NEW DIRECTIONAL PUT PLAYS

Accenture Plc - ACN - close: 74.25 change: -0.75

Stop Loss: 75.21
Target(s): 70.25
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
ACN is a major consulting firm. The stock was hammered lower on June 28th when the company issued an earnings warning for their fourth quarter. Since then the stock has managed a technical bounce back to the 61.8% Fibonacci retracement of the sell-off. Now shares are beginning to roll over. More aggressive traders may want to buy puts now. We want to wait for ACN to trade below potential technical support at the simple 200-dma. Therefore we're suggesting a trigger to buy puts at $73.80. If triggered our short-term target is $70.25. FYI: The Point & Figure chart for ACN is bearish with a $54 target.

Trigger @ 73.80

- Suggested Positions -

Buy the Aug $72.50 PUT (ACN1317T72.5) current ask $0.70

Annotated Chart:

Entry on July -- at $---.--
Average Daily Volume = 4.9 million
Listed on July 23, 2013


The Mosaic Co. - MOS - close: 53.45 change: -0.19

Stop Loss: 54.65
Target(s): 50.25
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
The trend in MOS is down. The company's recent earnings report showed record volume for its fertilizer products. Unfortunately, excessive supply in the global market has pushed prices down significantly. The stock now looks poised to breakdown below support near $53.00.

We are suggesting a trigger to buy puts at $52.95. If triggered our short-term target is $50.25 but more aggressive traders may want to aim lower. The Point & Figure chart for MOS is bearish with a $45 target.

Trigger @ 52.95

- Suggested Positions -

Buy the Aug $52.50 PUT (MOS1317T52.5) current ask $1.10

Annotated Chart:

Entry on July -- at $---.--
Average Daily Volume = 4.0 million
Listed on July 23, 2013