Editor's Note:

Shares of Deere & Co (DE) hit our bullish target today. Elsewhere we saw SODA hit our stop loss. XEC and HLF were triggered. We want to exit our CTRX trade at the open tomorrow.


Current Portfolio:


CALL Play Updates

Anheuser-Busch InBev - BUD - close: 93.24 change: +1.43

Stop Loss: 89.75
Target(s): 99.00
Current Option Gain/Loss: +54.0%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
01/29/13: BUD continues to rally and outperformed the market with a +1.5% gain. I am raising our stop loss up to $89.75.

- Suggested Positions -

Long MAR $90 call (BUD1316c90) entry $3.05

01/29/13 new stop loss @ 89.75
01/25/13 new stop loss @ 88.45

Entry on January 22 at $90.25
Average Daily Volume = 894 thousand
Listed on January 19, 2012


Catamaran Corp. - CTRX - close: 52.46 change: +0.33

Stop Loss: 50.90
Target(s): 58.50
Current Option Gain/Loss: -50.0%
Time Frame: exit PRIOR to earnings in late February
New Positions: see below

Comments:
01/29/13: CTRX is not moving very fast. We are suggesting an early exit. Plan on closing positions tomorrow at the opening bell.

- Suggested Positions -

Long Feb $55 call (CTRX1316B55) entry $0.60

01/29/13 prepare to exit early tomorrow at the open

Entry on January 25 at $53.25
Average Daily Volume = 1.3 million
Listed on January 24, 2012


Starwood Hotels - HOT - close: 62.08 change: +0.06

Stop Loss: 59.75
Target(s): 64.50
Current Option Gain/Loss: +51.9%
Time Frame: exit prior to earnings on Feb. 7th
New Positions: see below

Comments:
01/29/13: HOT really didn't make any progress today. It is worth noting that traders bought the dip this morning. Keep in mind our plan to exit prior to earnings on Feb. 7th.

- Suggested Positions -

Long Feb $60 call (HOT1316B60) entry $1.81

01/28/13 new stop loss @ 59.75

Entry on January 22 at $60.60
Average Daily Volume = 1.9 million
Listed on January 15, 2012


Ingersoll-Rand - IR - close: 51.47 change: +0.32

Stop Loss: 49.75
Target(s): 54.00
Current Option Gain/Loss: +14.2%
Time Frame: Exit prior to earnings on Feb. 1st!
New Positions: see below

Comments:
01/29/13: Yesterday IR was down 32 cents. Today shares are up 32 cents. Time is running out. IR reports earnings on Friday morning (Feb. 1st). We are planning to exit on Thursday (Jan. 31st) at the closing bell if IR does not hit our target first. I'm not suggesting new positions.

- Suggested Positions -

Long Feb $50 call (IR1316B50) entry $1.75

01/29/13 prepare to exit on Jan. 31st at the close
01/26/13 new stop loss @ 49.75
01/24/13 new stop loss @ 49.25

Entry on January 17 at $50.25
Average Daily Volume = 1.8 million
Listed on January 12, 2012


Noble Energy - NBL - close: 109.26 change: +1.70

Stop Loss: 105.75
Target(s): 114.00
Current Option Gain/Loss: +26.0%
Time Frame: Exit prior to earnings on Feb. 7th!
New Positions: see below

Comments:
01/29/13: NBL displayed relative strength today. Traders bought the dip at its 10-dma and the stock rallied to a +1.5% gain and a new high. The $110 level is potential resistance but after several days of churning sideways I suspect NBL will breakout higher. Readers should also be aware that we're going to see some high-profile energy sector earnings reports later this week and next week. These corporate results could influence trading in NBL.

I am not suggesting new positions at this time. Please note our new stop loss at $105.75.

- Suggested Positions -

Long Feb $110 call (NBL1316B110) entry $1.15

01/29/13 new stop loss @ 105.75
01/26/13 new stop loss @ 104.65
01/22/13 new stop loss @ 103.75
01/17/13 new stop loss @ 102.75

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


OpenTable, Inc. - OPEN - close: 54.87 change: +0.49

Stop Loss: 51.85
Target(s): 58.00
Current Option Gain/Loss: + 6.2%
Time Frame: Exit prior to earnings on Feb. 7th!
New Positions: see below

Comments:
01/29/13: OPEN rallied off another test of its 10-dma and closed with a +0.9% gain. I am not suggesting new positions at this time.

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

01/28/13 new stop loss @ 51.85
01/19/13 new stop loss @ 51.40
01/16/13 new stop loss @ 50.90
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: 163.16 change: -0.93

Stop Loss: 161.75
Target(s): 169.00
Current Option Gain/Loss: - 9.6%
Time Frame: Exit prior to earnings on Jan. 31st!
New Positions: see below

Comments:
01/29/13: Hmm.. the strength in SHW is starting to fade as we near the company's earnings report. Right now our plan is to exit tomorrow (Jan. 30th) at the closing bell but that assumes the stock does not hit our stop loss at $161.75 first.

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

- Suggested Positions - *Small Positions*

Long Feb $165 call (SHW1316B165) entry $3.10

01/26/13 new stop loss @ 161.75
Prepare to exit on Jan. 30th at the closing bell if SHW does not hit our target by then.
01/19/13 new stop loss @ 159.65

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


SPX Corp. - SPW - close: 75.25 change: +0.75

Stop Loss: 71.95
Target(s): 78.00
Current Option Gain/Loss: +57.6%
Time Frame: Exit prior to earnings on Feb. 14th
New Positions: see below

Comments:
01/29/13: SPW is still showing relative strength. The stock is up seven out of the last eight trading days. Today's close above potential resistance at $75.00 is technically bullish. Yet SPW definitely looks short-term overbought here. Our readers will want to seriously consider taking some money off the table right now. I am lowering our exit target down to $78.00 and moving our stop loss up to $71.95.

