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)
MPC, DISH, EQT, ARII, RE,

(bearish ideas)
MMM, SJM, RL, IBM,



NEW DIRECTIONAL CALL PLAYS

Russell 2000 ETF - IWM - close: 117.54 change: +0.49

Stop Loss: 115.25
Target(s): TBD
Current Option Gain/Loss: Unopened
Time Frame: exit prior to May expiration
New Positions: Yes, see below

Company Description

Why We Like It:
The IWM is the iShares ETF on the small cap Russell 2000 index. The IWM has only seen a -2.5% pullback from its all-time intraday highs set a few days ago. The IWM was showing relative strength on Friday with a bounce. Currently investors are holding their breath over the vote in Crimea (Ukraine) this weekend. Once the referendum is over and the Russians and Ukrainians do not start shooting at each other then stocks could bounce.

We are suggesting a trigger to buy calls on the IWM at $118.25. We are not setting an exit target yet but keep an eye on the trend line of higher highs. We will start this play with a stop loss at $115.25, just under the March low.

Trigger @ 118.25

- Suggested Positions -

Buy the May $120 call (IWM1417E120) current ask $2.25

Annotated Chart:

Entry on March -- at $---.--
Average Daily Volume = 43 million
Listed on March 15, 2014


NEW DIRECTIONAL PUT PLAYS

State Street Corp. - STT - close: 64.73 change: +0.25

Stop Loss: 65.25
Target(s): 60.25
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
STT is in the financial sector. The company provides financial services and products to the asset management industry. The stock broke its long-term up trend following a post-earnings sell-off in late January. STT tried to recover but traders started selling the rallies at resistance. Now STT is poised to break below support near $64.00.

I am suggesting a trigger to buy puts at $63.90. If triggered our short-term target is $60.25. More aggressive traders could aim lower. The Point & Figure chart for STT is bearish with a $53 target.

Trigger @ 63.90

- Suggested Positions -

Buy the Apr $65 PUT (STT1419P65) current ask $2.25

Annotated Chart:

Entry on March -- at $---.--
Average Daily Volume = 2.9 million
Listed on March 15, 2014