Editor's Note:


If you're looking for bearish candidates, you may want to consider checking out SINA and UNFI. Both stocks are showing relative weakness and breaking down below support.



NEW DIRECTIONAL CALL PLAYS

IntercontinentalExchange - ICE - close: 156.57 change: +2.57

Stop Loss: 152.75
Target(s): 164.50
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
The ICE issued a press release this morning that said its options and futures volume for the month of February 2013 was down -10% from a year ago. Traders ignored the news and shares of ICE rallied +1.6%, outperforming the major averages.

The stock looks poised to breakout from its recent consolidation. ICE can be a volatile stock so I am suggesting small positions. We'll use a trigger to buy calls at $156.85. If triggered our target is $164.50.

Trigger @ $156.85 *Small Positions*

- Suggested Positions -

buy the Apr $160 call (ICE1320d160) current ask $3.10

Annotated Chart:

Entry on March -- at $---.--
Average Daily Volume = 1.2 million
Listed on March 04, 2012


Pharmacyclics Inc. - PCYC - close: 91.41 change: +2.37

Stop Loss: 87.95
Target(s): 99.00
Current Option Gain/Loss: Unopened
Time Frame: 3 to 6 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
PCYC is a healthcare biopharmaceutical company focused on treating cancer and immune mediated diseases. The stock displayed a lot of strength in February. Shares have seen a very mild pullback from its recent high and now traders are buying the dip.

We want to hop on board. However, PCYC can be a volatile stock so we do want to keep our position size small to limit our risk. I am suggesting a trigger to buy calls at $91.75. If triggered our target is $99.00.

Trigger @ 91.75 *Small Positions*

- Suggested Positions -

buy the Apr $95 call (PCYC1320d95) current ask $4.50

Annotated Chart:

Entry on March -- at $---.--
Average Daily Volume = 788 thousand
Listed on March 04, 2012