4.10

Annotated Chart:

Entry on May xx at $ xx.xx
Earnings Date 08/09/12 (unconfirmed)
Average Daily Volume = 755 thousand
Listed on May 24, 2012