Editor's Note:

Shares of Sohu.com hit our bullish exit target today. Most of the market managed a rebound off their intraday lows.

CHRW and IWM were triggered. FISV was stopped out. We want to exit our TRMB trade at the close tomorrow.


Current Portfolio:


CALL Play Updates

CH Robinson Worldwide - CHRW - close: 65.35 change: +0.55

Stop Loss: 63.75
Target(s): 69.25
Current Option Gain/Loss: - 2.3%
Time Frame: 2 to 3 weeks
New Positions: see below

Comments:
01/15/13: CHRW continues to show relative strength and broke through resistance near $65.00 today. Our trigger to open bullish positions was hit at $65.20. Our target is $69.25.

We do not want to hold over CHRW's earnings report, which is expected in very late January or early February so this is a short-term two or three week trade.

- Suggested Positions -

Long Feb $65 call (CHRW1316B65) entry $2.10

Entry on January 15 at $65.20
Average Daily Volume = 1.3 million
Listed on January 14, 2012


Concur Technologies - CNQR - close: 71.60 change: -0.48

Stop Loss: 69.40
Target(s): 74.85
Current Option Gain/Loss: + 6.0%
Time Frame: exit prior to the late January earnings report
New Positions: see below

Comments:
01/15/13: The market's widespread dip this morning pushed CNQR to short-term technical support at its 10-dma. Shares hovered there the rest of the session. I'd look for a dip or a bounce off the $70.00 level as our next entry point.

Earlier Comments:
More aggressive traders could aim for the 2012 highs near $76.00. We do not want to hold over the late January earnings report. FYI: The Point & Figure chart for CNQR is bullish with an $81 target.

- Suggested Positions -

Long Feb $70 call (CNQR1316B70) entry $3.30

01/11/13 new stop loss @ 69.40, adjust exit target to $74.85

Entry on January 07 at $70.25
Average Daily Volume = 462 thousand
Listed on January 05, 2012


Deere & Co - DE - close: 89.73 change: -0.13

Stop Loss: 88.25
Target(s): 99.00
Current Option Gain/Loss: -19.5%
Time Frame: 3 to 4 weeks
New Positions: see below

Comments:
01/15/13: DE continues to churn sideways below the $90.00 level. Readers may want to wait for a close above $90 before considering new bullish positions.

We do not want to hold over its mid February earnings report (still unconfirmed). FYI: The Point & Figure chart for DE is bullish with a $104 target.

- Suggested Positions -

Long Feb $90 call (DE1316B90) entry $2.35

Entry on January 11 at $90.25
Average Daily Volume = 2.3 million
Listed on January 09, 2012


EOG Resources - EOG - close: 125.10 change: +0.61

Stop Loss: 123.40
Target(s): 134.00
Current Option Gain/Loss: - 24.8%
Time Frame: 3 to 4 weeks
New Positions: see below

Comments:
01/15/13: Traders bought the dip this morning but EOG remains under short-term resistance near the $126.00-126.25 area. There is no change from my prior comments.

FYI: EOG is due to begin trading ex-dividend on January 15th. The quarterly cash dividend is 17 cents.

Earlier Comments:
We do not want to hold positions over the earnings report in February.

- Suggested Positions -

Long Feb $130 call (EOG1316B130) entry $2.45

Entry on January 11 at $126.30
Average Daily Volume = 1.4 million
Listed on January 10, 2012


Ingersoll-Rand - IR - close: 49.79 change: +0.04

Stop Loss: 48.25
Target(s): 54.00
Current Option Gain/Loss: Unopened
Time Frame: Exit prior to earnings on Feb. 1st!
New Positions: Yes, see below

Comments:
01/15/13: Traders bought the dip near its 10-dma again. IR is still hovering just below resistance at the $50.00 mark.

We are suggesting a trigger to buy calls at $50.25 with a stop loss at $48.25. Our target is $54.00 but we will plan on exiting prior to the earnings in early February.

