Editor's Note:

The Monday morning pop higher in stocks reversed sharply but traders were buying the dip again early afternoon.

INGR and JOY were both triggered today.


Current Portfolio:


CALL Play Updates

Axiall Corp. - AXLL - close: 61.61 change: -0.38

Stop Loss: 59.90
Target(s): 69.00
Current Option Gain/Loss: Apr62.5c: -45.3% & May65c: -34.4%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
03/25/13: AXLL continues to see profit taking with the stock down three days in a row. Shares have not broken below short-term technical support at the 10-dma. AXLL appears headed for what should be round-number support at the $60.00 mark. However, the stock was trying to bounce late this afternoon. If the market cooperates, I would expect AXLL to recover. I am not suggesting new positions at this time.

- 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: 55.61 change: -0.75

Stop Loss: 54.40
Target(s): 58.50
Current Option Gain/Loss: -4.0%
Time Frame: 6 to 9 weeks
New Positions: see below

Comments:
03/25/13: CR opened higher and then plunged until about 1:00 p.m. when the stock traded near the $55.00 level. CR managed to trim its losses but still posted a -1.3% decline. Today's loss is also a bearish breakdown below short-term support at the 10-dma. I am not suggesting new positions at this time.

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

03/23/13 new stop loss @ 54.40
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


CommVault Sys. - CVLT - close: 81.26 change: -0.80

Stop Loss: 79.45
Target(s): 89.00
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Comments:
03/25/13: The early pop in CVLT didn't last. The stock fell to round-number support near $80.00 before bouncing. More aggressive traders could buy calls on this bounce. We are still waiting for a move to our entry trigger at $83.25. If triggered our target is $89.00.

Trigger @ 83.25

- Suggested Positions -

buy the Apr $85 call (CVLT1320D85)

Entry on March -- at $---.--
Average Daily Volume = 627 thousand
Listed on March 20, 2012


Green Mtn Coffee Roasters - GMCR - close: 55.62 change: +0.19

Stop Loss: 53.45
Target(s): 59.75
Current Option Gain/Loss: -12.1%
Time Frame: 3 to 4 weeks
New Positions: see below

Comments:
03/25/13: GMCR managed to post a small gain for Monday's session. Shares were trying to bounce near their 10-dma. On an intraday chart you can see that traders bought the dip twice near $54.70. Nimble traders might want to consider buying calls on a move past today’s high at $55.85.

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

03/23/13 new stop loss @ 53.45

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


Genesee & Wyoming - GWR - close: 93.80 change: -0.34

Stop Loss: 89.90
Target(s): 98.50
Current Option Gain/Loss: -53.5%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
03/25/13: The transportation sector had a rough time on Monday, at least for the first half of the day. The early morning rally attempt quickly failed and the Dow Jones Transportation Average plunged until about 1:00 p.m. when it finally bounced and pared its losses. The move in GWR mirrors the action in the transportation average.

More conservative traders might want to consider an early exit. Today’s low in GWR was $90.76. I am raising our stop loss to $90.70.

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

03/25/13 new stop loss @ 90.70
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


Ingredion Inc. - INGR - close: 70.88 change: +0.41

Stop Loss: 68.45
Target(s): 74.75
Current Option Gain/Loss: -2.9%
Time Frame: 3 to 4 weeks
New Positions: , see below

Comments:
03/25/13: Our new play in INGR has been opened. The stock displayed relative strength with a +0.5% gain and a bullish breakout to new highs. Our trigger to buy calls was hit at $70.65. I would still consider new positions now at current levels.

FYI: The Point & Figure chart for INGR is bullish with an $83 target. NOTE: INGR has a 38 cent dividend payable on April 25th to shareholders on record as of April 1st.

- Suggested Positions -

Long Apr $70 call (INGR1320D70) entry $1.70

Entry on March 25 at $70.65
Average Daily Volume = 585 thousand
Listed on March 23, 2012


Kansas City Southern - KSU - close: 106.71 change: -0.85

Stop Loss: 104.75
Target(s): 114.00
Current Option Gain/Loss: -28.0%
Time Frame: 3 to 5 weeks
New Positions: see below

Comments:
03/25/13: KSU was also handicapped by the weakness in the rest of the transportation sector. Traders did buy the dip near short-term support at $106.00 but unfortunately KSU still looks weak. Today's low was $106.21. I am raising our stop loss up to $105.75. More aggressive traders could leave their stop below the $105 level. I am not suggesting new positions at this time.

