Editor's Note:

In addition to tonight's new candidate(s), consider these stocks as possible trading ideas and watch list candidates. Some of these stocks may need to see a break past key support or resistance:

(bullish ideas) HD, NEE, V, CLB, VPRT

(bearish ideas) PCYC, CERN, PH, SNA, ASH, SHW, RLGY



NEW DIRECTIONAL CALL PLAYS

Prudential Financial - PRU - close: 73.03 change: +0.62

Stop Loss: 70.99
Target(s): 79.50
Current Option Gain/Loss: Unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
PRU is in the financial sector. The company provides a wide range of financial services including insurance and investment management. Rising interest rates and bond yields, especially government bond yields, should boost profits for companies like PRU who hold a significant amount of fixed income assets.

Shares of PRU have been showing relative strength and broke out past major resistance in the $67-70 zone in the last several weeks. Currently shares are consolidating beneath resistance in the $73.50 area. I am suggesting a trigger to buy calls at $73.65. However, more conservative investors may want to wait for PRU to actually close above $74.00 before initiating new bullish positions.

If triggered our multi-week target is $79.50.

Trigger @ 73.65

- Suggested Positions -

buy the Aug $75 call (PRU1317H75) current ask $2.12

Annotated Chart:

Entry on June -- at $---.--
Average Daily Volume = 3.1 million
Listed on June 29, 2013


NEW DIRECTIONAL PUT PLAYS

F5 Networks Inc. - FFIV - close: 68.80 change: -1.25

Stop Loss: 70.25
Target(s): 61.00
Current Option Gain/Loss: Unopened
Time Frame: 3 to 6 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
Shares of FFIV were upgraded on Friday morning but that didn't stop traders from selling the rally. Shares popped higher but reversed at short-term resistance near the 10-dma. FFIV underperformed the market on Friday with a -1.78% decline.

Bulls could argue that FFIV is oversold with shares down four weeks in a row and down more than $15 in that time period. Yet bears can argue that FFIV has broken below significant support near $70.00 and its 2011 lows. That means FFIV is at multi-year lows and the next clear support level should be the $60 mark.

We are suggesting a trigger to buy puts at $67.40. That means waiting for shares to breakdown below last week's low near $67.50. If we are triggered our target is $61.00.

Trigger @ 67.40

- Suggested Positions -

Buy the AUG $65 PUT (FFIV1317T65) current ask $2.90

Annotated Chart:

Entry on June -- at $---.--
Average Daily Volume = 1.7 million
Listed on June 29, 2013