- Suggested Positions -

Long Feb $75 call (SPW1316B75) entry $1.30

01/29/13 new stop loss @ 71.95, adjust exit to $78.00
readers may want to just take profits right now
01/28/13 new stop loss @ 71.40

Entry on January 23 at $72.42
Average Daily Volume = 832 thousand
Listed on January 22, 2012


Whole Foods Market - WFM - close: 95.62 change: -0.71

Stop Loss: 92.25
Target(s): 99.50
Current Option Gain/Loss: +51.0%
Time Frame: Exit PRIOR to earnings on Feb. 13th
New Positions: see below

Comments:
01/29/13: WFM erased yesterday's gain. The stock remains above the $95.00 level for now. However, I would not be surprised to see WFM correct lower into the $94.00-93.00 region. We are raising our stop loss to $92.25.

We do not want to hold over the Feb. 13th earnings report.
NOTE: because of a previous dividend the option strike for February is an odd one (95.50)

- Suggested Positions -

Long Feb $95.50 call (WFM1316B95.5) entry $1.90

01/29/13 new stop loss @ 92.25, expect a pullback soon

Entry on January 24 at $94.25
Average Daily Volume = 1.5 million
Listed on January 23, 2012


Cimarex Energy Co. - XEC - close: 64.06 change: +0.05

Stop Loss: 61.90
Target(s): 69.50
Current Option Gain/Loss: - 10.0%
Time Frame: Exit PRIOR to earnings on Feb. 19th
New Positions: see below

Comments:
01/29/13: The trading in XEC today was a bit disappointing. The stock broke out past resistance, rallied to a new eight-month high, and then reversed. XEC closed virtually unchanged on the session so today looks like a failed rally move. Our trade did open when shares hit our trigger at $64.55. I would wait for a new move past $64.50 before initiating positions.

- Suggested Positions -

Long Mar $65 call (XEC1316c65) entry $2.50

Entry on January 29 at $64.55
Average Daily Volume = 708 thousand
Listed on January 26, 2012


PUT Play Updates

Herbalife Ltd. - HLF - close: 38.67 change: -1.35

Stop Loss: 40.55
Target(s): 31.00
Current Option Gain/Loss: -12.5%
Time Frame: Exit prior to earnings on Feb. 19th
New Positions: see below

Comments:
01/29/13: HLF continues to show weakness. The stock broke down under the $40.00 level and hit our trigger to buy puts at $38.50.

Earlier Comments:
I want to warn you that HLF can be a volatile stock. We consider this an aggressive, higher-risk trade.

*Small Positions*- Suggested Positions -

Long Feb $37.50 PUT (HLF1316n37.5) entry $2.40

Entry on January 29 at $38.50
Average Daily Volume = 13.6 million
Listed on January 28, 2012


Monster Beverage Corp. - MNST - close: 47.24 change: -0.21

Stop Loss: 50.15
Target(s): 41.00
Current Option Gain/Loss: -10.3%
Time Frame: Exit PRIOR to the late February earnings report
New Positions: see below

Comments:
01/29/13: The early morning rally attempt in MNST ran out of fuel and shares rolled over. The stock underperformed the market with a -0.4% decline. I would consider new positions at current levels.

Earlier Comments:
Please note that MNST has been a very volatile stock in the past. This should be considered an aggressive, higher-risk trade.

- Suggested Positions - *Small Positions*

Long Mar $45 PUT (MNST1316o45) entry $2.90

Entry on January 28 at $46.91
Average Daily Volume = 2.0 million
Listed on January 26, 2012



CLOSED BULLISH PLAYS

Deere & Co - DE - close: 95.05 change: +1.06

Stop Loss: 89.25
Target(s): 99.00
Current Option Gain/Loss: +117.0%
Time Frame: Exit prior to the Feb. 13th earnings report
New Positions: see below

Comments:
01/29/13: Target achieved.

Yesterday we adjusted our exit target down to $94.75. DE was kind enough to keep the rally alive and add another +1.1% today. Our target was hit. I would keep DE on your watch list for a pullback toward support as a potential entry point to play it again.

- Suggested Positions -

Long Feb $90 call (DE1316B90) entry $2.35 exit $5.10 (+117.0%)

01/29/13 target hit
01/28/13 adjust exit target down to $94.75
01/22/13 new stop loss @ 89.25

chart:

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


SodaStream Intl. Ltd. - SODA - close: 50.67 change: -0.29

Stop Loss: 49.45
Target(s): 58.50
Current Option Gain/Loss: -51.3%
Time Frame: 3 to 4 weeks
New Positions: see below

Comments:
01/29/13: SODA produced a nasty bearish reversal pattern yesterday and the weakness continued today. The stock broke down under what should have been support at $50.00 and its 10-dma with an intraday drop to $49.44. It just so happens that our stop loss is at $49.45. SODA rebounded back above $50 by the closing bell.

- Suggested Positions -

Feb $52.50 call (SODA1316b52.5) entry $1.85 exit $0.90 (-51.3%)

01/29/13 stopped out
01/28/13 caution: SODA produced a bearish reversal candlestick pattern
01/26/13 new stop loss @ 49.45

chart:

Entry on January 25 at $52.15
Average Daily Volume = 1.2 million
Listed on January 24, 2012