NEW DIRECTIONAL CALL PLAYS

Clovis Oncology, Inc. - CLVS - close: 86.76 change: +1.72

Stop Loss: 82.95
Target(s): 99.00
Current Option Gain/Loss: Unopened
Time Frame: exit prior to April expiration
New Positions: Yes, see below

Company Description

Why We Like It:
CLVS is in the healthcare sector. The company is a biotech firm focused on cancer treatments. Wall Street is bullish on the stock. In late February CLVS had its price target upgraded twice, both above $100. The stock spent most of last week consolidating sideways in the $80-85 zone. Now CLVS is breaking out and showing relative strength today.

I want to remind readers that trading biotech stocks should be considered higher-risk. The wrong headline about a clinical trial, or some step in the FDA approval process could send a biotech stock crashing. Of course the opposite is true as well.

CLVS can see some wide intraday swings so expect volatility and use small positions to limit your risk. I am suggesting bullish positions at the opening bell tomorrow. If triggered our target is $99.00.

- Suggested Positions -

Buy the Apr $95 call (CLVS1419D95) current ask $5.20

03/19/14 This is a higher-risk trade!

Annotated Chart:

Entry on March -- at $---.--
Average Daily Volume = 498 thousand
Listed on March 19, 2014


NEW DIRECTIONAL PUT PLAYS

Monster Beverage - MNST - close: 69.62 change: -1.37

Stop Loss: 71.60
Target(s): 63.00
Current Option Gain/Loss: Unopened
Time Frame: exit prior to April expiration
New Positions: Yes, see below

Company Description

Why We Like It:
MNST is in the consumer goods sector. The company is best known for its Monster brand energy drinks. The stock has been able to shake off multiple attacks on its energy drinks as critics and regulators look into accusations that MNST's products are unhealthy and pose a risk. However, it looks like the upward momentum in the stock failed in February. Shares have recently broken down from their bullish channel. Today saw another breakdown below support near $70 and its 50-dma.

Today's low was $69.24. I am suggesting a trigger at $69.00. If triggered our target is $63.00 (just above the 200-dma). More conservative traders may want to exit near $65.00, which could be new support.

FYI: The Point & Figure chart for MNST is bearish with a $64 target.

Trigger @ 69.00

- Suggested Positions -

Buy the APR $65 PUT (MNST1419P65) current ask $0.80

Annotated Chart:

Entry on March -- at $---.--
Average Daily Volume = 1.7 million
Listed on March 19, 2014