NEW DIRECTIONAL CALL PLAYS

Ingredion Inc. - INGR - close: 64.96 change: +0.01

Stop Loss: 63.25
Target(s): 69.00
Current Option Gain/Loss: Unopened
Time Frame: 3 to 6 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
INGR is in the consumer goods sector. The stock spent the first two weeks of November consolidating sideways while most of the market was declining. Since then the stock has broken out to new highs. I am suggesting we use a trigger to buy calls at $65.25. If triggered our target is $69.00.

Trigger @ 65.25

- Suggested Positions -

buy the 2013 Jan $65 call (INGR1319a65) current ask $1.85

Annotated Chart:

Entry on December xx at $ xx.xx
Average Daily Volume = 504 thousand
Listed on December 03, 2012