Play Recommendations:

Lotto Weekly Options:

Calls: 650 (Pending)

Sep Options:

Over 200 M/A

Oct: 625 C (Closed)

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Under 200 MA

Oct 600 Put

(pending)

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9/27/12 - Testing that pesky 200MA again and that will make it harder to move back up to a full gap fill. If the markets fail then this could be a drive back to test the bottom of the gap at $570.00

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9/25/12 - PCLN is a strong stock! Markets are selling off and this bad boy just hit cruising altitude? Not exactly liking the chart and if the market does not shake off today's reversal, PCLN certainly could trend lower. The gap down from last earnings has now been retraced over 55% so this stock now has to continue to hold the 200MA on the daily chart. If the stock does move lower tomorrow, I will pick up some puts

9/19/12 - So long as PCLN hold above the 200MA on a daily chart, I will remain bullish. Any turn for the worse in the markets, this stock will no doubt slip in price too. This stock has been hard for me to play with short-term options, so I am just going to focus on the Lotto plays for now and will look at the puts tomorrow since I have a call play going.

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9/14/12 - The heat is on and its looking like PCLN wants to buy one of its own tickets to fly back through the massive gap down it took from the last earnings report. With the markets getting into a bull rally mode, PCLN will just continue to rise with the tide; however, it was severely beat down, so that created a lot of pain for many investors; and any rise to a gap fill will most likely result in pull back to test the resolve of this stock.

The volume was strong on the Sep 625 Calls which moved up nicely and so did the volume.

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9/13/12 -  Today was a decent day in the stock but not a real winner in my opinion. With all the markets making big moves off the Fed meeting, I would have expected PCLN to bust out over the 55% retracement and close over $630.00. I am still hopeful it will finish the week strong, but this price area is pivotal and the weekly chart definitely shows it—If the markets continue to rise, PCLN should too.

The weekly $650 are not looking too promising but we will see what we get.

The Sept. options today show a lot of activity at $625.00 and the charts confirm it as resistance.

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9/12/12 - PCLN is an interesting stock to trade. It has all the action an option trader can look for; and all the anxiety that goes with it. If you trade this bad boy, then you have to just buy and see what happens because the swings from day to day can give you an ulcer; however, what I do like to do with this stock is shoot for the Lotto plays on Wed and Thursdays.

I have been primarily looking for a short under the 200MA, but I am quickly giving up on that and going for a small call position to test the waters because the recent rise is only a retracement to just under the 55% price at $624 with average volume.

If the stock does close back under the 200MA then I will get my short on too.

When buying regular calls you should not go further OTM than 2 - 3 strikes because this stock tends to move around $20-30 when it gets going and you need to be ITM to assure you get a profit going.

When buying weekly, we want our strike prices to be inside of an 8-10% move in the stock.