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) PPG, MD, BG, BEAV,

(bearish ideas) RL, XEC, THS, GOLD


NEW DIRECTIONAL CALL PLAYS

Netflix, Inc. - NFLX - close: 92.56 change: +1.83

Stop Loss: 89.45
Target(s): 99.75
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
NFLX has been showing some relative strength the last couple of days thanks to some bullish analyst comments. The stock's breakout above resistance at $90.00 is also bullish. The next level of resistance is the $100 level. Traders bought the dip intraday at $90.00. I suspect that short covering could fuel the rally toward $100.

I am suggesting new bullish positions at the open tomorrow morning. more conservative traders may want to use a trigger at $93.50 instead since the market's pullback may not be over yet. NFLX can be a volatile stock so I do consider this a more aggressive, higher-risk trade and we will want to keep our position size small.

Target is $99.75.

- Suggested Positions - *Small Positions*

buy 2013 Jan $100 call (NFLX1319a100) current ask $4.05

Annotated Chart:

Entry on December xx at $ xx.xx
Average Daily Volume = 1.1 million
Listed on December 13, 2012