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)
IWM, WSO, CRR, EQT, RTN, TWX, RS, TJX, SHW, TM, ROP, RAX, JAZZ, TSCO, MELI, ILMN.



NEW DIRECTIONAL CALL PLAYS

Boeing Co. - BA - close: 119.38 change: +0.87

Stop Loss: 117.75
Target(s): 127.50
Current Option Gain/Loss: Unopened
Time Frame: Exit prior to Oct. 23 earnings announcement
New Positions: Yes, see below

Company Description

Why We Like It:
The defense-related names are on the rise again. While many in the group saw a pullback in mid September, shares of BA managed to weather the industry decline with only a minor drop. BA does more than make military equipment. Wall Street seems to be immune to the monthly, if not weekly, headlines regarding technical difficulties with BA's 787 Dreamliner planes. On the subject of commercial aviation there was a new study out this week. According to French aviation giant Airbus, their global market forecast said, "In the next 20 years, air traffic will grow at 4.7 percent annually, requiring over 29,220 new passenger and freighter aircraft valued at nearly $4.4 trillion." That's a lot of new planes!

Right now BA is consolidating sideways below resistance near the $120 level. The September 19th high was $120.38. I am suggesting a trigger to buy calls at $120.50. If triggered our target is $127.50 but we will plan on exiting positions prior to BA's earnings report in late October.

Trigger @ 120.50

- Suggested Positions -

Buy the NOV $125 call (BA1316K125) current ask $1.66

Annotated Chart:

Entry on September -- at $---.--
Average Daily Volume = 4.5 million
Listed on September 26, 2013


Workday, Inc. - WDAY - close: 82.37 change: +2.10

Stop Loss: 79.75
Target(s): 89.00
Current Option Gain/Loss: Unopened
Time Frame: 4 to 6 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
WDAY is part of the new cloud-based application software industry. Wall Street is pretty bullish on the stock. Just the last four weeks have seen multiple firms raise their price targets on WDAY. Yet there are some investors who believe the stock has gone too far too fast. Unfortunately for the shorts WDAY continues to climb. The stock could actually see a short squeeze. The most recent data listed short interest at 18% of the 65.2 million share float.

On a short-term basis WDAY has been bouncing off its rising 10-dma and look poised to hit new highs soon. Today's intraday high was $82.55. I am suggesting a trigger to buy calls at $82.75. If triggered our target is $89.00.

Trigger @ 82.75

- Suggested Positions -

Buy the Dec $90 call (WDAY1322L90) current ask $2.80

Annotated Chart:

Entry on September -- at $---.--
Average Daily Volume = 1.2 million
Listed on September 26, 2013