Editor's Note:

The stock market took a day off to catch its breath after the S&P 500 index rallied six days in a row. Losses in the major indices on Monday were very mild.

CVS was closed this morning.

We want to exit our EXPE trade tomorrow morning.

MLM and SAVE both hit our entry triggers.

UPS hit our new stop loss.


Current Portfolio:


CALL Play Updates

Ameriprise Financial - AMP - close: 119.38 change: +0.24

Stop Loss: 114.40
Target(s): To Be Determined
Current Option Gain/Loss: + 8.3%
Time Frame: 8 to 12 weeks
New Positions: see below

Comments:
06/23/14: AMP quietly consolidating sideways near $119.00 on Monday. Considering the pullback in the market today traders might want to wait to see that both AMP and the S&P 500 are positive on Tuesday morning before initiating new positions.

Earlier Comments: June 18, 2014:
AMP is in the financial sector. The company, and its subsidiaries, provides a range of financial products including advice and wealth management. The company had a record year in 2013 and it looks like the momentum has continued into 2014. The company' last earnings report was its Q1 results, reported on April 28th. Wall Street was expecting a profit of $1.88 per share on revenues of $2.84 billion. AMP delivered $2.04 with revenues rising +11% to $3 billion.

AMP's Q1 results were a +19% improvement from a year ago. Furthermore both revenues and margins are improving. AMP raised its dividend 12 percent to 58 cents (currently at a 2.0% yield) and announced a $2.5 billion stock buy back program.

Technically shares of AMP are in a long-term up trend and just recently broke out from a five-month consolidation. Traders have already jumped in to buy the dip at prior resistance near $115.00.

- Suggested Positions -

Long Sep $120 call (AMP140920c120) entry $3.60

06/20/14 triggered @ 118.80
Option Format: symbol-year-month-day-call-strike

Entry on June 20 at $118.80
Average Daily Volume = 823 thousand
Listed on June 18, 2014


Anadarko Petroleum - APC - close: 111.10 change: -0.45

Stop Loss: 99.90
Target(s): To Be Determined
Current Option Gain/Loss: + 73.9%
Time Frame: 8 to 12 weeks
New Positions: see below

Comments:
06/23/14: APC retreated from the $112 level this morning but traders still bought the dip midday. Investors may want to start raising their stop loss.

Earlier Comments: June 10, 2014:
APC is in the basic materials sector. The company is a very active oil and natural gas producer. They have assets in the Rocky Mountains, the Southern U.S., the Gulf of Mexico, and Alaska. Plus, APC is active internationally with assets in Algeria, Brazil, China, Colombia, Ghana, Liberia, Mozambique, New Zealand, Sierra Leone, and South Africa. Altogether APC has a strong onshore and off-shore portfolio.

The company's latest earnings report on May 5th was better than expected. Wall Street was expecting $1.14 per share. APC delivered $1.26. APC said they set record volumes in the quarter at 819,000 barrels of oil equivalent (BOE) per day. Management went on to raise their full-year sales-volume. A week later they increased their dividend by 50% from 18 cents to 27 cents per share.

APC could end up a big liquefied natural gas (LNG) producer with their assets in Mozambique (Southeast Africa). Last year APC drilled two natural gas off-shore wells. This year they could drill up to eight new wells. The company recently upgraded their view on how much recoverable gas in their northern Mozambique assets to 50 trillion to 70 trillion cubic feet. APC is developing an LNG project and plan to deliver their first LNG cargo in 2018.

One of the biggest headlines for APC has been its settlement over the TROX litigation. This refers to a large lawsuit over the bankrupt Tronox company, which was spun-off from APC's Kerr-McGee division. Previously the estimated penalty range for this TROX lawsuit was in the $5.15 billion to $14.17 billion with many analysts estimating the final results would probably be around $10 billion. On April 3rd this year APC reported they would settle this for $5.15 billion, the very low end of the range and the stock exploded higher. Getting past this TROX liability has removed a very dark cloud for the company and the stock price.

