Editor's Note:

Investors are still nervous about how the EU is going to solve the debt problems for their weakest members. Traders took a little money off the table in reaction to Portugal being downgraded by Fitch. Overall the trend remains up with only five days left in the first quarter.

Current Portfolio:


CALL Play Updates

Apple Inc - AAPL close: 229.37 change: +1.01 stop: 222.49

AAPL shrugged off market weakness to close at new highs. Shares did struggle with the $230 level all day long. If the stock sees a pull back I would look for support and a new entry point on a dip or a bounce near the $226-225 area. Our first target is $234.90. Our second target is $239.75. More aggressive traders may want to keep their stop loss under support at the $220 level. FYI: I'm still concerned that stocks are overbought. I would keep your position size small.

Current Position: BUY CALL APRIL $230 (AAPL 10D230.00) current ask $5.25

Entry on March 23rd at $228.00
Earnings Date 04/21/10
Average Daily Volume = 18.6 million
Listed on March 22nd, 2010


Cash America - CSH - close: 39.31 change: -0.31 stop: 36.75

CSH slipped lower again but shares seemed to find some support near their 30-dma. Our plans have not changed. We have two different entry points spelled out. Be aware that the breakout entry point is more aggressive and higher risk.

Our first is the buy-the-dip strategy with a trigger to buy calls at $38.25. If CSH hits $38.25 we want to buy the April $40 calls and we'll use a stop loss at $36.75. Our first target is $41.00. Our second target is $44.00.

We also have a breakout trigger to buy calls on CSH if shares hit $41.20. This is a much more aggressive entry point so we want to keep positions small. If CSH hits our trigger at $41.20 we'll use a stop loss at $39.40. Our target is $44.25. We want to buy the April $45 calls. They are cheap so don't go overboard. Remember, small positions! This way if CSH reverses on us we will limit our risk.

Buy-the-Dip: Use a trigger at $38.25 to buy calls.

Suggested Position: BUY CALL APRIL $40 (CSH 10D40.00) current ask $1.55

Buy-the-Breakout: Use a trigger at $41.20 to buy calls.

Suggested Position: BUY CALL APRIL $45 (CSH 10D45.00) current ask $0.15

Entry on March xxth at $ xx.xx
Earnings Date 04/22/10
Average Daily Volume = 272 thousand
Listed on March 13th, 2010


Cognizant Technology - CTSH - close: 51.92 change: -0.60 stop: 49.75

CTSH edged away from yesterday's 52-week high. Technical traders will note that the MACD indicator on the daily chart is about to produce a new sell signal. I am suggesting caution here and we are not suggesting new bullish positions at this time. More conservative traders may want to up their stops toward the $50.50 level. I see what could be short-term support near $51.00. Our initial target is $54.75.

Current Position: CALL APRIL $55 (CTSH 10D55.00) @ 0.40

Entry on March 11th at $ 50.54
Earnings Date 05/04/10
Average Daily Volume = 4.05 million
Listed on March 10th, 2010


Express Scripts - ESRX - close: 100.83 change: -1.17 stop: 97.99

ESRX is fading back toward the $100 level. As broken resistance the $100 level should offer the stock some support. I suggested that more patient traders wait for a dip near $100 as their entry point. I do consider this an aggressive trade since ESRX is so over extended but it can always grow more overbought. Our first target is $104.90. Our second target is $107.45. More aggressive traders could aim higher. Our time frame is just a couple of weeks.

Current Position: BUY CALL APRIL $105 (ESRX 10D105.00) at $1.10

Entry on March 24th at $101.99
Earnings Date 04/29/10
Average Daily Volume = 2.51 million
Listed on March 23rd, 2010


Coca-Cola - KO - close: 54.62 change: -0.68 stop: 52.95

Shares of KO retreated after breaking out past the $55 level yesterday. Shares are near what should be technical support at the 50-dma. Readers can use this dip as an entry point or wait for a bounce from here. After breaking out from its nearly four-month consolidation I'm expecting KO to try and catch up with its rivals. The stock doesn't move super fast but I envision a rally toward the December highs over the next few weeks. Our target to exit is $59.00.

