Editor's Note:

The U.S. market's major indices ended a three-day slide on Wednesday. Once again the S&P 500 index looks poised to hit new all-time historic highs.

AXLL and MKC were both triggered today.


Current Portfolio:


CALL Play Updates

Axiall Corp. - AXLL - close: 62.09 change: -0.04

Stop Loss: 59.90
Target(s): 69.00
Current Option Gain/Loss: Apr62.5c: +12.5% & May65c: +16.3%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
03/20/13: Our new trade on AXLL is off to a strong start. Shares opened at $62.36 and rallied to a +4.1% gain and another new high. Our trigger to buy calls was hit at $63.15.

> FYI: The Point & Figure chart for AXLL is bullish with an $83 target.

- Suggested Positions -

Long Apr $62.50 call (AXLL1320D62.5) entry $3.20

- or -

Long May $65 call (AXLL1318E65) entry $2.75*

03/20/13 trade opened at trigger $63.15.
*option entry price is an estimate since the option did not trade at the time our play was opened.

Entry on March 20 at $63.15
Average Daily Volume = 1.3 million
Listed on March 19, 2012


Crane Co. - CR - close: 56.77 change: +0.19

Stop Loss: 53.90
Target(s): 58.50
Current Option Gain/Loss: +24.0%
Time Frame: 6 to 9 weeks
New Positions: see below

Comments:
03/20/13: CR is still marching higher with small steady gains every day. I am adjusting our stop loss to $53.90.

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

03/20/13 new stop loss @ 53.90
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


Green Mtn Coffee Roasters - GMCR - close: 56.19 change: +1.13

Stop Loss: 52.95
Target(s): 59.75
Current Option Gain/Loss: +10.3%
Time Frame: 3 to 4 weeks
New Positions: see below

Comments:
03/20/13: After yesterday's show of relative strength the rally in GMCR stalled today. Shares gave back -0.6%. Nimble traders could use a dip near the $55.00 mark or the 10-dma as a new bullish entry point.

Earlier Comments:
If this rally continues GMCR could see a short squeeze. The most recent data listed short interest at 37% of the 129 million-share float.

- Suggested Positions -

Long Apr 57.50 call (GMCR1320D57.5) entry $1.64

Entry on March 19 at $55.55
Average Daily Volume = 3.4 million
Listed on March 18, 2012


Genesee & Wyoming - GWR - close: 92.18 change: -1.66

Stop Loss: 89.90
Target(s): 98.50
Current Option Gain/Loss: -14.2%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
03/20/13: GWR gapped open higher but then spent the rest of the day inside the $92.50-93.50 zone. I am not suggesting new positions at current levels.

More conservative traders may want to raise theirs closer to yesterday's low (91.10).

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

03/19/13 new stop loss @ 89.90

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


Kansas City Southern - KSU - close: 108.98 change: +1.07

Stop Loss: 104.75
Target(s): 114.00
Current Option Gain/Loss: +10.0%
Time Frame: 3 to 5 weeks
New Positions: see below

Comments:
03/20/13: KSU is back to showing relative strength. The stock added +0.99% and looks poised to breakout past resistance near $110 soon.

Earlier Comments:
We want to keep our position size small to limit our risk since the transportation sector and KSU are arguably overbought at current levels.

- Suggested Positions -

Long Apr $110 call (KSU1320D110) entry $2.50

Entry on March 14 at $107.50
Average Daily Volume = 984 thousand
Listed on March 13, 2012


McCormick & Co. - MKC - close: 71.71 change: +0.70

Stop Loss: 69.90
Target(s): 74.85
Current Option Gain/Loss: -5.5%
Time Frame: Prepare to exit PRIOR to earnings on April 2nd
New Positions: see below

Comments:
03/20/13: Our new play on MKC has been opened. We wanted to launch bullish positions at $71.20 but shares gapped open higher at $71.40 this morning. The rally continued and MKC outperformed the broader market with a +0.98% gain. I would keep our position size small to limit our risk. Don't forget that we plan to exit prior to the earnings report on April 2nd.

*Small Positions* - Suggested Positions -

Long Jun $70 call (MKC1322F70) current ask $2.70

03/20/13 triggered on gap open higher at $71.40

Entry on March 20 at $71.40
Average Daily Volume = 750 thousand
Listed on March 19, 2012


Toyota Motors - TM - close: 104.28 change: +1.13

Stop Loss: 102.35
Target(s): 108.00
Current Option Gain/Loss: -26.6%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
03/20/13: TM displayed some relative strength today with a +1.0% gain. The stock looks poised to breakout from its recent sideways consolidation. Readers may want to wait for a close above $105.00 before considering new positions.

Earlier Comments:
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

03/18/13 new stop loss @ 102.35, more conservative traders may want to exit early now
03/16/13 new stop loss @ 101.75

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


PUT Play Updates

SINA Corp. - SINA - close: 49.60 change: +2.09

Stop Loss: 50.25
Target(s): 42.50
Current Option Gain/Loss: -48.3%
Time Frame: 3 to 4 weeks
New Positions: see below

Comments:
03/20/13: The Chinese Shanghai index was up strongly today with a +2.6% gain. This strength back home may have sparked some short covering in shares of SINA. The stock opened higher and surged to a +4.3% gain. The rally did stall at round-number resistance at the $50.00 mark. Unfortunately today's rally does break the multi-week bearish trend of lower highs. If there is any follow through higher we could see SINA hit our stop loss at $50.25. I am not suggesting new positions.

- 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: 50.90 change: +0.32

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:
03/20/13: The rebound in VSI (+0.6%) kept pace with the bounce in the S&P 500 index (+0.6%). Overall VSI continues to look vulnerable. We are still sitting on the sidelines waiting for a breakdown.

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