It is worth noting that APC still has potential legal risk from the April 2010 Macondo well blow out. BP Plc was the operator and majority owner of the well but APC did own 25% of it. The U.S. judges are arguing that APC will be held responsible for its 25% of the penalties. The final numbers could be huge. The U.S. Clean Water Act allows the government to fine the companies $1,100 per barrel of oil spilled into the Gulf. Plus, they could add another $4,300 penalty per barrel for gross negligence. Right now BP is arguing with the courts over how much oil was spilled. The U.S. is claiming 4.2 million barrels of oil escaped into the Gulf of Mexico. BP estimates only 2.45 million barrels. APC management has suggested they may not be fined for any gross negligence penalties since they did not have any direct operational involvement. The penalty phase for this lawsuit is scheduled for January 2015. This issue is clearly not stopping the rally in shares of APC today.

Technically shares of APC have been consolidating sideways under resistance near $105 with a bullish trend of higher lows. Now the stock is on the verge of breaking out.

- Suggested Positions -

Long NOV $110 call (APC141122C110) entry $4.80*

06/11/14 APC hit our trigger at $105.25
rumors this morning that XOM might buy APC.
*option entry price is an estimate since the option did not trade at the time our play was opened.
Option Format: symbol-year-month-day-call-strike

Entry on June 11 at $105.25
Average Daily Volume = 2.8 million
Listed on June 10, 2014


Capital One Financial - COF - close: 83.49 change: +0.06

Stop Loss: 74.95
Target(s): To Be Determined
Current Option Gain/Loss: +102.0%
Time Frame: 8 to 12 weeks
New Positions: see below

Comments:
06/23/14: COF bounced off its morning lows but shares closed essentially unchanged on the session.

I am not suggesting new positions at this time.

Earlier Comments:
COF is in the financial sector. The company provides financial services and products in the United States, United Kingdom and Canada. They're probably best known for the Capital One credit cards.

The financial sector took a leadership role in today's widespread market rally. The group has been lagging the big cap indices the last few weeks. If financials resume their up trend it's going to be a rising tide that helps lift shares of COF to new highs.

Financials should also benefit from the big picture view that interest rates will rise. Some of the federal reserve governors have been hinting that the Fed may have to raise rates sooner than expected. If rates do start rising then investors could start buying financials ahead of this trend.

Credit card companies are also showing strength in their loan quality. COF said their charge off rates have been dropping (losses from unpaid loans).

Technically shares of COF have a long-term bullish trend of higher lows and it's about to breakout past resistance and hit new multi-year highs. The point & figure chart is already bullish and suggesting an $83 target.

- Suggested Positions -

Long Sep $80 call (COF140920C80) entry $2.30*

05/28/14 triggered @ 78.75
*option entry price is an estimate since the option did not trade at the time our play was opened.
Option Format: symbol-year-month-day-call-strike

Entry on May 28 at $78.75
Average Daily Volume = 3.0 million
Listed on May 27, 2014


Demandware, Inc. - DWRE - close: 68.47 change: +0.19

Stop Loss: 59.85
Target(s): To Be Determined
Current Option Gain/Loss: - 0.0%
Time Frame: 8 to 12 weeks
New Positions: see below

Comments:
06/23/14: Monday was another quiet session for DWRE with shares drifting sideways. The $70.00 level could be overhead resistance.

Earlier Comments: June 17, 2014:
DWRE provides cloud-based digital commerce solutions. They first introduced their platform in 2004. According to DWRE's website they "power more than 200 retail brands across more than 800 sites around the globe."

The stock was hammered lower this spring as investors sold everything that might be considered high-growth or a momentum-stock. DWRE corrected from $80 to $45 but shares have since rebounded.

Earnings have been strong. The company reported Q4 numbers in February that beat estimates and DWRE management raised their Q1 and 2014 guidance. DWRE reported their Q1 numbers on May 6th. Wall Street was expecting a loss of 9 cents per share on revenues of $29.0 million. DWRE delivered a loss of 7 cents. Revenues were up +57% to $32.2 million. DWRE's CEO said their momentum from 2013 carried over into 2014. The first quarter this year saw record subscription revenues.

