Editor's Note:

In addition to tonight's new candidate(s), consider these stocks as possible trading ideas and watch list candidates. Many of these need to see a break past key support or resistance:

(bullish ideas) WYNN, SIRO, LMT, CP,


NEW DIRECTIONAL CALL PLAYS

Harley-Davidson - HOG - close: 46.76 change: +0.64

Stop Loss: 45.40
Target(s): 52.25
Current Option Gain/Loss: Unopened
Time Frame: 3 to 6 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
HOG rallied sharply on its Oct. 23rd earnings report. Shares have been consolidating sideways since as the stock digests those gains. I suspect shares are poised to move higher from here. Aggressive traders could buy calls now. I am suggesting a trigger to buy calls at $47.50. Now the $50.00 level could be round-number resistance and conservative traders may want to exit near $50.00. I am setting our exit target at $52.25 instead.

Trigger @ $47.50

- Suggested Positions -

buy the DEC $50 call (HOG1222L50) current ask $0.66

Annotated Chart:

Entry on November xx at $ xx.xx
Average Daily Volume = 2.5 million
Listed on October 31, 2012


NEW DIRECTIONAL PUT PLAYS

Carpenter Technology - CRS - close: 48.61 change: -0.84

Stop Loss: 50.55
Target(s): 44.25
Current Option Gain/Loss: Unopened
Time Frame: 3 to 6 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
CRS has been showing significant relative weakness ever since the company reported earnings on Oct. 23rd. Now CRS has broken through technical support at all of its major moving averages and the $50.00 level.

I would consider this trade slightly more aggressive or higher risk because you could argue CRS is already a bit oversold here and due for a bounce. Yet there was no bounce off the 200-dma, the $50 level or the 100-dma.

I am suggesting small bearish positions at the open tomorrow.

- Suggested *SMALL* Positions -

buy the DEC $45 PUT (CRS1222x45) current ask $1.20

Annotated Chart:

Entry on November xx at $ xx.xx
Average Daily Volume = 415 thousand
Listed on October 31, 2012