NEW DIRECTIONAL CALL PLAYS

Gulfport Energy - GPOR - close: 74.00 change: +0.81

Stop Loss: 71.70
Target(s): 79.50
Current Option Gain/Loss: Unopened
Time Frame: 3 to 5 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
GPOR is in the basic materials sector. The company producers oil and natural gas in the United States. The company's most recent earnings report in late February was a disappointment but that hasn't stopped the rally. The stock received bullish comments and higher price targets from two analysts last week. GPOR also managed to outperform the major indices with a rally on Friday to close at new all-time highs.

The relative strength is very encouraging. Friday's intraday high was $74.18. I am suggesting a trigger to open bullish positions at $74.25. Plan on exiting prior to GPOR's earnings report in mid May.

Trigger @ 74.25

- Suggested Positions -

Buy the May $75 call (GPOR1417E75) current ask $3.70

Annotated Chart:

Entry on April -- at $---.--
Average Daily Volume = 1.45 million
Listed on April 12, 2014


NEW DIRECTIONAL PUT PLAYS

Avago Technologies - AVGO - close: 58.53 change: -1.33

Stop Loss: 60.35
Target(s): 53.00
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
AVGO is in the technology sector. The company designs semiconductors and similar technology. This stock more than doubled from its 2013 lows before finally running into resistance last month near the $65.00 region. Now with the market's sell-off, especially in tech names, we are seeing AVGO correct lower. This past week has seen a breakdown below support near $60.00 and its 50-dma.

Friday's low was $58.46. Tonight we are suggesting a trigger for put positions at $58.35. If triggered our target is $53.00 since the $52-53 area is likely support.

FYI: It should not be a stock-moving event but investors may want to be aware that AVGO is in the process of acquiring LSI Logic for $6.6 billion. The acquisition is expected to be completed in the first half of 2014.

FYI: The Point & Figure chart for AVGO is bearish with a $52 target.

Trigger @ 58.35

- Suggested Positions -

Buy the May $57.50 PUT (AVGO1417Q57.5) current ask $2.00

Annotated Chart:

Entry on April -- at $---.--
Average Daily Volume = 2.1 million
Listed on April 12, 2014


Stratasys Ltd. - SSYS - close: 94.58 change: -2.71

Stop Loss: 100.50
Target(s): 81.00
Current Option Gain/Loss: Unopened
Time Frame: 4 to 6 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
SSYS is in the technology sector. The company is part of the 3-D printing industry. Some of the 3-D printing stocks were big winners in 2013 the momentum has turned in 2014. The group is experiencing a bear market. Most of the stocks in this industry peaked in late 2013 or January this year. SSYS set a new lower high in late February and it's been in a bearish trend since.

This past week saw SSYS breakdown below key support at its 300-dma and the $100.00 level. The next major support levels look like $90 and $80. The P&F chart for SSYS is bearish with an $86 target.

We are suggesting bearish positions immediately, at the opening bell on Monday. We'll start with a stop loss at $100.50. Our target is $81.00. The 3-D printing stocks can be volatile. I am suggesting we try and limit our risk with small positions.

Keep an eye on SSYS' peers (DDD, VJET, XONE and ONVO).

*Small Positions*

- Suggested Positions -

Buy the May $90 PUT (SSYS1417Q90) current ask $4.50

Annotated Chart:

Entry on April -- at $---.--
Average Daily Volume = 1.3 million
Listed on April 12, 2014