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

03/25/13 new stop loss @ 105.75
03/23/13 Our stop is at $104.75 but readers may want to use a stop around $105.75 instead.

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


McCormick & Co. - MKC - close: 71.79 change: -0.40

Stop Loss: 70.85
Target(s): 74.85
Current Option Gain/Loss: -3.7%
Time Frame: Prepare to exit PRIOR to earnings on April 2nd
New Positions: see below

Comments:
03/25/13: MKC popped to a new all-time high this morning but gains faded. The stock suffered some profit taking with a relatively somber market today. We only have a few days left. I am not suggesting new positions at this time.

Earlier Comments:
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

03/23/13 new stop loss @ 70.85
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


Noble Energy - NBL - close: 113.19 change: -0.97

Stop Loss: 112.65
Target(s): 119.75
Current Option Gain/Loss: Unopened
Time Frame: 3 to 6 weeks
New Positions: Yes, see below

Comments:
03/25/13: Early morning strength pushed NBL past its 10-dma and past the $115.00 level but NBL failed to hit our entry trigger at $115.25. Thank goodness it did fail. Shares immediately turned south and plunged back toward its 20 and 30-dma. The low today was $112.76.

I am adjusting our entry trigger to $115.35 and adjusting our stop loss to $112.65.

Trigger @ 115.35

- Suggested Positions -

buy the May $120 call (NBL1318E120)

03/25/13 adjust entry trigger to $115.35, adjust stop to $112.65

Entry on March -- at $---.--
Average Daily Volume = 1.0 million
Listed on March 23, 2012


Toyota Motors - TM - close: 103.31 change: -0.68

Stop Loss: 102.35
Target(s): 108.00
Current Option Gain/Loss: -53.3%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
03/25/13: The stock market's sharp intraday reversal was very evident in TM's trading today. The stock did bounce at $102.50 but TM looks like it's in danger of breaking the bullish up trend. I am not suggesting new positions and more conservative traders may want to exit early now. Our stop loss remains $102.35.

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

F5 Networks - FFIV - close: 87.48 change: +0.47

Stop Loss: 90.55
Target(s): 85.25
Current Option Gain/Loss: +20.0%
Time Frame: 3 to 4 weeks
New Positions: see below

Comments:
03/25/13: After Friday's decline FFIV managed a bit of a bounce today (+0.5%). Overall the trend remains bearish. Nimble traders could look for a failed rally in the $89-90 zone as a new bearish entry point. Our target is $85.25 but more aggressive traders may want to aim for the $82.00-81.50 zone instead.

- Suggested Positions -

Long Apr $85 PUT (FFIV1320P85) entry $1.40

03/23/13 new stop loss @ 90.55

Entry on March 22 at $89.11
Average Daily Volume = 1.5 million
Listed on March 21, 2012


Joy Global, Inc. - JOY - close: 57.81 change: -0.60

Stop Loss: 60.25
Target(s): 52.50
Current Option Gain/Loss: +1.6%
Time Frame: 3 to 4 weeks
New Positions: see below

Comments:
03/25/13: JOY finally broke down below last week's low and hit our trigger to buy puts at $57.50. I would still consider new bearish positions at current levels. Our target is $52.50 but you could aim for the $50 level.

- Suggested Positions -

Long Apr 60 PUT (JOY1320P60) entry $3.05

Entry on March 25 at $57.50
Average Daily Volume = 2.7 million
Listed on March 20, 2012


Vitamin Shoppe, Inc. - VSI - close: 49.08 change: -1.22

Stop Loss: 51.55
Target(s): 45.50
Current Option Gain/Loss: + 5.0%
Time Frame: 3 to 4 weeks
New Positions: see below

Comments:
03/25/13: VSI is starting to show relative weakness again with a -2.4% decline and a new relative low. Readers could use today's drop as a new bearish entry point to buy puts.

- Suggested Positions -

Long Apr $50 PUT (VSI1320P50) entry $2.00

Entry on March 21 at $49.75
Average Daily Volume = 736 thousand
Listed on March 11, 2012