Author Archives: Option

New Directional Call Plays – Health Care REIT, Inc. – HCN

By , October 19th, 2012 | Market News | 0 Comments

HCN is a REIT that focuses on retirement homes and healthcare properties. Shares have a long-term bullish trend of higher lows and higher highs. Investors have been buying dips and that might be due to HCN’s 4.9% dividend yield. Today saw HCN breakout past resistance at $60.00.

— Option

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New Directional Call Plays – SPX Corp. (SPW)

By , October 16th, 2012 | Market News | 0 Comments

SPW is in the industrial goods sector. Traders have been buying the dip. Now the stock is pushing its way through technical resistance at its 150-dma and 200-dma. We want to wait for SPW to succeed on breaking out past these moving averages.

— Option

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New Directional Call Plays – WFM

By , October 9th, 2012 | Market News | 0 Comments

WFM has been showing relative strength. Not only did it breakout past resistance near $100 last week but WFM also hit new record highs. Traders bought the dip this morning and WFM bounced back above the $100 level. We want to take advantage of the intraday rebound.

— Option

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New Directional Call Plays – NBL

By , October 3rd, 2012 | Market News | 0 Comments

NBL is a domestic oil producer with operations around the world. The stock appears to be ending a two-week correction lower. Right now NBL is consolidating sideways in the $91-94 zone.

— Option

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New Directional Call Plays: INFY

By , October 2nd, 2012 | Market News | 0 Comments

INFY is a major outsourcing firm based in India. The stock has recovered off its July lows and shares spent the last couple of weeks in September consolidating under resistance near $49 and its simple 200-dma. Now INFY is breaking out. We want to see confirmation of this move, especially with the $50.00 mark as potential round-number resistance.

— Option

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New Directional Call Plays – CVLT

By , September 20th, 2012 | Market News | 0 Comments

Commvault Sys. – CVLT – close:

Stop Loss: 53.90
Target(s): 59.85
Current Option Gain/Loss: + 0.0%
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
CVLT is a technology and software company. Shares recently broke out to new all-time highs past resistance at the $55 level. Now prior resistance at $55 should be new support. We want to take advantage of this pullback in CVLT and buy calls now. I am suggesting positions at the open tomorrow with a stop loss at $53.90. More nimble traders might want to try and buy calls on a dip closer to the $55.00 mark instead. Our exit target is $59.85. More aggressive traders could aim higher….

— Option

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New Directional Call Plays – MCD

By , September 19th, 2012 | Market News | 0 Comments

Shares of this Dow Jones Industrials component are showing relative strength. I want to warn you now that this is an aggressive, higher-risk trade. MCD is in rally mode and the stock did break through resistance near $92.00 and its 150-dma and 300-dma.

— Option

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New Directional Call Plays: VRTX

By , September 6th, 2012 | Market News | 0 Comments

Thus far shares of VRTX do not seem to be bothered by recent news that the company’s Kalydeco treatment for cystic fibrosis could be generating cataracts in the eyes of its lab rat test subjects.

— Option

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U.S. Futures Flat After EU Downgrade

By , September 4th, 2012 | Market News | 0 Comments

Coming off the heels of the Labor Day holiday weekend, U.S. equity index futures are about flat this morning after an increase in Spanish bond prices.

The move in Spain occurred after Moody’s downgraded the European Union’s outlook despite renewed talk of monetary-policy easing at the U.S. Fed’s Jackson Hole summit last week.

S&P 500 futures are down 1.25 points, or 0.07 percent, to 1404 after trading as high as 1409.50 overnight. Nasdaq 100 contracts are lower by 1.25 points, or 0.05 percent, to 2769.75 as of this writing.

European indexes are in negative territory, led lower by the FTSE 100, which is off by 1.01 percent. The German DAX is down 0.42 percent, and the Euro STOXX 50 is off 0.15 percent….

— Option

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New Directional Call Plays – MDVN

By , August 30th, 2012 | Market News | 0 Comments

MDVN is a biotech stock that is only a few points from its all-time high. Shares have been channeling higher with traders buying dips at the 50-dma pretty consistently. Yesterday, after the closing bell, MDVN announced a 2-for-1 stock split scheduled for September 24th.

— Option

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