NEW DIRECTIONAL CALL PLAYS

Health Care REIT - HCN - close: 60.85 change: +0.38

Stop Loss: 59.85
Target(s): 64.75
Current Option Gain/Loss: Unopened
Time Frame: exit prior to the Aug 6th earnings
New Positions: Yes, see below

Company Description

Why We Like It:
HCN is a high-dividend REIT stock with a 4.9% yield. The stock is likely seen as a safe haven for investors to hide their money and get paid to wait. The stock hit new all-time highs about a week ago. Now after a short pullback traders are buying the dip near round-number support at $60.00.

Today's high was $60.97. I am suggesting a trigger to open bullish positions at $61.15. Our target is $64.75. FYI: The Point & Figure chart for HCN is bullish with a $70 target.

Trigger @ 61.15

- Suggested Positions -

Buy the Aug $60 call (HCN1218H60) current ask $1.40

Annotated Chart:

Entry on July xx at $ xx.xx
Earnings Date 08/06/12 (confirmed)
Average Daily Volume = 1.5 million
Listed on July 23, 2012


NEW DIRECTIONAL PUT PLAYS

Wynn Resorts - WYNN - close: 95.02 change: -2.29

Stop Loss: 96.25
Target(s): 85.50
Current Option Gain/Loss: Unopened
Time Frame: 3 to 6 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
WYNN is a major casino company with operations in Las Vegas and Macau (off the coast of China). The company recently reported earnings and missed estimates for both the profit and revenue expectations. Shares were already in a bearish trend of lower highs. Now the bounce has failed at resistance near $100.

Today's low was $94.00. I am suggesting a trigger to open bearish positions at $93.75. The $90.00 level might offer some support but our target is $85.50. FYI: The Point & Figure chart for WYNN is bearish with a $60 target.

Trigger @ 93.75

- Suggested Positions -

buy the Aug $90 PUT (WYNN1218T90) current ask $1.87

Annotated Chart:

Entry on July xx at $ xx.xx
Earnings Date 07/17/12
Average Daily Volume = 2.3 million
Listed on July 23, 2012