NEW DIRECTIONAL CALL PLAYS

Concur Technologies - CNQR - close: 69.22 change: +1.41

Stop Loss: 67.65
Target(s): 74.75
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
Initial reaction to CNQR's earnings report was bearish. Yet the company beat estimates and guided higher. Traders bought the dip near technical support at the rising 100-dma. Now the stock is back to testing resistance near $70.00. A breakout here would be a new all-time record high.

I am suggesting a trigger to buy calls at $70.25. We'll use a stop loss at $67.65 (under today's low). Our target is $74.75.

Trigger @ 70.25

- Suggested Positions -

buy the Sep $75 call (CNQR1222i75) current ask $1.05

- or -

buy the Nov $75 call (CNQR1217j75) current ask $3.10

Annotated Chart:

Entry on August xx at $ xx.xx
Average Daily Volume = 577 thousand
Listed on August 13, 2012


PVH Corp. - PVH - close: 84.90 change: +1.06

Stop Loss: 82.65
Target(s): 91.50
Current Option Gain/Loss: Unopened
Time Frame: exit prior to the Aug 27th earnings report
New Positions: Yes, see below

Company Description

Why We Like It:
PVH is in the apparel business. The stock has been consolidating sideways in the $73-83 range for months. The stock recently broke out of this range and now it is consolidating under resistance near $85 before starting its next leg higher.

We want to jump on board. I am suggesting a trigger to buy calls at $85.25. If triggered we'll use a stop loss at $82.65 (under today's low). The $90.00 level could be resistance but we will aim for the 2012 highs near $92.00. FYI: The Point & Figure chart for PVH is bullish with a $97 target.

Trigger @ 85.25

- Suggested Positions -

buy the Sep $87.50 call (PVH1222i87.5) current ask $3.00

Annotated Chart:

Entry on August xx at $ xx.xx
Average Daily Volume = 845 thousand
Listed on August 13, 2012