NEW DIRECTIONAL CALL PLAYS

Axiall Corp. - AXLL - close: 62.09 change: -0.04

Stop Loss: 59.90
Target(s): 69.00
Current Option Gain/Loss: Unopened
Time Frame: 3 to 6 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
AXLL is in the basic materials sector. The company makes chemicals and building products. The stock has been showing relative strength and broke out to new four-year highs a few days ago. Broken resistance near $60.00 has already been tested as new support. There appears to be a little resistance at $63.00. Therefore I am suggesting a trigger to buy calls at $63.15. If triggered our target is $69.00. FYI: The Point & Figure chart for AXLL is bullish with an $83 target.

Trigger @ 63.15

- Suggested Positions -

buy the Apr $62.50 call (AXLL1320D62.5) current ask $2.30

- or -

buy the May $65 call (AXLL1318E65) current ask $2.30

Annotated Chart:

Entry on March -- at $---.--
Average Daily Volume = 1.3 million
Listed on March 19, 2012


McCormick & Co. - MKC - close: 71.01 change: +0.41

Stop Loss: 69.90
Target(s): 74.85
Current Option Gain/Loss: Unopened
Time Frame: Prepare to exit PRIOR to earnings on April 2nd
New Positions: Yes, see below

Company Description

Why We Like It:
MKC is one spicy stock! Actually the company makes spices, seasonings, and condiments. Shares have definitely been pretty hot with the stock up eight weeks in a row. MKC has been able to ignore most of the market's declines. This is a simple momentum trade. It also has a short time frame. MKC is due to report earnings on April 2nd and we do not want to hold over the announcement.

The recent high was $71.11 on March 14th. I am suggesting a trigger to buy calls at $71.20. If triggered our short-term target is $74.85. I would keep our position size small to limit our risk.

Trigger @ 71.20 *Small Positions*

- Suggested Positions -

buy the Jun $70 call (MKC1322F70) current ask $2.40

Annotated Chart:

Entry on March -- at $---.--
Average Daily Volume = 750 thousand
Listed on March 19, 2012