NEW DIRECTIONAL CALL PLAYS

Raytheon Co. - RTN - close: 100.96 change: +0.87

Stop Loss: 98.40
Target(s): to be determined
Current Option Gain/Loss: Unopened
Time Frame: 4 to 5 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
RTN is in the industrial goods sector. The company is part of the defense industry. The defense stocks, as a group, have continued to maintain their bullish trend and RTN is one of the stronger stocks in the group. Traders were buying the dip near $98 and its 20-dma.

Tonight we are suggesting a trigger to buy calls at $101.25. More conservative traders may want to wait for a new high above $102.15 before initiating positions.

We will start this play with a stop loss at $98.40. I'm not setting an exit target yet but it will probably be in the $107-110 zone.

Trigger @ 101.25

- Suggested Positions -

Buy the APR $100 call (RTN1419D100) current ask $2.64

Annotated Chart:

Entry on March -- at $---.--
Average Daily Volume = 1.9 million
Listed on March 17, 2014