NEW DIRECTIONAL CALL PLAYS

CommVault Sys. - CVLT - close: 82.74 change: +1.41

Stop Loss: 79.45
Target(s): 89.00
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
CVLT has been trending higher for months. Yet last week saw CVLT surged higher and broke through resistance near $80.00 on takeover speculation. Since then the stock has corrected a bit and retested broken resistance near $80.00 as new support. The stock looks poised to rally again. I am suggesting a trigger to buy calls at $83.25. If triggered our target is $89.00.

Trigger @ 83.25

- Suggested Positions -

buy the Apr $85 call (CVLT1320D85) current ask $2.70

Annotated Chart:

Entry on March -- at $---.--
Average Daily Volume = 627 thousand
Listed on March 20, 2012


NEW DIRECTIONAL PUT PLAYS

Joy Global, Inc. - JOY - close: 58.72 change: -0.31

Stop Loss: 60.25
Target(s): 52.50
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
Many of the metal and mining stocks continue to underperform. Shares of JOY have broken down below a significant trend line of support. Now they are flirting with a bearish breakdown under technical support at the simple 200-dma. Today's low was $57.71. I am suggesting a trigger to buy puts at $57.50. Our target is $52.50 but you could aim for the $50 level.

Trigger @ 57.50

- Suggested Positions -

buy the Apr 60 PUT (JOY1320P60) current ask $1.35

Annotated Chart:

Entry on March -- at $---.--
Average Daily Volume = 2.7 million
Listed on March 20, 2012