Editor's Note:

The Asian markets were lower today following disappointing economic data out of China. U.S. indices stumbled lower at the open but pared their losses.

FB hit our entry trigger.


Current Portfolio:


CALL Play Updates

BorgWarner Inc. - BWA - close: 61.56 change: +0.25

Stop Loss: 59.90
Target(s): 67.50
Current Option Gain/Loss: Unopened
Time Frame: exit prior to April expiration
New Positions: Yes, see below

Comments:
03/10/14: BWA is still consolidating sideways but ended on its highs for the day. We are looking for a breakout higher.

We want to use a trigger to buy calls on BWA at $62.25. If triggered we'll use a stop loss at $59.90. Our initial target is $67.50.

Trigger @ 62.25

- Suggested Positions -

Buy the Apr $65 call (BWA1419D65)

03/05/14 corrected some numbers on the entry point, target and stop loss.
Use a trigger @ 62.25. Use a stop at $59.90. Target 67.50

Entry on March -- at $---.--
Average Daily Volume = 2.0 million
Listed on March 04, 2014


Chicago Bridge & Iron - CBI - close: 83.31 change: -0.99

Stop Loss: 80.90
Target(s): 89.50
Current Option Gain/Loss: -28.5%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/10/14: CBI underperformed the market today with a -1.1% decline. Shares actually closed below their simple 10-dma, which is short-term bearish. I am not suggesting new positions at this time.

Earlier Comments:
Our target is $89.50. More aggressive investors could aim higher since the Point & Figure chart for CBI is bullish with a $111 target.

- Suggested Positions -

Long Apr $85 call (CBI1419D85) entry $2.80

03/04/14 triggered @ 84.50

Entry on March 04 at $84.50
Average Daily Volume = 1.16 million
Listed on March 01, 2014


Centene Corp. - CNC - close: 64.16 change: +0.73

Stop Loss: 61.75
Target(s): 67.75
Current Option Gain/Loss: -40.0%
Time Frame: 3 to 4 weeks
New Positions: see below

Comments:
03/10/14: CNC was showing some relative strength today and closed on its highs for the session. I am not suggesting new positions at this time.

Earlier Comments:
Our target is $67.75. More aggressive investors may want to aim higher since the Point & Figure chart for CNC is bullish with a $78 target.

- Suggested Positions -

Long Mar $65 call (CNC1422C65) entry $1.25

03/01/14 new stop loss @ 61.75
02/24/14 triggered @ 63.60

Entry on February 25 at $63.60
Average Daily Volume = 656 thousand
Listed on February 24, 2014


Facebook, Inc. - FB - close: 72.03 change: +2.23

Stop Loss: 68.40
Target(s): 77.50
Current Option Gain/Loss: + 19.0%
Time Frame: exit prior to April expiration
New Positions: see below

Comments:
03/10/14: FB was a big winner today (+3.1%) after shares were upgraded with a $90 price target. Our trigger to buy calls was $70.75 but FB gapped open higher at $70.77 this morning immediately triggering our play. FB looks poised to breakout past short-term resistance near $72.00 tomorrow.

Our multi-week target is $77.50. Investors may want to aim higher. The Point & Figure chart is very bullish with a long-term target of $110.

- Suggested Positions -

Long Apr $75 call (FB1419D75) entry $2.00

03/10/14 triggered on gap higher at $70.77, trigger was $70.75
03/08/14 adjust entry trigger from $71.25 down to $70.75

Entry on March 10 at $70.77
Average Daily Volume = 58 million
Listed on March 06, 2014


Intl. Flavors & Fragrances - IFF - close: 95.28 change: -0.02

Stop Loss: 92.80
Target(s): 99.50
Current Option Gain/Loss: +36.6%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/10/14: IFF is still quietly drifting sideways near the $95.00 level. I am not suggesting new positions at this time.

- Suggested Positions -

Long Apr $95 call (IFF1419D95) entry $1.50

03/08/14 new stop loss @ 92.80
03/04/14 new stop loss @ 92.40
02/28/14 triggered @ 93.65

Entry on February 28 at $93.65
Average Daily Volume = 410 thousand
Listed on February 27, 2014


Lockheed Martin - LMT - close: 165.48 change: -1.09

Stop Loss: 159.90
Target(s): 169.75 & 174.75
Current Option Gain/Loss: - 2.3%
Time Frame: exit prior to April option expiration
New Positions: see below

Comments:
03/10/14: LMT dipped toward short-term support near $165.00 this morning. I am not suggesting new positions at this time.

