Editor's Note:

The big cap indices like the S&P 500 are breaking out to new all-time highs. The Russell 2000 delivered a strong gain but no new highs today.

DDD hit our exit target and we closed our STZ trade today. The DDD option doubled and the STZ option tripled in value.

Elsewhere ANDE hit our entry trigger. I have adjusted a few stop losses tonight.


Current Portfolio:


CALL Play Updates

The Andersons, Inc. - ANDE - close: 82.67 change: +2.47

Stop Loss: 78.40
Target(s): 88.00
Current Option Gain/Loss: + 3.8%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
ANDE continues to show relative strength with a +3.0% gain on Wednesday. The stock has broken out to new all-time highs and hit our trigger to buy calls at $81.10.

Earlier Comments:
FYI: The Point & Figure chart for ANDE is bullish with an $89 target. NOTE: I am suggesting we keep our position size small. ANDE does not see a lot of volume in its stock or its options. The option spreads are a little wide.

*small positions* - Suggested Positions -

Long 2014 Mar $85 call (ANDE1421C85) entry $3.85*
*option entry price is an estimate since the option did not trade at the time our play was opened.

Entry on November 13 at $81.10
Average Daily Volume = 117 thousand
Listed on November 12, 2013


Aon Plc. - AON - close: 80.17 change: -0.40

Stop Loss: 78.75
Target(s): 85.00
Current Option Gain/Loss: -20.5%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
Shares of AON saw some volatility this morning as traders reacted to news that AON had been downgraded to a "neutral" before the opening bell. AON spiked down to $79.15 but quickly rebounded and spent the rest of the day hovering near the $80.00 mark. I am raising our stop loss to $78.75.

- Suggested Positions -

Long 2014 Jan $82.50 call (AON1418a82.5) entry $1.70

11/13/13 new stop loss @ 78.75

Entry on November 08 at $80.50
Average Daily Volume = 2.3 million
Listed on November 06, 2013


Cardinal Health, Inc. - CAH - close: 63.93 change: +0.93

Stop Loss: 61.40
Target(s): 67.50
Current Option Gain/Loss: +36.9%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
After almost two days of trading sideways shares of CH resumed its up trend. The stock outpaced the major indices with a +1.47% gain. Bear in mind that the $65.00 level could be potential round-number resistance and CAH might see a pullback. Look for support near $62.00. I am raising our stop loss up to $61.40.

- Suggested Positions -

Long 2014 Jan $65 call (CAH1418a65) entry $0.84

11/13/13 new stop loss @ 61.40

Entry on November 11 at $62.50
Average Daily Volume = 3.8 million
Listed on November 09, 2013


Costco Wholesale - COST - close: 123.17 change: +1.03

Stop Loss: 119.40
Target(s): 129.00
Current Option Gain/Loss: + 78.4%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
COST is looking healthier as traders buy the dip near its rising 10-dma again. Shares look ready to re-challenge the $125.00 level soon. More conservative traders might want to raise their stop loss. COST could be a little volatile tomorrow as the market reacts to retail giant Wal-Mart's (WMT) earnings report expected out tomorrow morning before the opening bell.

- Suggested Positions -

Long 2014 Jan $125 call (COST1418a125) entry $1.30

11/09/13 new stop loss @ $119.40

Entry on November 06 at $120.50
Average Daily Volume = 1.9 million
Listed on November 02, 2013


Cognizant Technology - CTSH - close: 92.83 change: +1.18

Stop Loss: 89.25
Target(s): 99.00
Current Option Gain/Loss: +23.2%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
The rally in CTSH continues with another new record high today. I don't see any changes from my prior comments although traders looking for an entry point may want to wait for a new dip.

Our target is $99.00. More aggressive traders may want to aim higher. The Point & Figure chart for CTSH is bullish with a $107 target.

- Suggested Positions -

Long 2014 Jan $95 call (CTSH1418a95) entry $2.15

Entry on November 12 at $91.25
Average Daily Volume = 2.1 million
Listed on November 11, 2013


GNC Holdings - GNC - close: 59.70 change: +0.64

Stop Loss: 57.95
Target(s): 64.50
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Comments:
GNC is still inching higher but it can't seem to breakout past resistance near $60.00, at least not yet.

Currently our plan is unchanged with a suggested trigger to buy calls at $60.50.

Trigger @ 60.50

- Suggested Positions -

Buy the DEC $60 call (GNC1322L60) current ask $1.75

Entry on November -- at $---.--
Average Daily Volume = 1.5 million
Listed on November 05, 2013


Lockheed Martin - LMT - close: 137.26 change: -0.03

Stop Loss: 134.90
Target(s): 148.50
Current Option Gain/Loss: -11.3%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
LMT endured a little profit taking today. Shares briefly traded below their 10-dma before bouncing back. The stock closed virtually unchanged for the session, which doesn't inspire any confidence with the market hitting new highs. I am raising our stop loss up to $134.90.