Trigger @ 50.25

- Suggested Positions -

buy the Feb $50 call (IR1316B50) current ask $1.30

Entry on January xx at $ xx.xx
Average Daily Volume = 1.8 million
Listed on January 12, 2012


iShares Russell 2000 (ETF) - IWM - close: 87.77 change: +0.38

Stop Loss: 85.90
Target(s): 94.50
Current Option Gain/Loss: - 2.2%
Time Frame: 6 to 9 weeks
New Positions: see below

Comments:
01/15/13: The IWM gapped down at the open but quickly started to rebound. Shares broke to new highs and hit our trigger to buy calls at $87.85. Our multi-week target is $94.50.

Trigger @ 87.85

- Suggested Positions -

Long Mar $90 call (IWM1316c90) entry $1.36

Entry on January 15 at $87.85
Average Daily Volume = 41.2 million
Listed on January 10, 2012


Mohawk Industries - MHK - close: 94.16 change: +0.08

Stop Loss: 91.25
Target(s): 99.00
Current Option Gain/Loss: - 30.3%
Time Frame: 3 to 4 weeks
New Positions: see below

Comments:
01/15/13: MHK has been going nowhere this week. The stock is drifting sideways in a very narrow range as it hugs the $94.00 level. MHK did test what should be short-term support at its rising 10-dma today. Readers might want to wait for a new rally above $94.50 or $95.00 before initiating new positions.

- Suggested Positions - *Small Positions*

buy the Feb $95 call (MHK1316B95) entry $3.30

Entry on January 10 at $95.00
Average Daily Volume = 787 thousand
Listed on January 09, 2012


Noble Energy - NBL - close: 105.31 change: -0.12

Stop Loss: 101.75
Target(s): 114.00
Current Option Gain/Loss: -30.4%
Time Frame: Exit prior to earnings on Feb. 7th!
New Positions: see below

Comments:
01/15/13: NBL gapped down at the open thanks to the widespread market weakness this morning. Fortunately shares rebounded near short-term support at its 10-dma. NBL looks poised to rally from here. I would use today's intraday bounce as a new bullish entry point.

- Suggested Positions -

Long Feb $110 call (NBL1316B110) entry $1.15

Entry on January 14 at $105.31
Average Daily Volume = 820 thousand
Listed on January 12, 2012


OpenTable, Inc. - OPEN - close: 52.89 change: -0.11

Stop Loss: 49.90
Target(s): 58.00
Current Option Gain/Loss: -13.3%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
01/15/13: It's been a common theme today. Stocks dipping near the rising 10-dma and then bounce. OPEN did the same and the stock pared its losses to just 11 cents.

More conservative traders may want to raise their stop loss closer to the $51.50 level instead (near last week's low).

Earlier Comments:
OPEN could see a short squeeze. The most recent data listed short interest at 42% of the very small 19.4 million share float. FYI: The Point & Figure chart for OPEN is bullish with a $73 target.

- Suggested Positions -

Long Feb $55 call (OPEN1316B55) entry $2.54

01/12/13 new stop loss @ 49.90

Entry on January 04 at $52.23
Average Daily Volume = 361 thousand
Listed on January 03, 2012


Sherwin-Williams Company - SHW - close: 161.02 change: -0.16

Stop Loss: 154.65
Target(s): 169.00
Current Option Gain/Loss: -20.9%
Time Frame: Exit prior to earnings on Jan. 31st!
New Positions: see below

Comments:
01/15/13: There is no change from my prior comments on SHW. The stock is still consolidating sideways.

Earlier Comments:
We keep our position size small to limit our risk. Plus, this is a shorter-term trade. We do not want to hold over the January 31st earnings report. FYI: The Point & Figure chart for SHW is bullish with a $196 target.

- Suggested Positions - *Small Positions*

Long Feb $165 call (SHW1316B165) entry $3.10

Entry on January 09 at $161.28
Average Daily Volume = 928 thousand
Listed on January 08, 2012


iShares Silver ETF - SLV - close: 30.36 change: +0.32

Stop Loss: 27.45
Target(s): 33.50
Current Option Gain/Loss: +45.2%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
01/15/13: The bounce in the SLV continues. Today shares managed to close above their 300-dma but stalled at the exponential 200-dma. More importantly it remains above round-number resistance at the $30.00 level. Readers could open new positions here.