Technically shares of DWRE have broken through resistance in the $60-65 zone and all of its major moving averages. The stock also has short interest that is about 8.5% of the small 31.8 million share float. New relative highs could spark more short covering. Currently the point & figure chart is bullish and suggesting a long-term target of $99.00.

I would consider a more aggressive, higher-risk trade. DWRE can be volatile and the options are not cheap. I'm suggesting small positions to limit our risk.

*small positions* - Suggested Positions -

Long Oct $70 call (DWRE141018c70) entry $6.92

06/18/14 triggered @ 66.75
Option Format: symbol-year-month-day-call-strike

Entry on June 18 at $66.75
Average Daily Volume = 705 thousand
Listed on June 14, 2014


Expedia Inc. - EXPE - close: 77.83 change: -0.49

Stop Loss: 71.45
Target(s): To Be Determined
Current Option Gain/Loss: +15.6%
Time Frame: 8 to 12 weeks
New Positions: see below

Comments:
06/23/14: Warning! The recent action in EXPE is worrisome. The big rally early last week was great but EXPE reversed on Thursday. The stock underperformed the broader market today.

We are longer-term bullish on EXPE but short-term the stock might correct lower. Therefore we are suggesting an immediate exit tomorrow morning. We'll consider jumping back into EXPE after it corrects toward the $75 area.

Earlier Comments: June 9, 2014:
EXPE is in the services sector. The company is in the super competitive online travel industry with rivals like Priceline.com (PCLN) and Orbitz Worldwide (OWW).

EXPE is developing a trend of beating analysts' estimates with strong profit and revenue growth. This past quarter EXPE reported revenues of $1.2 billion. That is the fifth quarter in a row that EXPE has delivered double-digit year over year revenue growth. The company has also seen surging growth in its bookings. Q3 2014 saw 15% bookings growth. Q4 2014 was +21%. Q1 2014 was +29%.

Analyst firm Cantor Fitzgerald recently offered bullish comments on EXPE and raised their price target. The company is having success with its Expedia Traveler Preference program. In Q3 2013 there were about 35,000 hotels in the program. By Q1 2014 that has grown to 51,000 hotels. As more hotels join it will boost EXPE's room nights metric and sales.

Billionaire hedge fund manager David Tepper's Appaloosa Management is also bullish on EXPE. The latest 13F filing showed that Appaloosa had initiated a new stake in EXPE in the first quarter of 2014.

Bears could argue that EXPE, PCLN and OWW could face competition from companies like Google and Facebook as they seek to boost their ad revenues to their large audiences. Reuters has reported that Google is experimenting with some programs with a few hotels. This threat is probably a few years away and could eventually make EXPE as potential takeover target.

Technically EXPE experienced a correction from $81 to $67 earlier this year. The stock found support in the $67 area and just recently EXPE has broken out past some key resistance.

At the moment shares of EXPE are flirting with a breakout past potential round-number resistance at the $75.00 mark. The Point & Figure chart is bullish and forecasting at $90.00 target. I do expect the $80.00 area to offer some overhead resistance. We will choose a target later as the play progresses.

- Suggested Positions -

Long Oct $80 call (EXPE141018C80) entry $4.15*

06/23/14 prepare to exit tomorrow morning.
06/11/14 triggered @ 75.75
*option entry price is an estimate since the option did not trade at the time our play was opened.
Option Format: symbol-year-month-day-call-strike

Entry on June 11 at $75.75
Average Daily Volume = 1.6 million
Listed on June 09, 2014


Hanesbrands Inc. - HBI - close: 88.20 change: +0.00

Stop Loss: 81.75
Target(s): To Be Determined
Current Option Gain/Loss: +15.6%
Time Frame: 8 to 12 weeks
New Positions: see below

Comments:
06/23/14: HBI is hovering near its highs. Shares closed unchanged on Monday. I don't see any changes from my earlier comments. I'm not suggesting new positions at this time.

