NEW DIRECTIONAL CALL PLAYS

Facebook, Inc. - FB - close: 70.84 change: -0.73

Stop Loss: 68.40
Target(s): 77.50
Current Option Gain/Loss: Unopened
Time Frame: exit prior to April expiration
New Positions: Yes, see below

Company Description

Why We Like It:
FB is in the technology sector. They are the largest social network on the planet with over 1.06 billion active monthly users. The stock remains a favorite for the momentum trading crowd. Shares just tagged new all-time highs yesterday.

I am suggesting a trigger to buy calls at $71.25. More conservative traders may want to wait for a breakout past $72.00 (a new high) before initiating positions. If triggered our multi-week target is $77.50. Investors may want to aim higher. The Point & Figure chart is very bullish with a long-term target of $110.

Trigger @ 71.25

- Suggested Positions -

Buy the Apr $75 call (FB1419D75) current ask $2.21

Annotated Chart:

Entry on March -- at $---.--
Average Daily Volume = 58 million
Listed on March 06, 2014