Earlier Comments:
More cautious traders might want to raise their stop loss.

- Suggested Positions -

Long March $30 call (SLV1316c30) entry $0.95

Entry on December 31 at $29.07
Average Daily Volume = 11.6 million
Listed on December 29, 2012


Trimble Navigation - TRMB - close: 62.22 change: -0.29

Stop Loss: 60.90
Target(s): 64.75
Current Option Gain/Loss: - 6.6%
Time Frame: 2 to 3 weeks
New Positions: see below

Comments:
01/15/13: We only have three days left before our January options expire. I don't want to wait any longer. We will plan on closing any bullish positions tomorrow (Wednesday, Jan. 16th) at the closing bell.

Earlier Comments:
We do want to keep our position size small to limit our risk.

- Suggested Positions - (Keep positions small)

Long Jan $60 call (TRMB1319a60) entry $2.25

01/15/13 prepare to exit tomorrow at the closing bell
01/14/13 new stop loss @ 60.90
01/10/13 we only have six trading days left for our January options. More conservative traders may want to exit early now

Entry on January 03 at $61.32
Average Daily Volume = 750 thousand
Listed on January 02, 2012


PUT Play Updates

Green Mtn Coffee Roasters - GMCR - close: 39.36 change: +0.02

Stop Loss: 41.20
Target(s): 35.25
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Comments:
01/15/13: Most of the market was weak this morning. GMCR moved the opposite direction thanks to an analyst upgrade before the opening bell. The morning rally didn't last and GMCR closed virtually unchanged.

I don't see any changes from my prior comments. We are waiting for a breakdown under support.

Earlier Comments:
Last Thursday's low was $38.83. I am suggesting a trigger to buy puts at $38.45. If triggered our target is $35.25. More aggressive traders might want to aim for a drop near $31.00 instead.

NOTE: GMCR can be a volatile stock. We want to keep our position size small.

Trigger @ 38.45 *Small Positions*

- Suggested Positions -

buy the Feb $35 PUT (GMCR1316n35)

Entry on January xx at $ xx.xx
Average Daily Volume = 4.2 million
Listed on January 10, 2012


CLOSED BULLISH PLAYS

Fiserv, Inc. - FISV - close: 80.47 change: -2.43

Stop Loss: 79.75
Target(s): 88.00
Current Option Gain/Loss: - 65.0%
Time Frame: exit prior to earnings on Feb. 5th
New Positions: see below

Comments:
01/15/13: I warned readers last night that FISV could be volatile this morning as the market reacts to news the company was acquiring Open Solutions, Inc. The news did spark at least one analyst downgrade. FISV gapped open lower at $80.06 this morning. Our stop loss was hit at $79.75 pretty quickly.

- Suggested Positions -

Feb $80 call (FISV1316B80) entry $3.00 exit $1.05 (-65.0%)

01/15/13 FISV gapped down on news of its acquisition,
our trade was stopped out.
01/10/13 do not hold over the earnings report on Feb. 5th

chart:

Entry on January 08 at $81.60
Average Daily Volume = 864 thousand
Listed on January 07, 2012


Sohu.com - SOHU - close: 48.88 change: +0.03

Stop Loss: 45.75
Target(s): 49.25
Current Option Gain/Loss: +70.7%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
01/15/13: Target achieved.

SOHU rallied to $49.49 intraday. Our exit target was hit at $49.25.

- Suggested Positions -

Feb $47.50 call (SOHU1316b47.5) entry $2.05 exit $3.50* (+70.7%)

01/15/13 target hit
*option exit price is an estimate since the option did not trade at the time our play was closed.
01/05/13 new stop loss @ 45.75
01/02/13 adjust exit down to $49.25
SOHU almost hit our target at $49.75 but the high today was only $49.70. We don't want that to happen again.
12/29/12 new stop loss @ 43.45

chart:

Entry on December 27 at $45.20
Average Daily Volume = 606 thousand
Listed on December 26, 2012