NEW DIRECTIONAL CALL PLAYS

Alaska Air Group - ALK - close: 93.31 change: +2.58

Stop Loss: 90.75
Target(s): 99.75
Current Option Gain/Loss: Unopened
Time Frame: 4 to 6 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
ALK is in the services sector. The company runs a regional airline. Airlines as a group have been holding up well and the XAL airline index closed near multi-year highs. ALK is outpacing its peers with a rally to new all-time highs.

ALK does have short-term resistance at $94.00. We're suggesting a trigger to buy calls at $94.25. If triggered our target is $99.75.

Trigger @ 94.25

- Suggested Positions -

Buy the May $95 call (ALK1417E95) current ask $3.20

Annotated Chart:

Entry on April -- at $---.--
Average Daily Volume = 692 thousand
Listed on March 31, 2014


NEW DIRECTIONAL PUT PLAYS

LinkedIn Corp. - LNKD - close: 184.94 change: -5.65

Stop Loss: 194.05
Target(s): 161.00
Current Option Gain/Loss: Unopened
Time Frame: 4 to 6 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
LNKD is considered part of the technology sector. The company is considered part of the social media space. A few weeks ago LNKD bounced on news it was entering the Chinese market but that rally reversed as the longer-term bearish trend resumed. Now it looks like the down trend could be accelerating with last week's oversold bounce already reversing.

We are suggesting small bearish positions now at the opening bell with a stop loss just above today's high. Our target is $161.00.

*small positions*

- Suggested Positions -

Buy the MAY $175 PUT (LNKD1417Q175) current ask $8.50

Annotated Chart:

Entry on April -- at $---.--
Average Daily Volume = 2.5 million
Listed on March 31, 2014