Earlier Comments:
HBI is in the consumer goods sector. The company designs and manufacturers apparel. You wouldn't normally think of basic apparel maker as a momentum stock but HBI has been outperforming. Shares just ended the week at a new all-time high.

The company has delivered on its earnings results. When HBI last reported in January and April this year the company beat Wall Street's estimates both times and raised their guidance both times.

Think about that. HBI is not a retailer but their products are sold through retailers. Most of retail got hammered in the first quarter due to lousy winter weather. Yet HBI managed to beat estimates and then raised its guidance.

Jim Cramer has pointed out what many analysts are saying on the company. HBI has strong brand names like Hanes, Champion, Playtex, and Bali. HBI owns most of their supply chain, which allows them to keep and improve their strong margins. Their first quarter saw margins increase 180 points. Most of Wall Street is bullish on HBI's recent acquisition of Maidenform. HBI believes they can generate significant margin improvement in the Maidenform brand by 2016.

The Point & Figure chart for HBI is bullish with a $92 target.

- Suggested Positions -

Long Oct $90 call (HBI141018C90) entry $2.94

06/04/14 triggered @ 85.25
Option Format: symbol-year-month-day-call-strike

Entry on June 04 at $85.25
Average Daily Volume = 690 thousand
Listed on May 31, 2014


Martin Marietta Materials - MLM - close: 133.81 change: -1.10

Stop Loss: 129.75
Target(s): To Be Determined
Current Option Gain/Loss: -16.9%
Time Frame: 8 to 12 weeks
New Positions: see below

Comments:
06/23/14: Monday was a frustrating session for the bulls. MLM pushed past resistance near $135.00 and hit new multi-year highs before erasing all of its gains and closing down -0.8%.

Our suggested entry point to buy calls would have been hit at $135.25 but MLM actually gapped open higher at $135.97 before dipping back to $135.00, just before its morning advance toward its lunchtime highs.

Our trade is open but investors might want to wait for a dip or a bounce from the 10-dma now (near $131.85) before initiating new positions.

FYI: In the news this morning MLM did announce they planned to enter an agreement with the U.S. DoJ about its planned acquisition of TXI but it probably means MLM may have to sell some assets.

Earlier Comments: June 21, 2014:
96 percent of all paved roads in the United States are covered in asphalt. The material is a combination of asphalt oil, sand, and gravel. A lot of those materials come from MLM. The company also supplies stone, sand, gravel and concrete. They have over 300 quarries and distribution centers. They plan on growing as MLM is currently in the process of acquiring Texas Industries (symbol: TXI), which will immediately give MLM a strong presence n California and boost its cement business.

The U.S. economy has been struggling to maintain a +2% growth rate but the outlook seems to be improving. As the U.S. grows it's going to see improvement in the residential and non-residential construction. MLM expects sales to the residential market to grow at more than 10% in 2014.

MLM management has noted that historically low mortgage rates and slowly improving employment trends has been a boost for the residential construction market. Annual housing starts are expected to come in at more than one million homes for the first time since 2007.

Meanwhile non-residential is expected to grow in the high-single digits this year. The sector is seeing stronger fundamentals thanks to rising rents and occupancy rates. Rising property values has helped boost commercial real estate lending and that fuels construction.

MLM is also a major player in materials for roads and highways. Government contracts for highway construction and repair were up +14% for the year through last December. This year both the democrats and the republicans have voiced support for a new highway bill, which could mean more business for MLM.

Margins are improving. MLM said their prior quarter saw margins on its aggregates business improve 400 basis points. MLM plans to raise prices by 3% to 5% this year while production costs are expected to decline. That should further boost MLM's margins.

Investors should be aware that the U.S. Department of Justice is looking into MLM's acquisition of TXI but management does not expect any issues. They're suggesting it's just a review but if the DOJ were to block the deal it could rattle the stock.

Technically shares of MLM have been showing relative strength. The stock recently broke out past significant resistance near $130 and closed the week at multi-year highs. If this strength continues MLM could see more short covering. The most recent data listed short interest at 22% of the relatively small 46 million-share float.

