Editor's Note:

An upward revision in the U.S. Q4 GDP estimate failed to lift the equity market on Thursday.

AGN hit our entry trigger.


Current Portfolio:


CALL Play Updates

ASML Holdings - ASML - close: 91.97 change: -0.31

Stop Loss: 89.75
Target(s): 99.50
Current Option Gain/Loss: -28.9%
Time Frame: exit prior to earnings on April 16th
New Positions: see below

Comments:
03/27/14: The stock market continues to sink and ASML dipped toward the $92 level. Shares spent the rest of the day hugging $92. I am not suggesting new positions at this time.

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: 83.68 change: +0.20

Stop Loss: 81.30
Target(s): 94.75
Current Option Gain/Loss: -51.7%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/27/14: CBI saw some volatility this morning. Shares spiked down to $82.21 and then bounced more than $2.50 before fading lower again. CBI has some support in the $81.50 area, which is why our stop is at $81.30 but readers may want to raise their stop closer to $82.00.

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

03/26/14 new stop @ 81.30
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: 74.13 change: -1.17

Stop Loss: 73.45
Target(s): 79.75
Current Option Gain/Loss: -35.4%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/27/14: Yesterday's afternoon decline continued for the first half of trading today. CVS found support near $74.00 and spent the rest of the session drifting sideways. More conservative traders could move their stops closer to $74.00. Today's low was $74.01.

- Suggested Positions -

Long May $75 call (CVS1417E75) entry $2.23

03/26/14 triggered on gap higher at $75.78, suggested trigger was $75.10

Entry on March 26 at $75.78
Average Daily Volume = 5.4 million
Listed on March 24, 2014


Lockheed Martin - LMT - close: 158.88 change: -0.76

Stop Loss: 156.95
Target(s): to be determined
Current Option Gain/Loss: Apr$160c: -34.3% & Jun$165c: -19.1%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/27/14: Bloomberg reported earlier today that the U.S. State Department had halted all defense-related exports to Russia. Companies like LMT, Boeing (BA), BAE Systems (BAESY), General Dynamics (GD), Northrop Grumman (NOC), Raytheon (RTN), and United Technologies (UTX) could be affected by this decision.

Shares of LMT dipped to technical support at its simple 50-dma (near $158) this morning. I am not suggesting new positions at this time.

- 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


3M Company - MMM - close: 132.84 change: -0.25

Stop Loss: 131.40
Target(s): to be determined.
Current Option Gain/Loss: -38.9%
Time Frame: Exit PRIOR to earnings on April 24th
New Positions: Yes, see below

Comments:
03/27/14: MMM dipped to short-term support near $132.00 and its 50-dma before bouncing. The stock managed to pare its loss to just 25 cents. I would hesitate to launch new bullish positions.

- Suggested Positions -

Long May $135 call (MMM1417E135) entry $2.95*

03/26/14 triggered @ 134.66, suggested entry was $134.65
*option entry price is an estimate since the option did not trade at the time our play was opened.

Entry on March 26 at $134.65
Average Daily Volume = 3.0 million
Listed on March 25, 2014


Cimarex Energy Co. - XEC - close: 116.72 change: +1.98

Stop Loss: 113.75
Target(s): 128.50
Current Option Gain/Loss: Apr$120c: -39.8% & Jun$125c: -22.2%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/27/14: XEC produced a nice bounce (+1.7%) with traders buying the dips most of the afternoon. I am raising our stop loss to $113.75.

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.

- Suggested Positions -

Long APR $120 call (XEC1419D120) entry $3.49

- or -

Long JUN $125 call (XEC1421F125) entry $5.40

03/27/14 new stop @ 113.75
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: 43.65 change: -1.36

Stop Loss: 48.25
Target(s): 40.25
Current Option Gain/Loss: +81.8%
Time Frame: exit PRIOR to April expiration
New Positions: see below

Comments:
03/27/14: Good news! AEGR continues to show relative weakness with a -3.0% decline today. The stock also closed below potential support at the $45.00 level. We are moving our stop loss down to $48.25. 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*

03/27/14 new stop @ 48.25
03/24/13 triggered @ 46.90

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


Allergan Inc. - AGN - close: 120.53 change: -1.81

Stop Loss: 125.20
Target(s): 116.20
Current Option Gain/Loss: + 0.0%
Time Frame: exit PRIOR to April expiration
New Positions: see below

Comments:
03/27/14: Our brand new trade on AGN is open. The plan was to buy puts at $121.90. AGN gapped down at $121.91 and then dropped to potential support at the $120 level.

- Suggested Positions -

Long Apr $120 PUT (AGN1419P120) entry $3.60

03/27/14 triggered @ 121.90

Entry on March 27 at $121.90
Average Daily Volume = 2.5 million
Listed on March 26, 2014


Monster Beverage - MNST - close: 68.56 change: +0.38

Stop Loss: 70.10
Target(s): 63.00
Current Option Gain/Loss: -41.1%
Time Frame: exit prior to April expiration
New Positions: see below

Comments:
03/27/14: I am growing concerned with our MNST trade. The intermediate trend is bearish but the last few days MNST has been moving sideways while the broader market declines. Has the stock found new support?

I am not suggesting new positions. We will adjust our stop loss down to $70.10.

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

03/27/14 new stop @ 70.10
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: 59.74 change: +0.54

Stop Loss: 60.20
Target(s): 55.15
Current Option Gain/Loss: -36.3%
Time Frame: exit PRIOR to April expiration
New Positions: see below

Comments:
03/27/14: I am also growing concerned with our TGT trade. There was a story out this morning in the Wall Street Journal that said the fraud seen from the Target data breech has been a lot smaller than expected. That might mean TGT's liability will be lower than estimated. The stock bounced. Shares did reverse near resistance in the $60 area but TGT did close up on the day. Relative strength in one of our bearish candidates is not a good sign.

More conservative traders will want to seriously consider an early exit now. Today's intraday high was $60.14. I am adjusting our stop down to $60.20.

- Suggested Positions -

Long Apr $60 PUT (TGT1419P60) entry $1.68

03/27/14 new stop @ 60.20
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: 46.32 change: +1.89

Stop Loss: 47.35
Target(s): 41.85
Current Option Gain/Loss: +161.1%
Time Frame: 3 to 5 weeks
New Positions: see below

Comments:
03/27/14: We warned readers last night that TWTR could bounce today. Shares saw an early morning spike down to $43.31 and then rebounded. The stock spent the rest of the session on either side of the $46.00 level with resistance near $46.40. More conservative traders may want to take profits now.

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

03/26/14 new stop @ 47.35
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