Possible Option Plays for Select Bullish Stocks

by: Option Maestro

Here is a fresh list of stocks I will be keeping my eye on as of April 23, 2009. These are the current highest bull/bear rated stocks my screener has returned. To get a detailed definition of the bull/bear components check my Bull/Bear Ratio Defined Blog post by clicking here.

Jefferies Group, Inc. JEF (13:0)
MedAssets, Inc. MDAS (13:0)
DNuVasive, Inc. NUVA (14:1)
IMAX Corporation IMAX (12:0)
Monarch Casino & Resort, Inc. MCRI (13:1)

These are the top stocks and have not received as bullish ratings in the past few weeks. This could indicate many stocks have been overbought, which could mean a light pullback before we head any higher. I would use extreme caution if planning to purchase any of these stocks and would do some extensive research before I jumped in any of them. These will certainly be on my watch list the next few trading days. I'll wait for a 7-10% pull back to purchase any of them and set a tight stop loss if I happen to purchase any of them. If I purchase any of them, I will be selling into strength.

Current Bull/Bear Ratings for many of the stocks I blog about frequently:

Visa V (10:1)
Caterpillar CAT (9:1)
Research in Motion RIMM (9:2)
Palm PALM (8:2)
Google GOOG (8:3)
Bank of America BAC (7:3)
Sirius Satellite Radio SIRI (6:7)

**Note** In my original blog post which can be viewed by clicking here, when ratios are in yellow it means they are 'range bound', and green means they are in an 'uptrend'. Oddly enough out of the stocks I frequently blog about, Sirius has the least attractive Bull/Bear Ratio yet it is the only stock which is trending up according to the strength meter (green ratio).

Disclosure: Long GOOG, CAT, PALM, V, BAC, SIRI