NEW DIRECTIONAL PUT PLAYS

Fossil, Inc. - FOSL - close: 98.65 change: -2.49

Stop Loss: 103.30
Target(s): 93.25
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
You could certainly argue that the payroll tax and higher gas prices may negative impact FOSL's sales. Technically the stock has been reversing for almost two weeks. Today saw a breakdown below support at its 50-dma and the $100.00 mark.

I am suggesting put options at the open. We'll use a stop loss above today's high. Our target is $93.25.

- Suggested Positions -

buy the Mar $95 PUT (FOSL1316o95) current ask $1.95

Annotated Chart:

Entry on February 26 at $---.--
Average Daily Volume = 1.1 million
Listed on February 25, 2012


Monsanto Company - MON - close: 98.09 change: -1.89

Stop Loss: 100.65
Target(s): 92.50
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
MON is a giant in the agricultural chemical business. It looks like the stock produced a bearish double top with the peak in January and recently in February. After falling to its 50-dma, MON tried to bounce. Yet today's session has created a new bearish reversal near resistance at $100 and its 40-dma.

Last week's low was $97.90. I am suggesting a trigger to buy puts at $97.80. If triggered our target is $92.50.

Trigger @ 97.80

- Suggested Positions -

buy the Mar $95 PUT (MON1316o95) current ask $1.04

Annotated Chart:

Entry on February -- at $---.--
Average Daily Volume = 2.5 million
Listed on February 25, 2012