NEW DIRECTIONAL CALL PLAYS

AMC Networks Inc. - AMCX - close: 59.76 change: +1.07

Stop Loss: 57.90
Target(s): 64.75
Current Option Gain/Loss: Unopened
Time Frame: Exit prior to earnings on Feb. 26th
New Positions: Yes, see below

Company Description

Why We Like It:
AMC is a cable tv network with multiple brands in almost 20 countries. They currently have one of the most popular shows on TV with their "Walking Dead" series.

The stock has a long term trend higher and shares appear to be breaking out of a recent sideways consolidation. I am suggesting a trigger to buy calls at $60.25. More conservative traders may want to wait for a rally past $61.00 before initiating positions because twice in January AMCX found resistance near the $61.00 level.

Please note this is a short-term trade. We do not want to hold over the company's earnings report on Feb. 26th. FYI: The Point & Figure chart for AMCX is bullish with an $86 target.

Trigger @ 60.25

- Suggested Positions -

buy the Mar $60 call (AMCX1316c60) current ask $2.20

Annotated Chart:

Entry on February -- at $---.--
Average Daily Volume = 486 thousand
Listed on February 13, 2012


WESCO Intl. Inc. - WCC - close: 75.51 change: +0.91

Stop Loss: 73.25
Target(s): 79.75
Current Option Gain/Loss: Unopened
Time Frame: 3 to 6 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
WCC is in the wholesale industrial equipment industry. They provide manufacturers with products, equipment, materials, and a logistics service. Shares have been consolidating beneath resistance at the $75.00 level the last couple of weeks. Today the stock produced a bullish breakout past this level to hit new multi-year highs.

Odds are good that WCC tries to rally toward its all-time high near $80 set back in 2006. Today's breakout past resistance could also spark some short covering. The most recent data listed short interest at 20% of the 41 million-share float.

I am suggesting new bullish positions at the open tomorrow morning. Our target is $79.75.

- Suggested Positions -

buy the Mar $75 call (WCC1316c75) current ask $2.50

Annotated Chart:

Entry on February -- at $---.--
Average Daily Volume = 918 thousand
Listed on February 13, 2012