NEW DIRECTIONAL CALL PLAYS

BP Prudhoe Bay Royalty Trust - BPT - close: 79.80 change: +0.98

Stop Loss: 78.25
Target(s): 87.50
Current Option Gain/Loss: Unopened
Time Frame: Exit prior to earnings in early March
New Positions: Yes, see below

Company Description

Why We Like It:
BPT operates a grantor trust for royalty interests in the Prudhoe Bay oil field in Alaska. This equity currently has a +11% dividend yield. Shares of BPT were plunging in Q4 2012 partly due to huge worries over the fiscal cliff and what the tax implications might be. Most of the fiscal cliff worries have been mitigated and shares have seen a significant rebound. Now BPT is hovering just below resistance at the $80.00 mark.

I am suggesting a trigger to open small bullish positions at $80.25. If triggered our target is $87.50. FYI: The Point & Figure chart for BPT is bullish with a $110 target.

Trigger @ 80.25 *Small Positions*

- Suggested Positions -

buy the Mar $80 call (BPT1316c80) current ask $1.85

Annotated Chart:

Entry on February -- at $---.--
Average Daily Volume = 131 thousand
Listed on February 07, 2012