NEW DIRECTIONAL CALL PLAYS

SouFun Holdings - SFUN - close: 49.98 change: +2.36

Stop Loss: 47.90
Target(s): 57.50
Current Option Gain/Loss: Unopened
Time Frame: exit prior to October expiration
New Positions: Yes, see below

Company Description

Why We Like It:
SFUN operates a real estate focused Internet portal in China. The stock has been a popular play for the momentum traders. You'll note that shares can be volatile. Traders bought the dip near $45.00 last week. Now SFUN looks like it's coiling for a bullish breakout past short-term resistance near $51.00. If the trend of higher highs and higher lows continues we could see SFUN testing $60 soon.

This is an aggressive, higher-risk trade. I am suggesting we use small positions to help limit our risk. Use a trigger at $51.10 to launch bullish positions. The recent high near $53.50 could be resistance but we're aiming for $57.50. The Point & Figure chart for SFUN is bullish with a $63 target.

Trigger @ 51.10 *small positions*

- Suggested Positions -

buy the Oct $55 call (SFUN1319j55) current ask $1.70

Annotated Chart:

Entry on September -- at $---.--
Average Daily Volume = 1.2 million
Listed on September 23, 2013


NEW DIRECTIONAL PUT PLAYS

The Cooper Companies - COO - close: 129.25 change: -2.06

Stop Loss: 131.75
Target(s): 124.00
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
COO is a medical device company. The stock is in a long-term up trend but that trend could be in serious trouble. The month of September has seen COO produce a bearish double top near resistance at the $135 level. Now for the first time in four months we're seeing COO close below technical support at its 50-dma. The low today was $129.02. I am suggesting a trigger to buy puts at $128.90. If triggered our target is $124.00.

Trigger @ 128.90

- Suggested Positions -

buy the Oct $125 PUT (COO1319v125) current ask $1.85

Annotated Chart:

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