- Suggested Positions -

Long Oct $140 call (MLM141018C140) entry $6.50*

06/23/14 triggered on gap higher at $135.97, suggested entry point was $135.25
*option entry price is an estimate since the option did not trade at the time our play was opened.
Option Format: symbol-year-month-day-call-strike

Entry on June 23 at $135.97
Average Daily Volume = 419 thousand
Listed on June 21, 2014


PPG Industries - PPG - close: 204.37 change: -0.20

Stop Loss: 200.75
Target(s): To Be Determined
Current Option Gain/Loss: - 1.3%
Time Frame: 8 to 10 weeks
New Positions: see below

Comments:
06/23/14: PPG spent most of Monday bouncing along the $204.00 level. Investors looking for a new entry point may want to wait for a rally past short-term resistance at $206.00.

Earlier Comments:
Big cap industrial names have been leading the market higher. PPG is one of them. The company is in the basic materials sector. PPG manufacturers coatings, specialty materials, and glass products.

PPG has developed a strong trend of beating Wall Street's earnings estimates. They just did it again when they reported earnings on April 17th with EPS coming in 10 cents above estimates. Revenues were up +17% year over year to $3.64 billion. Earnings were up +33% from a year ago at $1.98 per share. The company is also seeing margin improvement.

Last month PPG's management announced a $2 billion stock buyback program and raised their dividend by +10% to $0.61 per share. PPG's CEO said that his company saw volumes improve in Europe for the first time in ten quarters. The tough winter in the U.S. did not hurt them. Thus far PPG has been able to pass along small price increases to offset rising commodity costs.

Technically the stock is in a long-term up trend. Shares have spent the last three months consolidating below the $200 level. Now the bullish pattern of higher lows is about to push PPG through major resistance near $200-201.

The Point & Figure chart is bullish and forecasting at $222.00 target.

- Suggested Positions -

Long Aug $210 call (PPG140816C210) entry $3.65*

06/19/14 new stop @ 200.75
05/30/14 triggered @ 202.00
*option entry price is an estimate since the option did not trade at the time our play was opened.
Option Format: symbol-year-month-day-call-strike

Entry on May 30 at $202.00
Average Daily Volume = 552 thousand
Listed on May 29, 2014


Spirit Airlines - SAVE - close: 63.50 change: -0.30

Stop Loss: 61.90
Target(s): To Be Determined
Current Option Gain/Loss: -14.6%
Time Frame: 8 to 12 weeks
New Positions: see below

Comments:
06/23/14: Our new play in SAVE is open but shares are not performing quite as we had hoped. The stock spiked to a new all-time high this morning, hit our suggested entry point at $64.75, and then reversed lower. It would appear that the $65.00 level could be round-number resistance.

Overall I don't see any changes from my earlier comments. Traders may want to wait for a little more relative strength before initiating new positions.

Earlier Comments: June 21, 2014:
Have you looked at the airline stocks lately? The XAL airline index is hitting levels not seen since early 2002. The strength in the airlines has been a strong undercurrent for the transportation industry. SAVE is doing its part with new all-time highs on Friday.

SAVE is in the low-fare airline category. They currently offer about 250 daily flights to 50 destinations in the United States, Caribbean, and Latin America. While business is good the company has struggled with its reputation. They may be in the ultra-low fare business but they make up for it with lots of add on fees. Last year SAVE had the highest number of complaints per passenger than any other U.S. airline. They're hoping to change that. Last month SAVE launched a new brand overhaul program to better inform their customers about who they are and what to expect.

The company has been doing well in spite of the customer complaints. SAVE is developing a trend of beating Wall Street's earnings estimates. The company recently released its traffic numbers for May and revenue passenger miles were up +18.7% versus May 2013. SAVE's CEO Ben Baldanza echoed this growth in a recent interview where he said his company was on track to grow 18 percent in 2014 and 30 percent in 2015.

Wall Street certainly likes the stock. SAVE got a lot of positive comments and upgrades in April after their most recent earnings report. Analysts are upbeat on SAVE's Q2 and Q3 potential. They are expecting strong earnings and margin growth. SAVE will also grow after they add 24 new planes over the next 18 months.

