NEW DIRECTIONAL CALL PLAYS

Weight Watchers Intl. - WTW - close: 59.78 change: +0.47

Stop Loss: 58.75
Target(s): 64.50
Current Option Gain/Loss: Unopened
Time Frame: exit prior to earnings in mid February
New Positions: Yes, see below

Company Description

Why We Like It:
It's a new year. For many that means new diets, new year's resolutions to lose weight and get in shape. That could be fueling gains in shares of WTW. The stock has rallied to resistance near $60.00 and its 300-dma. The January 16th high was $60.30. I am suggesting a trigger to buy calls at $60.50. If triggered our target is $64.50. However, we will plan to exit prior to the mid February earnings report. FYI: The Point & Figure chart for WTW is bullish with a $78 target.

Trigger @ 60.40

- Suggested Positions -

buy the Feb $62.50 call (WTW1316B62.5) current ask $2.30

Annotated Chart:

Entry on January -- at $---.--
Average Daily Volume = 732 thousand
Listed on January 17, 2012


Wynn Resorts Ltd. - WYNN - close: 123.46 change: +0.50

Stop Loss: 121.90
Target(s): 129.75
Current Option Gain/Loss: Unopened
Time Frame: Exit prior to earnings (likely late Jan or early Feb)
New Positions: Yes, see below

Company Description

Why We Like It:
2013 has already been a bullish year for WYNN with the stock up almost +10 YTD. Now WYNN has spent the last few days consolidating sideways beneath resistance at the $124.00 level. This is also the early November 2012 high. A breakout could signal the next leg higher and forecast a run into the $130-135 area.

I am suggesting a trigger to buy calls on WYNN at $124.25. If triggered our target is $129.75. We do not want to hold over the very late January earnings (an unconfirmed date).

Trigger @ 124.25

- Suggested Positions -

buy the Feb $125 call (WYNN1316B125) current ask $2.90

Annotated Chart:

Entry on January -- at $---.--
Average Daily Volume = 1.24 million
Listed on January 17, 2012