NEW DIRECTIONAL PUT PLAYS

Concur Technologies - CNQR - close: 65.60 change: -1.94

Stop Loss: 66.75
Target(s): 60.25
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
CNQR sells integrated travel and expense management solutions. The stock has been underperforming this year with a trend of lower highs and bearish breakdowns below support. Now CNQR is testing technical support at its simple 300-dma. A breakdown here could signal a drop toward its November lows.

Today's low was $65.22. I am suggesting a trigger to buy puts at $64.75. If triggered our target is $60.25. Readers may want to keep their position size small. The most recent data listed short interest at 21% of the small 53.5 million share float. That does raise the risk of a short squeeze should CNQR suddenly reverse higher. FYI: The Point & Figure chart for CNQR is bearish with a $59 target.

Trigger @ 64.75

- Suggested Positions -

buy the May $65 PUT (CNQR1318Q65) current ask $2.90

Annotated Chart:

Entry on April -- at $---.--
Average Daily Volume = 325 thousand
Listed on April 03, 2013


Teradata Corp. - TDC - close: 56.07 change: -1.09

Stop Loss: 57.55
Target(s): 50.50
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
Shares of this technology stock have been underperforming the market since they reversed in late January. Since then investors have been selling into strength and the recent bounce just reversed. Now TDC is sitting on support near $56.00. The March 19th low was $55.75. I am suggesting a trigger to buy puts at $55.50. If triggered our target is $50.50.

Trigger @ 55.50

- Suggested Positions -

buy the May $55 PUT (TDC1318Q55) current ask $2.25

Annotated Chart:

Entry on April -- at $---.--
Average Daily Volume = 1.6 million
Listed on April 03, 2013