Jim Cramer had some bullish things to say about SAVE. Cramer credits SAVE's efficiency to boost its ultra-low fare model. According to Cramer, "The company has 55 planes at the moment, but they use those planes more efficiently than the competition, keeping them in the air for 13 hours a day, whereas a Jet Blue only flies its planes for 12 hours a day, and at Southwest that number is less than 11 hours. Also, the company outfits its planes with more seats than the competition, too. On a Spirit Airbus A320 there are 178 seats, versus just 150 seats for Jet Blue on the same model of airplane. True, there's less legroom on a Spirit Airlines flight, however, the revenue potential per flight is greater."

This month the airline stocks did see some turbulence after a major German airline issued a profit warning but the details around the German company do not affect SAVE's business. What could affect SAVE is rising fuel prices. The violence in Iraq has boosted the price of oil and that affects jet fuel prices. Yet so far SAVE and the rest of the airline group have managed to shrug off the high price of oil.

More conservative investors may want to wait for a rise past $65.00 before initiating positions.

- Suggested Positions -

Long Sep $65 call (SAVE140920C65) entry $4.10*

06/23/14 triggered @ 64.75
*option entry price is an estimate since the option did not trade at the time our play was opened.
Option Format: symbol-year-month-day-call-strike

Entry on June 23 at $64.75
Average Daily Volume = 898 thousand
Listed on June 21, 2014


Starbucks Corp. - SBUX - close: 76.73 change: +0.13

Stop Loss: 71.75
Target(s): To Be Determined
Current Option Gain/Loss: + 8.4%
Time Frame: 8 to 12 weeks
New Positions: see below

Comments:
06/23/14: SBUX rebounded from its intraday lows to close back in positive territory. I am not suggesting new positions at the moment.

Earlier Comments: June 14, 2014:
The twin-tailed siren of Stabucks could be ready to sing for investors again. The company is named after the first mate in Herman Melville's Moby Dick. According to company literature their mission is "to inspire and nurture the human spirit - one person, one cup and one neighborhood at a time."

Notice it didn't say one cup of coffee at a time. Make no mistake. Coffee is big business. According to Business Insider coffee is worth about $100 billion globally and planet earth drinks about 500 billion cups of coffee every year. Quite a few of those cups are consumed at Starbucks' ubiquitous coffee chain, which now has over 10,000 company-run stores and over 9,500 licensed stores.

Believe it or not but tea is a bigger market. Tea producers churn out more than 4 billion kilograms of tea every year. Tea is the second-most consumed beverage behind water. Several months ago SBUX purchased the Teavana chain for $620 million. Now they're planning to update and expand the brand into 1,000 tea bars in the next five years.

SBUX recently said that food remains a big opportunity and currently food sales are only 22% of its U.S. business. SBUX purchased the French bakery chain "La Boulange" in 2012 and they've started distributing some of the bakery's products in more than 6,000 Starbucks stores. These should reach all of their coffee stores by the end of this year. They're also testing lunch items and testing alcohol sales in certain states. That means Malbec wines and bacon-wrapped dates could be available at a Starbucks store near you soon. The company said that adding food items has increased purchases and boosting ticket growth.

This past week SBUX said they're going to roll out wireless charging mats for smartphones in some of their stores soon.

Put it altogether and the company has big plans. Their latest earnings report in late April was mixed. Profits were in-line with estimates but revenues were a miss although same-store sales came in above expectations. SBUX management raised their Q4 guidance and 2014 guidance following its results.

- Suggested Positions -

Long OCT $80 call (SBUX141018c80) entry $1.66

06/17/14: triggered @ 75.65
Option Format: symbol-year-month-day-call-strike

Entry on June 17 at $75.65
Average Daily Volume = 3.5 million
Listed on June 14, 2014


U.S. Silica Holdings - SLCA - close: 53.61 change: +1.40

Stop Loss: 48.40
Target(s): To Be Determined
Current Option Gain/Loss: +14.2%
Time Frame: 8 to 12 weeks
New Positions: see below

Comments:
06/23/14: SLCA erased Friday's decline with a +1.40 bounce. The trend of higher lows remains intact. Investors could buy this bounce or if you're worried about resistance near $55.00, then wait for a breakout.