I would not be surprised to see LMT paused at the $140 level, which might be temporary round-number resistance.

- Suggested Positions -

Long 2014 Jan $140 call (LMT1418a140) entry $2.20

11/13/13 new stop loss @ 134.90

Entry on November 07 at $137.25
Average Daily Volume = 1.5 million
Listed on November 06, 2013


Pall Corp. - PLL - close: 82.96 change: +1.09

Stop Loss: 79.75
Target(s): 86.00
Current Option Gain/Loss: +18.1%
Time Frame: Exit PRIOR to earnings on Nov. 26th
New Positions: see below

Comments:
PLL has been sleepwalking sideways for two days but shares finally woke up today. The stock added +1.33% and set a new closing high.

Earlier Comments:
Our target is $86.00. However, we will plan to exit prior to PLL's earnings report in late November (not date set yet). FYI: The Point & Figure chart for PLL is bullish with a long-term $113 target.

- Suggested Positions -

Long DEC $85 call (PLL1321L85) entry $1.10

11/06/13 new stop loss @ 79.75

Entry on October 28 at $80.50
Average Daily Volume = 551 thousand
Listed on October 23, 2013


SPX Corp. - SPW - close: 94.04 change: -0.09

Stop Loss: 91.75
Target(s): 99.00
Current Option Gain/Loss: -19.5%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
SPW delivered a disappointing session with shares drifting sideways. I don't see any changes from my prior comments. Traders may want to wait for a rally above yesterday's high (94.64) before initiating new positions.

FYI: The Point & Figure chart for SPW is bullish with a $113 target.

- Suggested Positions -

Long DEC $95 call (SPW1322L95) entry $2.30

Entry on November 11 at $94.25
Average Daily Volume = 304 thousand
Listed on November 09, 2013


PUT Play Updates

Equinix, Inc. - EQIX - close: 157.83 change: +2.65

Stop Loss: 160.55
Target(s): 150.50
Current Option Gain/Loss: - 6.3%
Time Frame: 3 to 4 weeks
New Positions: see below

Comments:
I am urging caution here. EQIX dipped to a new low and then reversed. Today's session (+1.7%) has created a bullish engulfing candlestick reversal pattern. The stock should still see resistance near $160 and its 10-dma but the risk for put holders just increased. I am lowering our stop loss down to $160.55.

Earlier Comments:
Please note that I am suggesting small positions to limit our risk. The most recent data listed short interest at 28% of the relatively small 39.0 million share float. That raises the risk of a short squeeze. FYI: The Point & Figure chart for EQIX is bearish with a $142 target.

*small positions* - Suggested Positions -

Long DEC $150 PUT (EQIX1322X150) entry $3.15*
11/13/13 new stop loss @ $160.55
*option entry price is an estimate since the option did not trade at the time our play was opened.

Entry on November 08 at $159.00
Average Daily Volume = 1.1 million
Listed on November 07, 2013


SPDR Gold ETF - GLD - close: 122.85 change: +0.40

Stop Loss: 124.25
Target(s): 115.50
Current Option Gain/Loss: Unopened
Time Frame: 3 to 6 weeks
New Positions: Yes, see below

Comments:
It was a relatively quiet day for the GLD. Shares did bounce but today's session created an "inside day", which can suggest investor indecision. There is no change from my prior comments.

Traders may want to limit their position size to limit risk.

I am suggesting a trigger to buy puts at $121.00. If triggered our target is $115.50. More aggressive traders may want to aim lower since the Point & Figure chart for GLD is bearish with a $110 target.

Trigger @ 121.00

- Suggested Positions -

Buy the 2014 Jan $115 PUT (GLD1418m115)

Entry on November -- at $---.--
Average Daily Volume = 7.0 million
Listed on November 12, 2013


Green Mountain Coffee Roasters - GMCR - close: 60.67 change: +0.85

Stop Loss: 61.00
Target(s): 51.50
Current Option Gain/Loss: -30.8%
Time Frame: Exit PRIOR to earnings on Nov. 20th
New Positions: see below

Comments:
Warning! Our bearish GMCR trade could be in trouble. The stock gapped down this morning and hit new multi-month lows only to sharply rebound higher. Not only that but shares outperformed the broader market with a +1.4% gain. Today's session has created a bearish engulfing candlestick reversal pattern.

More conservative traders may want to abandon ship immediately. I am lowering our stop loss down to $61.00.

Earlier Comments:
I am suggesting we keep our position size small to limit our risk. The most recent data listed short interest at more than 40% of the 130 million share float. That does raise the risk of a short squeeze if the market bounces. Our target is $51.50.