Current Position: BUY CALL May $55.00 (KO 10E55.00) at $1.62

Entry on March 24th at $ 55.22
Earnings Date 04/21/10
Average Daily Volume = 14.6 million
Listed on March 23rd, 2010


L-3 Communications - LLL - close: 93.52 change: -1.10 stop: 91.25

Shares of LLL followed defense stocks and the major market indices lower. The stock closed on its rising 10-dma. If you believe the trend is still up then this could be a new entry point to buy calls. Readers may want to wait for a bounce from the $92.50-92.00 zone before launching positions again. Our first target is $97.00. Our final target is $99.75.

We chose the $100 calls to keep our capital investment very small. Keep your position size limited.

Current Position: BUY CALL APRIL 100.00 (LLL 10D100.00) @ $0.30

Entry on March 18th at $ 93.88
Earnings Date 04/22/10
Average Daily Volume = 908 thousand
Listed on March 17th, 2010


NII Holdings Inc. - NIHD - close: 41.25 change: -0.40 stop: 39.45

NIHD is still trying to rally. Shares hit a new relative high this morning at $42.19. Unfortunately the stock reversed as the rest of the market contracted. I suspect NIHD is poised to retest the $40.00 level again soon. Wait for a bounce from $40 before considering new positions. Our first target is the $44.00 level.

Current Position: BUY CALL APRIL $40 (NIHD 10D40.00) @ $1.85

Entry on March 11th at $ 40.10
Earnings Date 04/22/10
Average Daily Volume = 2.68 million
Listed on March 10th, 2010


Priceline.com - PCLN - close: 243.80 change: -0.61 stop: 236.00

Wednesday turned out to be a quiet day for a high-dollar, somewhat volatile stock like PCLN. Shares just drifted sideways in a narrow range, which I see as a show of strength since traders could have used the market weakness as an excuse to take profits. Instead PCLN remains poised to breakout higher from this consolidation.

The recent high was $246.01. I'm suggesting we buy calls at $246.50. This is a very aggressive trade. We need to keep our positions small. If triggered at $246.50 I'm suggesting a stop at $236.00. Our target is $275.00. Our time frame is about four weeks.

Trigger to buy calls a $246.50.

Suggested Position: BUY CALL APRIL $260 (PCLN 10D260.00) current ask $2.20

Entry on March xxth at $ xx.xx
Earnings Date 05/11/10
Average Daily Volume = 793 thousand
Listed on March 23rd, 2010


Panera Bread Co. - PNRA - close: 78.84 change: +0.00 stop: 74.75

PNRA closed unchanged on the session. The early morning rally attempt faded after shares hit $79.64. The $80 region is proving to be overhead resistance. I don't see any changes from my prior comments. I am not suggesting new positions at this time. This was an aggressive trade given our entry point. Our first target is $82.45. FYI: It is worth noting that PNRA could announce a stock split one of these days. The last time shares split was in the $75-80 zone back in June 2002.

Suggested Position: CALL APR 80.00 (PNRA 10D80.00) @ $1.35

Entry on March 11th at $ 77.18
Earnings Date 04/28/10
Average Daily Volume = 519 thousand
Listed on March 9th, 2010


PartnerRe Ltd. - PRE - close: 79.58 change: +0.67 stop: 77.75

PRE is finally starting to move again. The stock displayed relative strength with a 0.8% gain while the rest of the market retreated. This is a breakout from the consolidation over the last two weeks. More aggressive traders may want to jump in early and buy calls right here! I am suggesting we stick to our original plan.

That plan is to buy calls if PRE hits our trigger at $80.55. If triggered we'll use a stop loss at $77.75 (under Friday's low). Our first target is $84.75. Our second, longer-term target is $89.00. There is potential resistance near the October 2009 highs so don't be surprised to see some congestion there.

Trigger to buy calls at $80.55

Suggested Position: BUY CALL APRIL $80.00 (PRE 10D80.00) current ask $1.05

Entry on March xxth at $ xx.xx
Earnings Date 04/27/10
Average Daily Volume = 989 thousand
Listed on March 20th, 2010


PUT Play Updates

*Currently we do not have any put play updates*