My Trade Plan Details:

• ARM Mar 15 $165 calls near $5.80
  
• Stop: Close ARM below $138
  
• Target 1: $160
• Target 2: $175
  

ARM options up over 42% in just 1 day!

My Reasoning:

This week, I am once again picking a stock that I really hate! 

I think it is terribly overvalued, and is not something I would look to put in my long-term retirement account anytime soon.

This is just a trading vehicle, and I think the short-term catalysts are looking strong for this sector and this stock in particular.

This week, I am sticking with the semiconductor sector which has been one of the biggest winners of the year.  I see no reason for that to stop anytime soon.

My Bullseye pick this week is to buy (ARM) calls.

Keep in mind that I don’t know exactly where the stock or options prices will open. I am trying to get in the ballpark with my estimates.