We have two different targets. Our conservative target is $169.75. Our more aggressive target is $174.75. FYI: The Point & Figure chart for LMT is very bullish with a $221 target.

- Suggested Positions -

Long Apr $165 call (LMT1419D165) entry $4.20

03/04/14 triggered @ 164.35

Entry on March 04 at $164.35
Average Daily Volume = 2.3 million
Listed on March 03, 2014


ManpowerGroup, Inc. - MAN - close: 78.76 change: -0.61

Stop Loss: 77.90
Target(s): 85.00
Current Option Gain/Loss: Unopened
Time Frame: 4 to 6 weeks
New Positions: Yes, see below

Comments:
03/10/14: MAN recovered from its Monday morning lows but still underperformed the market with a -0.7% decline. Currently we are on the sidelines waiting for a breakout higher.

We are suggesting a trigger to buy calls at $80.55. If triggered our target is $85.00. More aggressive traders could aim for the highs near $87. The Point & Figure chart for MAN is bullish with a $90 target.

Trigger @ 80.55

- Suggested Positions -

Buy the APR $85 call (MAN1419D85)

Entry on March -- at $---.--
Average Daily Volume = 953 thousand
Listed on March 08, 2014


Rock-Tenn Co. - RKT - close: 110.64 change: -1.93

Stop Loss: 109.65
Target(s): 119.50
Current Option Gain/Loss: -43.5%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/10/14: This is it! This is an important test of support for RKT. Shares dipped to the $110 level. The intraday low was $109.93. I would buy calls on a bounce above $111.00. If there is any follow through lower tomorrow we will likely see RKT hit our stop at $109.65.

Earlier Comments:
Our target is $119.50. FYI: The Point & Figure chart for RKT is bullish with a $129 target.

- Suggested Positions -

Long APR $115 call (RKT1419D115) entry $3.10*

03/04/14 new stop loss @ 109.65
03/04/14 triggered on gap higher at $113.35, trigger was 112.00
*option entry price is an estimate since the option did not trade at the time our play was opened.

Entry on March 04 at $113.35
Average Daily Volume = 809 thousand
Listed on March 01, 2014


Rockwell Automation - ROK - close: 123.74 change: -0.98

Stop Loss: 121.75
Target(s): 125.00
Current Option Gain/Loss: +35.2%
Time Frame: 3 to 6 weeks
New Positions: see below

Comments:
03/10/14: ROK gave back the majority of Friday's gains with a nearly $1.00 drop today. Technically today's move also looks like a bearish engulfing candlestick reversal pattern. More conservative traders may want to abandon ship now.

- Suggested Positions -

Long APR $125 call (ROK1419D125) entry $1.70

03/08/14 new stop loss @ 121.75
03/04/14 adjust exit target to $125.00
03/01/14 new stop loss @ 119.40
02/27/14 new stop loss @ 118.75
02/25/14 triggered @ 121.25

Entry on February 25 at $121.25
Average Daily Volume = 1.1 million
Listed on February 22, 2014


Constellation Brands Inc. - STZ - close: 83.95 change: +0.04

Stop Loss: 81.45
Target(s): Target for March calls @ $84.50
Target(s): Target for April calls @ $88.00
Current Option Gain/Loss: Mar$80c:+135.2% & Apr$80c: +57.5%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/10/14: STZ was trying to push higher today but struggled with the $84.00 level. The intraday high was $84.33.

Our target to exit the March $80 calls is STZ at $84.50.
Our target to exit the April $80 calls is STZ at $88.00.

- Suggested Positions -

Buy the MAR $80 call (STZ1422C80) entry $1.70

- or -

Buy the APR $80 call (STZ1419D80) entry $3.30

03/08/14 new stop loss @ 81.45
move the target to exit the March calls to $84.50
move the target to exit the April calls to $88.00
03/01/14 new stop loss @ 79.65
02/25/14 new stop loss @ 78.75
02/22/14 new stop loss @ 77.80
02/18/14 new stop loss @ 77.40
02/13/14 new stop loss @ 76.40
02/12/14 triggered @ 79.00

Entry on February 12 at $79.00
Average Daily Volume = 1.5 million
Listed on February 11, 2014


Domtar Corp. - UFS - close: 109.41 change: -0.91

Stop Loss: 108.45
Target(s): 118.00
Current Option Gain/Loss: -47.6%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/10/14: It was not a good day for our UFS trade. The stock almost hit our stop loss with the intraday low at $108.52. The close below $110 and below its simple 10-dma today is short-term bearish. Traders may want to just exit early now. I am not suggesting new positions at this time.

