Editor's Note:

Shares of Green Mountain Coffee Roasters Inc. (GMCR) hit our bullish exit target today.

We also closed the FFIV trade this morning.


Current Portfolio:


CALL Play Updates

Cerner Corp. - CERN - close: 93.07 change: +0.29

Stop Loss: 89.45
Target(s): 97.50
Current Option Gain/Loss: +33.3%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/12/13: Traders bought the dip in CERN near the $92.25 level twice today. The stock ended up closing on its highs for the session, which should be a bullish sign for tomorrow morning.

FYI: The Point & Figure chart for CERN is bullish with a long-term $141 target.

- Suggested Positions -

Long Apr $90 call (CERN1320d90) entry $3.15

03/09/13 new stop loss @ 89.45

Entry on March 05 at $90.25
Average Daily Volume = 916 thousand
Listed on March 02, 2012


Crane Co. - CR - close: 55.30 change: +0.14

Stop Loss: 53.40
Target(s): 58.50
Current Option Gain/Loss: - 6.0%
Time Frame: 6 to 9 weeks
New Positions: see below

Comments:
03/12/13: CR continued to march higher on Tuesday with a +0.25% gain and another new high.

Earlier Comments:
We do want to keep our position size small to limit our risk. If triggered our multi-week target is $58.50. More aggressive traders could certainly aim higher but CR doesn't move super fast.

- Suggested Positions - *Small Positions*

Long JUN $55 call (CR1322F55) entry $2.50

03/11/13 triggered at $55.25, plus we corrected the typo regarding the April versus June option. We are suggesting the June $55 call.

Entry on March 11 at $55.25
Average Daily Volume = 314 thousand
Listed on March 09, 2012


Computer Sciences Corp. - CSC - close: 49.99 change: -0.51

Stop Loss: 48.40
Target(s): 54.50
Current Option Gain/Loss: -20.0%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
03/12/13: Technology stocks stalled on Tuesday and CSC dipped -1.0%. Shares did try to hold the $50.00 level. I don't see any changes from my prior comments and would still consider new positions now. More nimble traders could try and buy calls on a dip at the simple 10-dma near $49.20.

FYI: Shares of CSC will begin trading ex-dividend on March 14th. The quarterly cash dividend is 20 cents, payable on April 15hth, 2013.

- Suggested Positions -

Long Apr $50 call (CSC1320d50) Entry $1.50

Entry on March 11 at $50.25
Average Daily Volume = 1.6 million
Listed on March 07, 2012


Genesee & Wyoming - GWR - close: 92.27 change: -0.13

Stop Loss: 89.65
Target(s): 98.50
Current Option Gain/Loss: -21.4%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
03/12/13: Tuesday proved to be a relatively quiet session for GWR. Shares churned sideways on either side of the $92.00 level. I would still consider new positions now or nimble traders might want to try and buy calls on a dip near the rising 10-dma.

Earlier Comments:
I would keep your position size small to limit our risk.

*Small Positions* - Suggested Positions -

Long Apr $95 call (GWR1320D95) Entry $1.40

Entry on March 11 at $92.35
Average Daily Volume = 407 thousand
Listed on March 09, 2012


Home Depot - HD - close: 70.75 change: -0.18

Stop Loss: 69.25
Target(s): 74.00
Current Option Gain/Loss: + 83.0%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
03/12/13: HD gave up -0.25% in what looks like normal profit taking on a lackluster day for the U.S. markets. We can look for short-term support near $70.00 and its 10-dma.

- Suggested Positions -

Long Apr $70 call (HD1320d70) entry $1.00

03/11/13 HD is going to go ex-dividend tomorrow (39cents)
03/09/13 new stop loss @ 69.25

Entry on February 28 at $ 68.50
Average Daily Volume = 6.9 million
Listed on February 27, 2012


IntercontinentalExchange - ICE - close: 158.50 change: -0.74

Stop Loss: 154.75
Target(s): 164.50
Current Option Gain/Loss: - 6.0%
Time Frame: 3 to 4 weeks
New Positions: see below

Comments:
03/12/13: Shares of ICE fell asleep on Tuesday. The stock drifted sideways in a very narrow range. I don't see any changes from my prior comments. Look for short-term support at the rising 10-dma.

