NEW DIRECTIONAL CALL PLAYS

Spirit Airlines - SAVE - close: 59.65 change: +1.96

Stop Loss: 57.25
Target(s): 65.00
Current Option Gain/Loss: Unopened
Time Frame: 4 to 5 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
SAVE is in the services sector. The company runs a low-fare airline to 50 destinations in the U.S., Caribbean, and Latin America. The airline stocks have been showing relative strength in recent weeks. SAVE is up four weeks in a row even after spending most of last week consolidating sideways below resistance at the $60 level.

Now shares look poised to breakout past $60.00. I am suggesting a trigger to buy calls at $60.50. If triggered our target is $65.00.

Trigger @ 60.50

- Suggested Positions -

Buy the Apr $60 call (SAVE1419D60) current ask $2.65

Annotated Chart:

Entry on March -- at $---.--
Average Daily Volume = 1.0 million
Listed on March 10, 2014


VMware, Inc. - VMW - close: 103.03 change: +1.52

Stop Loss: 99.75
Target(s): 114.00
Current Option Gain/Loss: Unopened
Time Frame: 4 to 6 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
VMW is in the technology sector. The company provides "virtualization software" and cloud computing services. VMW displayed relative strength today after Credit Suisse raised their price target on the stock from $110 to $130. The recent breakout past resistance at $100 should have the shorts worried. The most recent data listed short interest at 19% of the 80.1 million share float. Further gains could spark a short squeeze.

Last week's highs were in the $103.40 area for VMW. I am suggesting a trigger to buy calls at $103.55. If triggered our target is $114.00. More aggressive traders could aim higher. The point & figure chart just produced a brand new triple-top breakout buy signal this month and is forecasting at $121 target.

Trigger @ 103.55

- Suggested Positions -

Buy the Apr $105 call (VMW1419D105) current ask $3.20

Annotated Chart:

Entry on March -- at $---.--
Average Daily Volume = 2.0 million
Listed on March 10, 2014


NEW DIRECTIONAL PUT PLAYS

Akamai Tech. - AKAM - close: 59.39 change: -1.61

Stop Loss: 61.25
Target(s): 55.10
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
AKAM is in the technology sector. The company provides cloud computing and online business applications. In early February shares of AKAM soared on a better than expected earnings report and bullish guidance. AKAM went from $47 to $63 in about three weeks. Now it looks like the rally has run out of gas and AKAM is starting to correct lower. Today's break below short-term support at $60.00 is a potential sell signal.

Today's low was $59.08. I am suggesting a trigger to buy puts at $58.95. If triggered our target is $55.10.

Trigger @ 58.95

- Suggested Positions -

Buy the Apr $57.50 put (AKAM1419P57.5) current ask $1.30

Annotated Chart:

Entry on March -- at $---.--
Average Daily Volume = 3.0 million
Listed on March 10, 2014