Editor's Note:

The U.S. market inched higher on Wednesday. There was no follow through lower on yesterday's dip.

The small cap Russell 2000 index and the Dow Jones Transportation average both hit new all-time highs today.

We had both GTLS and SINA hit our entry triggers.


Current Portfolio:


CALL Play Updates

Cerner Corp. - CERN - close: 92.91 change: -0.16

Stop Loss: 89.45
Target(s): 97.50
Current Option Gain/Loss: +30.1%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/13/13: Wednesday was another quiet day for CERN. Shares spent almost the entire session inside the $92.50-93.00 zone. The trend of higher lows is bullish but I am not suggesting new positions.

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: 55.40 change: +0.10

Stop Loss: 53.40
Target(s): 58.50
Current Option Gain/Loss: - 4.0%
Time Frame: 6 to 9 weeks
New Positions: see below

Comments:
03/13/13: Traders bought the dip in CR this morning near $55.00. The stock managed to inch its way higher.

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: 49.39 change: -0.60

Stop Loss: 48.40
Target(s): 54.50
Current Option Gain/Loss: -40.0%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
03/13/13: Two down days in a row with the market inching higher is not a good sign for CSC. Shares dipped to short-term technical support at the rising 10-dma today. The low was $49.11. More conservative traders might want to adjust their stop loss closer to the $49.00 level.

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


Chart Industries - GTLS - close: 82.51 change: +0.34

Stop Loss: 79.75
Target(s): 87.50
Current Option Gain/Loss: -6.1%
Time Frame: 3 to 5 weeks
New Positions: see below

Comments:
03/13/13: Our new trade on GTLS has been opened. Shares were initially weak this morning but traders bought the dip at $81.00. The stock managed to hit a new all-time high around lunchtime. Our trigger to buy calls was hit at $82.55.

- Suggested Positions -

Long Apr 85 call (GTLS1320D85) entry $2.45

Entry on March 13 at $82.55
Average Daily Volume = 510 thousand
Listed on March 12, 2012


Genesee & Wyoming - GWR - close: 93.00 change: +0.73

Stop Loss: 89.65
Target(s): 98.50
Current Option Gain/Loss: - 3.5%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
03/13/13: This morning before the bell GWR issued a press release stating that its February railcar traffic almost doubled thanks to is recent acquisition of RailAmerica. Minus the acquisition, GWR's railcar traffic, year to date, is up +5%.

The stock outperformed the broader market with a +0.79% gain today.

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: 70.76 change: +0.01

Stop Loss: 69.25
Target(s): 74.00
Current Option Gain/Loss: + 76.0%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
03/13/13: The better than expected U.S. retail sales in February failed to have much impact on shares of HD. It might be due to the fact that almost all of the increase in U.S. retail sales was from a rise in gasoline purchases and prices. HD spent the day churning sideways.

Look for short-term support near $70.00.

- 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: 159.41 change: +0.91

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:
03/13/13: ICE erased yesterday's minor decline with a +0.5% gain today. Traders bought the dip at ICE's rising 10-dma. The stock looks poised to breakout past the $160.00 level soon.

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: 91.60 change: +0.64

Stop Loss: 89.25
Target(s): 99.00
Current Option Gain/Loss: -29.1%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
03/13/13: PCYC dipped to the $90.00 level and bounced. Readers can use this rebound as a new bullish entry point or consider waiting for a new rally past short-term resistance at the $92.00 mark.

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: 64.55 change: -1.67

Stop Loss: 63.75
Target(s): 69.75
Current Option Gain/Loss: -46.5%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
03/13/13: Oil refining stocks were underperformers on Wednesday. It looks like the culprit was an analyst research report on the impact of Renewable Identification Numbers (RINs) that "are renewable-fuel credits use to meet U.S. government obligations related to fuels standards" (source: Marketwatch.com). The price of RINs has surged recently and the analyst was pointing out that this could hurt margins for the refiners.

Shares of PSX spiked down to short-term support near $64.00 and its 20-dma. It's holding this $64.00 support for now but if there any follow through lower we'll likely see PSX hit our stop loss at $63.75. More conservative traders might want to just abandon ship and exit early now.

- 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: 102.95 change: +0.19

Stop Loss: 99.95
Target(s): 108.00
Current Option Gain/Loss: -31.1%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
03/13/13: Shares of TM managed a minor gain on Wednesday. The stock remains inside its bullish channel. 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: 11.83 change: -0.44

Stop Loss: 11.45
Target(s): 19.90
Current Option Gain/Loss: -47.3%
Time Frame: 8 to 9 weeks
New Positions: see below

Comments:
03/13/13: The U.S. market's major indices ticked higher on Wednesday and the VIX reacted with a -3.5% decline. Once again the VIX looks poised to breakdown to new relative lows. Our stop loss is at 11.45.

- 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: 118.13 change: -0.73

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:
03/13/13: WHR dipped to its simple 10-dma and bounced but still closed with a -0.6% decline. There is no change from my prior comments.

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: 69.69 change: +0.23

Stop Loss: 70.65
Target(s): 65.25
Current Option Gain/Loss: -26.1%
Time Frame: 3 to 4 weeks
New Positions: see below

Comments:
03/13/13: The intraday bounce attempt in ASML failed again. Readers may want to wait for a new drop below $69.20 before initiating new bearish positions.

- 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: 55.99 change: -0.21

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:
03/13/13: DGX slipped to a -0.3% decline. We are still sitting on the sidelines waiting for a breakdown to new relative lows. 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


SINA Corp. - SINA - close: 48.47 change: +0.06

Stop Loss: 50.25
Target(s): 42.50
Current Option Gain/Loss: -11.3%
Time Frame: 3 to 4 weeks
New Positions: see below

Comments:
03/13/13: SINA dipped to a new multi-week low on an intraday basis before bouncing. Shares managed to tag our entry trigger at $47.75 so the trade is now open.

- Suggested Positions -

Long APR $47.50 PUT (SINA1320P47.5) entry $2.11

Entry on March 13 at $47.75
Average Daily Volume = 2.7 million
Listed on March 12, 2012


Vitamin Shoppe, Inc. - VSI - close: 51.19 change: +0.27

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:
03/13/13: VSI produced a +0.5% bounce today. Overall shares still look vulnerable. There is no change from my prior 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)

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