*small positions* - Suggested Positions -

Long Dec $55 PUT (GMCR1322x55) entry $4.22

11/13/13 warning! GMCR has produced a potential bullish reversal pattern. Traders might want to exit immediately. New stop loss @ 61.00

Entry on November 07 at $58.25
Average Daily Volume = 4.7 million
Listed on November 07, 2013


Garmin Ltd. - GRMN - close: 45.89 change: +0.04

Stop Loss: 48.05
Target(s): 43.50
Current Option Gain/Loss: + 4.6%
Time Frame: 3 to 4 weeks
New Positions: see below

Comments:
GRMN eked out a very small gain. The stock continues to underperform the broader market. Yet I am not suggesting new positions at this time. We will adjust our stop loss down to $48.05.

Earlier Comments:
I do consider this an aggressive trade. GRMN has obviously been volatile the last couple of days. Plus the most recent data listed short interest at 13% of the 121 million share float.

Our target is $43.50. At this point GRMN should be nearing significant support in the $43.00 area and we might switch directions and buy calls.

*Small Positions!* - Suggested Positions -

Long DEC $45 PUT (GRMN1322X45) entry $1.08

11/13/13 new stop loss @ 48.05
11/06/13 new stop loss @ 48.55

Entry on November 01 at $46.82
Average Daily Volume = 1.2 million
Listed on October 31, 2013



Longer-Term Play Updates



Vanguard FTSE Europe ETF - VGK - close: 56.26 change: +0.24

Stop Loss: 53.90
Target(s): Sell half @ $58.00, sell the rest at $63.00
Current Option Gain/Loss: +33.3%
Time Frame: exit PRIOR to 2014 March option expiration
New Positions: see below

Comments:
The major European markets were down almost across the board today. Yet that didn't stop the VGK. The ETF did gap lower in reaction to trading overseas but the ETF rebounded to close up on the session. There is still short-term technical resistance at the 10-dma.

Earlier Comments:
Don't forget that we have two exit targets for this trade! More conservative traders could lock in gains now with our option up +94%.

We are taking a multi-month time frame with this trade. FYI: The Point & Figure chart for VGK is bullish with a $63 target.

- Suggested Positions -

Long 2014 Mar $55 call (VGK1422C55) entry $1.80*

10/22/13 Strategy Update: Plan to exit half @ $58.00 and exit the rest at $63.00. New stop loss @ 53.90
10/19/13 new stop loss @ 52.75
09/11/13 trade opens. VGK @ 53.60
*option entry @ 1.80 is an estimate. Ask closed at $1.75 yesterday
09/10/13 entry trigger met. open positions tomorrow.
09/10/13 new stop loss @ 50.95
08/24/13 adjust the option strike from 2013 Dec $55 to $2014 Mar $55.

Entry on September 11 at $---.--
Average Daily Volume = 3.0 million
Listed on August 10, 2013


CLOSED BULLISH PLAYS

3D Systems - DDD - close: 78.12 change: +0.18

Stop Loss: 73.25
Target(s): 79.00
Current Option Gain/Loss: +125.0%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
Target achieved. DDD rallied up to $79.33 before paring its gains. Our exit target was hit at $79.00.

*small positions* - Suggested Positions -

Long DEC $75 call (DDD1322L75) entry $3.20 exit $7.20 (+125.0%)

11/13/13 target hit at $79.00
11/12/13 raise the exit target to $79.00, was 78.50
11/12/13 new stop loss @ 73.25

chart:

Entry on November 11 at $71.50
Average Daily Volume = 4.2 million
Listed on November 09, 2013


Constellation Brands - STZ - close: 67.30 change: +0.26

Stop Loss: 64.75
Target(s): 68.50
Current Option Gain/Loss: +240.5%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
Traders bought the dip again and STZ closed at a new high. Our plan was to exit positions today at the closing bell to lock in gains before our November options expired this weekend.

- Suggested Positions -

Long NOV $62.50 call (STZ1316k62.5) entry $1.38 exit $4.70 (+240.5%)

11/13/13 planned exit
11/12/13 new stop loss @ 65.95, prepare to exit positions tomorrow at the closing bell
11/07/13 new stop loss @ 64.75
11/06/13 new stop loss @ 64.25
11/05/13 new stop loss @ 63.85
10/30/13 new stop loss @ 63.40
10/29/13 new stop loss @ 63.25
10/28/13 adjust exit target to $68.50
10/22/13 new stop loss @ 61.90, readers may want to take profits now. Our option is up +84%.
10/16/13 new stop loss @ 59.75
10/11/13 trade opened on gap higher at $61.25,
trigger was $61.10

chart:

Entry on October 11 at $61.25
Average Daily Volume = 1.9 million
Listed on October 10, 2013