Earlier Comments:
Our target is $118.00. The Point & Figure chart for UFS is bullish with a $135 target.

- Suggested Positions -

Long APR $115 call (UFS1419D115) entry $2.10*

03/08/14 new stop loss @ 108.45
02/28/14 triggered @ 110.50
*option entry price is an estimate since the option did not trade at the time our play was opened.

Entry on February 28 at $110.50
Average Daily Volume = 817 thousand
Listed on February 26, 2014


Varian Medical Systems - VAR - close: 84.34 change: -0.35

Stop Loss: 83.40
Target(s): 89.75
Current Option Gain/Loss: Unopened
Time Frame: 4 to 6 weeks
New Positions: Yes, see below

Comments:
03/10/14: VAR spent Monday's session churning sideways between short-term support near its 10-dma and resistance near $85.00.

I am suggesting a trigger to buy calls at $85.05. Resistance is closer to $84.70 and more aggressive traders could jump in early at $84.75 instead. If the newsletter is triggered at $85.05 our target is $89.75. The Point & Figure chart for VAR is bullish with a $91 target.

Trigger @ 85.05

- Suggested Positions -

Buy the Apr $85 call (VAR1419D85) current ask $1.70

Entry on March -- at $---.--
Average Daily Volume = 573 thousand
Listed on March 08, 2014


Vulcan Materials - VMC - close: 68.14 change: -0.71

Stop Loss: 66.25
Target(s): 74.50
Current Option Gain/Loss: -34.0%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/10/14: VMC shot lower this morning but bounced at $67.24. The stock underperformed the market today with a -1.0% decline. More conservative traders might want to adjust their stop loss closer to $67.00.

- Suggested Positions -

Long APR $70 call (VMC1419D70) entry $2.35*

03/04/14 triggered on gap higher at $69.31. Suggested trigger was $68.75
*option entry price is an estimate since the option did not trade at the time our play was opened.

Entry on March 04 at $69.31
Average Daily Volume = 1.1 million
Listed on March 03, 2014




PUT Play Updates

Green Mountain Coffee Roasters - GMCR - cls: 103.99 chg: -2.01

Stop Loss: 112.25
Target(s): 101.00
Current Option Gain/Loss: +169.3%
Time Frame: Exit prior to March option expiration
New Positions: see below

Comments:
03/10/14: Green Mountain Coffee Roasters officially changed their corporate name to Keurig Green Mountain, Inc. today. Meanwhile the retreat in the stock continues with another $2.00 lost today. GMCR is testing its 30-dma. The intraday low was $103.64. Our target to exit is $101.00.

Earlier Comments:
GMCR can be a volatile stock so we consider any trades to be more aggressive and higher risk. Use small positions to limit risk.

*small positions* - Suggested Positions -

Long MAR $110 PUT (GMCR1422o110) entry $2.58*

03/08/14 new stop loss @ 112.25
03/06/14 our put has doubled in value. Traders may want to take some money off the table.
03/05/14 new stop loss @ 113.55
03/01/14 new stop loss @ 115.05
02/27/14 triggered @ 114.65
*option entry price is an estimate since the option did not trade at the time our play was opened.

Entry on February 27 at $114.65
Average Daily Volume = 6.7 million
Listed on February 26, 2014


The ExOne Company - XONE - close: 42.81 change: -2.11

Stop Loss: 46.35
Target(s): 40.25
Current Option Gain/Loss: +15.7%
Time Frame: exit PRIOR to earnings on March 19th
New Positions: see below

Comments:
03/10/14: The 3D printing stocks continued to sink on Monday and XONE lost -4.69%.

Earlier Comments:
I do consider this an aggressive, higher-risk trade. The 3D printing stocks can be very volatile. Furthermore XONE has very high short interest. The most recent data listed short interest at 43% of the very, very small 7.9 million share float. That raises the risk of a short squeeze. This trade also has a short time frame. XONE is scheduled to report earnings on March 19th. We do not want to hold over the report. That gives us about two weeks.

*Small Positions - Aggressive Trade*

Long MAR $40 PUT (XONE1422o40) entry $1.08

03/06/14 triggered @ 44.40

Entry on March 06 at $44.40
Average Daily Volume = 444 thousand
Listed on March 05, 2014