Editor's Note:

The U.S. market produced a widespread bounce on Tuesday but gains were mild for the major indices.

FLT has been removed. LMT and TGT hit our entry triggers.


Current Portfolio:


CALL Play Updates

ASML Holdings - ASML - close: 91.98 change: +0.87

Stop Loss: 89.75
Target(s): 99.50
Current Option Gain/Loss: -23.6%
Time Frame: exit prior to earnings on April 16th
New Positions: see below

Comments:
03/25/14: ASML outpaced the market's bounce with a +0.9% gain. Today's rally looks like a new entry point but more conservative traders might want to wait for a rise above today's high (92.26).

FYI: The Point & Figure chart for ASML is bullish with a $104 target.

- Suggested Positions -

Long Apr $95 call (ASML1419D95) entry $1.90*

03/19/14 triggered @ 92.25
*option entry price is an estimate since the option did not trade at the time our play was opened.

Entry on March 19 at $92.25
Average Daily Volume = 1.6 million
Listed on March 18, 2014


Chicago Bridge & Iron - CBI - close: 85.69 change: +0.34

Stop Loss: 80.90
Target(s): 94.75
Current Option Gain/Loss: -16.0%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/25/14: CBI's performance today was a bit disappointing with more of a sideways move. I don't see any changes from my prior comments. More conservative traders may want to raise their stop loss.

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

03/18/14 adjust exit target from $89.50 to $94.75
03/04/14 triggered @ 84.50

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


CVS Caremark - CVS - close: 74.95 change: +0.60

Stop Loss: 73.45
Target(s): 79.75
Current Option Gain/Loss: Unopened
Time Frame: 4 to 8 weeks
New Positions: Yes, see below

Comments:
03/25/14: CVS continues to push higher. Shares are testing resistance at the $75.00 level and the intraday high was $75.05.

We are suggesting a trigger to buy calls on CVS if shares trade at $75.10. If triggered our target is $79.75.

Trigger @ $75.10

- Suggested Positions -

Buy the May $75 call (CVS1417E75) current ask $1.85

Entry on March -- at $---.--
Average Daily Volume = 5.4 million
Listed on March 24, 2014


Greenbrier Companies - GBX - close: 46.35 change: +0.05

Stop Loss: 44.90
Target(s): April call target: $49.85, June call target: $54.75
Current Option Gain/Loss: Apr$50c: -44.4% & Jun$50c: -20.0%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/25/14: GBX delivered a disappointing session. Shares failed at resistance near $47.20 again. I am growing concerned with the stock's lack of progress. We will raise our stop loss to $44.90. I am not suggesting new positions at this time.

- Suggested Positions -

Long Apr $50 call (GBX1419D50) entry $0.90

- or -

Long Jun $50 call (GBX1421F50) entry $2.00

03/25/14 new stop @ 44.90
03/18/14 adjust exit target for June calls from $53.50 to $54.75
03/13/14 opened at $46.25

Entry on March 13 at $46.25
Average Daily Volume = 608 thousand
Listed on March 12, 2014


Russell 2000 ETF - IWM - close: 116.93 change: -0.03

Stop Loss: 115.95
Target(s): TBD
Current Option Gain/Loss: -34.4%
Time Frame: exit prior to May expiration
New Positions: see below

Comments:
03/25/14: Early gains in the small cap ETF reversed. The IWM tested support near $116 again before eventually settling almost unchanged. Today's relative weakness in the small caps is a caution sign for the market.

We are adjusting our stop loss to $115.95. I am not suggesting new positions at this time.

- Suggested Positions -

Long May $120 call (IWM1417E120) entry $2.50*

03/25/14 new stop @ 115.95
03/17/14 triggered @ 118.25
*option entry price is an estimate since the option did not trade at the time our play was opened.

Entry on March 17 at $118.25
Average Daily Volume = 43 million
Listed on March 15, 2014


Lockheed Martin - LMT - close: 160.57 change: +2.38

Stop Loss: 156.95
Target(s): to be determined
Current Option Gain/Loss: Apr$160c: - 6.2% & Jun$165c: - 2.9%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/25/14: Our new play on LMT has been triggered. The stock bounced as we expected and clear potential resistance near $160.00. Our entry point was hit at $160.75.

We're not setting a target just yet but the recent highs near $168.00 could be a target for short-term traders.

- Suggested Positions -

Long Apr $160 call (LMT1419D160) entry $3.20

- or -

Long Jun $165 call (LMT1421F165) entry $3.40*

03/25/14 triggered @ 160.75
*option entry price is an estimate since the option did not trade at the time our play was opened.

Entry on March 25 at $160.75
Average Daily Volume = 2.0 million
Listed on March 24, 2014


VMware, Inc. - VMW - close: 110.08 change: +1.32

Stop Loss: 106.45
Target(s): 114.75
Current Option Gain/Loss: + 88.5%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/25/14: Traders continue to buy the dips in VMW near its rising 10-dma. The stock added +1.2% and closed back above the $110.00 level. There appears to be some short-term resistance in the $111.00 area.

I am not suggesting new positions at this time.

- Suggested Positions -

Long Apr $105 call (VMW1419D105) entry $3.50

03/22/14 new stop @ 106.45
03/20/14 new stop @ 105.85
03/18/14 new stop @ 104.45, adjust exit target from $114.00 to $114.75
03/17/14 new stop @ 103.80, traders may want to take profits now
03/11/14 triggered on gap higher at $104.08, suggested entry was $103.55

Entry on March 11 at $104.08
Average Daily Volume = 2.0 million
Listed on March 10, 2014


Cimarex Energy Co. - XEC - close: 115.84 change: +0.07

Stop Loss: 112.45
Target(s): 128.50
Current Option Gain/Loss: Apr$120c: -44.1% & Jun$125c: -25.9%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/25/14: The good news is that XEC did not see any follow through on yesterday's reversal lower and the $115 level held up as support. The bad news is that XEC did not see much of a bounce and reversed at $118.00 this morning.

