NEW DIRECTIONAL CALL PLAYS

Under Armour - UA - close: 53.23 change: -0.02

Stop Loss: 50.75
Target(s): 58.50
Current Option Gain/Loss: + 0.0%
Time Frame: Exit prior to earnings on April 19th
New Positions: Yes, see below

Company Description

Why We Like It:
UA's larger rival Nike (NKE) recently surged to new highs on better than expected earnings news. Meanwhile shares of UA were consolidating sideways under resistance near $51-52 and its simple 200-dma. This week has seen UA breakout past key resistance. The stock might see a pre-earnings rally as investors anticipate similarly good earnings news from UA.

I am suggesting small bullish positions now at current levels. More nimble traders could try and buy a dip near the simple 200-dma around the $52.00 level instead. Our target is $58.50 but we will plan on exiting prior to the April 19th earnings report.

- Suggested Positions - *Small Positions*

buy the May $55 call (UA1318e55) current ask $1.80

Annotated Chart:

Entry on April -- at $---.--
Average Daily Volume = 1.4 million
Listed on April 04, 2013


NEW DIRECTIONAL PUT PLAYS

Kirby Corp. - KEX - close: 73.30 change: -0.80

Stop Loss: 76.05
Target(s): 67.00
Current Option Gain/Loss: + 0.0%
Time Frame: 3 to 6 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
KEX is in the shipping industry. Unfortunately it looks like the rally in the transportation sector has run out of steam. KEX was very overbought with a rally from $54 to $78. Now shares appear to have topped out and have begun to correct lower.

I am suggesting new bearish positions now at current levels. If the stock does manage a bounce I would look for resistance near $75.00. Conservative traders may want to put their stop loss just above $75.00. We are listing our initial stop at $76.05. The $70.00 level could be support but we're aiming for $67.00.

- Suggested Positions -

buy the May $70 PUT (KEX1318Q70) current ask $1.50

Annotated Chart:

Entry on April -- at $---.--
Average Daily Volume = 391 thousand
Listed on April 04, 2013