Earlier Comments: June 14, 2014:
There is a new gold rush going on for sand! America's shale oil and gas boom has created another boom for sand producers. Energy companies use hydraulic fracking to mine oil and gas out of tight shale formations. This fracking technique blasts millions of gallons of water at high pressure into shale rock where the oil and gas is trapped. These wells can cost between $4 million and $12 million each. In order to maximize their returns drillers use proppants to help "prop" open these minute cracks in the shale rock to help the oil and gas escape to the surface.

The cheapest and one of the most effective proppants has been fine sand. SLCA has been providing sand for industrial use for over 100 years. The company currently has 297 million tons in reserve. Oil and gas industry demand for proppants is expected to rise +30% between 2013 and 2016. That might be underestimated. The energy industry consumed 56.3 billion pounds of sand for fracking in 2013. That's up 25% from 2011.

According to SLCA they saw a +45% increase in demand for their sand. SLCA's CEO reported that some hydraulic fracking wells have doubled their use of sand from 2,500 tons per well to 5,000 tons. There are some wells using up to 8,000 tons.

Demand has been so strong that SLCA is actually sold out of some grades of sand and they're raising prices (about +20%) on non-contracted silica. SLCA believes demand for their products will rise another 25% this year alone.

Wall Street has taken notice of the dynamics of the sand industry and shares of SLCA have soared from their February 2014 lows. It may not be a coincidence that the stock was added to the S&P 600 smallcap index in February this year.

We are not setting an exit target tonight but Point & Figure chart for SLCA is bullish with a $69 target.

- Suggested Positions -

Long Sep $55 call (SLCA140920C55) entry $3.15*

06/17/14 triggered @ 52.15
*option entry price is an estimate since the option did not trade at the time our play was opened.
Option Format: symbol-year-month-day-call-strike

Entry on June 17 at $52.15
Average Daily Volume = 1.2 million
Listed on June 14, 2014




PUT Play Updates

Currently we do not have any active put trades.



CLOSED BULLISH PLAYS

CVS Caremark Corp. - CVS - close: 76.32 change: -0.47

Stop Loss: 74.65
Target(s): to be determined
Current Option Gain/Loss: -42.3%
Time Frame: 8 to 12 weeks
New Positions: see below

Comments:
06/23/14: We were worried about CVS' recent performance and decided in the weekend newsletter to exit on Monday morning. Shares opened at $76.77 before underperforming the market with a -0.6% decline on Monday.

- Suggested Positions -

Aug $80 call (CVS140816C80) entry $1.04 exit $0.60 (-42.3%)

06/23/14 planned exit
06/21/14 prepare to exit on Monday morning, June 23rd.
05/22/14 triggered @ 77.25
option format: symbol-year-month-day-call-strike

chart:

Entry on May 22 at $77.25
Average Daily Volume = 5.1 million
Listed on May 21, 2014


United Parcel Service - UPS - close: 102.46 change: -0.04

Stop Loss: 101.75
Target(s): to be determined
Current Option Gain/Loss: + 26.2%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
06/23/14: UPS only lost four cents for Monday's session. Unfortunately the stock saw a another intraday swoon. Shares dipped to $101.64 and then bounced back toward unchanged. Our new stop loss was hit at $101.75.

- Suggested Positions -

Jul $100 call (UPS140719C100)* entry $1.98 exit $2.50 (+26.2%)

06/23/14 stopped out
06/21/14 new stop loss @ 101.75
05/29/14 more conservative investors may want to start taking profits now or as UPS gets closer to potential resistance at the $105 level.
05/12/14 triggered @ 100.25
*I've provided the more standardized option symbol format.
symbol-year-month-day-call-strike

chart:

Entry on May 12 at $100.25
Average Daily Volume = 2.9 million
Listed on May 10, 2014