I am no suggesting new positions at the moment.

We have our stop loss at $112.45, which is just below last Thursday's low. More conservative traders may want to consider raising their stop loss closer to the $115.00 mark.

- Suggested Positions -

Long APR $120 call (XEC1419D120) entry $3.49

- or -

Long JUN $125 call (XEC1421F125) entry $5.40

03/21/14 triggered @ 118.25

Entry on March 21 at $118.25
Average Daily Volume = 1.3 million
Listed on March 20, 2014




PUT Play Updates

Aegerion Pharmaceuticals - AEGR - close: 46.21 change: +1.20

Stop Loss: 50.75
Target(s): 40.25
Current Option Gain/Loss: - 4.5%
Time Frame: exit PRIOR to April expiration
New Positions: see below

Comments:
03/25/14: I cautioned readers last night that AEGR might see a bounce from the $45.00 level. Sure enough, with a little help from an up market today, AEGR gained +2.65%. I am not suggesting new positions at this time.

Earlier Comments:
I am suggesting small positions because biotech stocks can be volatile and AEGR already has short interest nearing 20% of its small 28.3 million share float. The Point & Figure chart for AEGR is bearish with a $41 target.

*small positions to limit risk*

Long Apr $45 PUT (AEGR1419P45) entry $2.20*

03/24/13 triggered @ 46.90

Entry on March 24 at $46.90
Average Daily Volume = 1.3 million
Listed on March 22, 2014


Monster Beverage - MNST - close: 68.20 change: +0.31

Stop Loss: 71.10
Target(s): 63.00
Current Option Gain/Loss: -17.6%
Time Frame: exit prior to April expiration
New Positions: see below

Comments:
03/25/14: The early morning gains in MNST faded and shares trimmed their bounce to +0.4%. I don't see any changes from my prior comments. No new positions at this time.

Earlier Comments:
Our target is $63.00 (just above the 200-dma). More conservative traders may want to exit near $65.00, which could be new support. FYI: The Point & Figure chart for MNST is bearish with a $64 target.

- Suggested Positions -

Long APR $65 PUT (MNST1419P65) entry $0.85

03/22/14 new stop @ 71.10
03/20/14 triggered @ 69.00

Entry on March 20 at $69.00
Average Daily Volume = 1.7 million
Listed on March 19, 2014


Target Corp. - TGT - close: 59.06 change: -0.40

Stop Loss: 60.35
Target(s): 55.15
Current Option Gain/Loss: -14.2%
Time Frame: exit PRIOR to April expiration
New Positions: see below

Comments:
03/25/14: TGT underperformed the market today with a -0.6% decline. The company was seeing more bad news today with a U.S. Senate report accusing Target of missing multiple opportunities to stop hackers from a massive security breach in 2013.

The stock fell to new two-week lows but bounced at its simple 50-dma. Our trigger to buy puts was hit at $58.80.

Earlier Comments:
If triggered our short-term target is $55.15 since the $55.00 level has been support in the past. However, more aggressive investors may want to aim lower. The Point & Figure chart for TGT is bearish with a $51 target.

- Suggested Positions -

Long Apr $60 PUT (TGT1419P60) entry $1.68

03/25/14 triggered @ 58.80

Entry on March 25 at $58.80
Average Daily Volume = 6.9 million
Listed on March 22, 2014


Twitter, Inc. - TWTR - close: 47.88 change: -0.89

Stop Loss: 53.55
Target(s): 41.85
Current Option Gain/Loss: +83.3%
Time Frame: 3 to 5 weeks
New Positions: see below

Comments:
03/25/14: TWTR continues to sink and underperformed again with a -1.8% drop on Tuesday. These are new three-month lows. We're adjusting our stop loss down to $53.55. More conservative traders may want to use a lower stop. I am not suggesting new positions.

Earlier Comments:
TWTR currently has 544.7 million shares outstanding. There is a major lock up expiring on May 6th when another 474 million shares will come available for sale by insiders. It seems unlikely that TWTR is going to rally ahead of such a massive lock up expiration.

TWTR can be a volatile stock. Therefore we are suggesting small positions to limit risk.

- Suggested Positions -

Long Apr $50 PUT (TWTR1419P50) entry $1.80

03/25/14 new stop @ 53.55
03/24/14 new stop @ 54.15
03/20/14 new stop @ 55.15
03/18/14 adjust the exit target from $46.50 to $41.85
03/15/14 adjust exit target from $50.25 to $46.50
03/12/14 trade opens at $54.25

Entry on March 12 at $54.25
Average Daily Volume = 11.4 million
Listed on March 11, 2014



CLOSED BULLISH PLAYS

FleetCor Technologies - FLT - close: 117.59 change: -2.88

Stop Loss: 117.75
Target(s): 129.50
Current Option Gain/Loss: Unopened
Time Frame: exit prior to April expiration
New Positions: Yes, see below

Comments:
03/25/14: FLT is not cooperating. Shares broke down under key support today. Our trade has not opened yet. We're removing FLT as a candidate.

Trade did not open.

03/25/14 removed from the newsletter, suggested entry trigger was $121.05

chart:

Entry on March -- at $---.--
Average Daily Volume = 1.0 million
Listed on March 22, 2014