Earlier Comments:
ICE can be a volatile stock so I am suggesting small positions.

*Small Positions* - Suggested Positions -

Long Apr $160 call (ICE1320d160) entry $3.30

03/06/13 new stop loss @ 154.75
03/05/13 trade opened on gap open higher at $157.08, above our trigger of $156.85

Entry on March 05 at $157.08
Average Daily Volume = 1.2 million
Listed on March 04, 2012


Pharmacyclics Inc. - PCYC - close: 90.96 change: -1.21

Stop Loss: 89.25
Target(s): 99.00
Current Option Gain/Loss: -33.3%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
03/12/13: Hmm... it was another down day for PCYC (-1.3%). The stock has been correcting lower since its peak last Wednesday. Today did see shares close near its simple 10-dma, which should offer some support. If the 10-dma fails then the $90.00 level could offer support. More conservative traders may want to raise their stop loss!

Earlier Comments:
Regarding the secondary offering: On Friday it was disclosed that PCYC plans to sell another 2.2 million shares of stock at $94.20 a share and complete the offering by March 13th.

Earlier Comments:
PCYC can be a volatile stock so we do want to keep our position size small to limit our risk.

*Small Positions* - Suggested Positions -

Long Apr $95 call (PCYC1320d95) entry $4.80

03/09/13 new stop loss @ 89.25

Entry on March 05 at $91.75
Average Daily Volume = 788 thousand
Listed on March 04, 2012


Phillips 66 - PSX - close: 65.69 change: -0.34

Stop Loss: 63.75
Target(s): 69.75
Current Option Gain/Loss: -20.9%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
03/12/13: Many of the oil and energy names were showing relative strength on Tuesday. Traders bought the dip in PSX this morning and the stock ended the session with a +0.8% gain. Readers might want to consider waiting for a rally past $66.35 before initiating new positions.

Our short-term target is $69.75. More aggressive traders could certainly aim higher.

- Suggested Positions -

Long Apr $67.50 call (PSX1320d67.5) entry $2.15

Entry on March 06 at $66.15
Average Daily Volume = 3.9 million
Listed on March 05, 2012


Toyota Motors - TM - close: 102.76 change: -1.43

Stop Loss: 99.95
Target(s): 108.00
Current Option Gain/Loss: -28.8%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
03/12/13: Tuesday was a down day for Asian markets. When the U.S. market opened TM gapped down in response. Look for support near $102 or the rising 30-dma.

Earlier Comments:
Our target is $108.00. More aggressive traders could aim higher.

I do want to warn you that shares of TM tend to gap open (up or down) each day as the U.S. shares adjust for trading that occurs back home in Japan.

- Suggested Positions -

Long Apr $105 call (TM1320d105) entry $2.25

Entry on March 05 at $103.25
Average Daily Volume = 686 thousand
Listed on March 02, 2012


CBOE Volatility Index - VIX - close: 12.27 change: +0.71

Stop Loss: 11.45
Target(s): 19.90
Current Option Gain/Loss: -44.7%
Time Frame: 8 to 9 weeks
New Positions: see below

Comments:
03/12/13: A dip in the market today gave the VIX a boost. The fear index spiked to 12.93 intraday and settled with a +6.1% gain. Aggressive traders may want to consider buying calls here.

- Suggested Positions -

Long Apr $16 call (VIX1317D16) entry $1.90

03/11/13 the VIX broke down through the 12.00 level and looks poised to hit our stop loss at 11.45.
02/25/13 adjust exit target to 19.90

Entry on February 10 at $13.37
Average Daily Volume = n/a
Listed on February 09, 2012


Whirlpool Corp. - WHR - close: 118.86 change: -0.43

Stop Loss: 115.75
Target(s): 128.50
Current Option Gain/Loss: Unopened
Time Frame: 3 to 6 weeks
New Positions: Yes, see below

Comments:
03/12/13: The stock market's lackluster performance today left WHR churning sideways inside the $118-120 zone.

I am suggesting a trigger to buy calls at $120.25. If triggered our multi-week target is $128.50.

Trigger @ 120.25

- Suggested Positions -

buy the Apr $125 call (WHR1320D125)

Entry on March -- at $---.--
Average Daily Volume = 1.4 million
Listed on March 11, 2012


PUT Play Updates

ASML Holdings - ASML - close: 69.46 change: -0.52

Stop Loss: 70.65
Target(s): 65.25
Current Option Gain/Loss: -19.0%
Time Frame: 3 to 4 weeks
New Positions: see below

Comments:
03/12/13: The early morning bounce in ASML failed and shares underperformed the market with a -0.7% decline. I would use today's pullback as a new bearish entry point. As an alternative you could wait for a dip below today's low (69.23) as a new entry point.

- Suggested Positions -

Long Apr $67.50 PUT (ASML1320p67.5) entry $2.10

Entry on March 11 at $69.35
Average Daily Volume = 1.4 million
Listed on March 09, 2012


Quest Diagnostic - DGX - close: 56.20 change: -0.05

Stop Loss: 56.25
Target(s): 51.00
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Comments:
03/12/13: DGX's attempt to rally this morning failed under resistance near $57.00. There is no change from my prior comments.

I am suggesting a trigger to open bearish positions at $54.85, so about 30 cents under that low. If triggered our target is $51.00. More aggressive traders could aim lower. FYI: The Point & Figure chart for DGX is bearish with a $50 target.

Trigger @ 54.85

- Suggested Positions -

buy the Apr $55 PUT (DGX1320p55)

Entry on March -- at $---.--
Average Daily Volume = 1.2 million
Listed on March 07, 2012


Vitamin Shoppe, Inc. - VSI - close: 50.92 change: +0.30

Stop Loss: 51.55
Target(s): 45.50
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Comments:
03/12/13: Shares of VSI were upgrade to a "buy" this morning. This news created a gap open higher for the stock but the rally failed at its simple 300-dma. VSI quickly reversed and spent the rest of the day drifting sideways in a narrow range.

I don't see any changes from my previous comments. I am suggesting a trigger to buy puts at $49.75. If triggered our target is $45.50.

Trigger @ 49.75

- Suggested Positions -

buy the Apr $50 PUT (VSI1320P50) current ask $1.85

Entry on March -- at $---.--
Average Daily Volume = 736 thousand
Listed on March 11, 2012


CLOSED BULLISH PLAYS

Green Mountain Coffee Roasters - GMCR - close: 54.60 chg: +0.61

Stop Loss: 49.95
Target(s): 54.50
Current Option Gain/Loss: +136.1%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
03/12/13: Target achieved.

GMCR continues to advance higher and the stock hit our exit target at $54.50.

- Suggested Positions -

Apr $55 call (GMCR1320d55) entry $1.05 exit $2.48 (+136.1%)

03/12/13 target hit
03/11/13 new stop loss @ 49.95
03/09/13 new stop loss @ 49.45, adjust exit to $54.50

chart:

Entry on March 07 at $50.25
Average Daily Volume = 5.3 million
Listed on March 06, 2012


CLOSED BEARISH PLAYS

F5 Networks - FFIV - close: 93.46 change: -1.28

Stop Loss: 96.75
Target(s): 86.50
Current Option Gain/Loss: -63.3%
Time Frame: 3 to 4 weeks
New Positions: see below

Comments:
03/12/13: Our plan was to exit FFIV positions at the open this morning.

- Suggested Positions -

Long Mar $95 PUT (FFIV1316o95) entry $3.55 exit $1.30 (-63.3%)

03/12/13 planned exit this morning.
03/11/13 prepare to exit at the open tomorrow morning
03/09/13 only five trading days left for our March options.
02/28/13 corrected the option entry price to $3.55

chart:

Entry on February 27 at $93.50
Average Daily Volume = 1.4 million
Listed on February 26, 2012