Campbell’s Soup Company (CPB) is seeing some UOA today and hitting highs of $45.94. The soup maker from New Jersey is up 6.5% YTD after hitting lows of $39.49 in January, likely a result of this year’s harsh winter. After rebounding the stock has done well on the charts breaking through the cloud to the upside and finding strong support levels still above the cloud. The future is bright as the cloud projects an upward trend and gets thicker and thicker, indicating a continued rally for Campbell’s.

CPB over the past few years has hit higher highs and higher lows after selling off from its 52-week high above $48. This, as we all know, is a great sign of bullish movement and traders on the street are betting it will continue. Lets look at a trade:

CPB: Buying the CPB Nov 47 Calls for $1.5

Targets: Sell 25% at $1.70, Sell 25% at $1.90, Sell 25% at $2.10, Sell 25% at $2.50

Greeks of this Trade:

Delta: Long

Gamma: Long

Theta: Short

Vega: Long

Anadarko Petroleum Corporation (APC) is a Texas based oil producer is up 31.2% YTD and isn’t looking back. The energy sector has lead the market this year and APC is no exception. After receiving a nice jump after a lawsuit settlement in April the stock has continued to climb. It has underperformed the industry in the past years and this new activity may be due to a catch-up in productivity. A trader went aggressively long APC buying the right to buy company stock at $115 at or before August expiration. It’s currently trading at $104.31 hitting its 52-week high.

The daily chart is forecasting a continued bullish trend over the next month. Day traders should also be confident looking at the shorter charts with APC breaking resistance above the cloud. Looking at the five-minute bar, APC is flirting with topside resistance in the cloud.

Now lets look at the trade:

Buying the APC Aug 115 Calls for $.77

Targets: Sell 25% at $.90, Sell 25% at $1.10, Sell 25% at $1.30, Sell 25% at $1.50

Greeks of this Trade:

Delta: Long

Gamma: Long

Theta: Short

Vega: Long

This article was written by Kyle Sheahan, an Associate at Keeneonthemarket.com.

e: Kyle@Keeneonthemarket.com

Protective Life Corp (PL) has seen huge gains since Friday’s close, up more than $17.00 on the week. The stock jumped on the news that Japanese life insurance company Dai-Ichi Life Insurance would pay a pretty penny for the American financial services provider, around $5.7 billion. Dai-Ichi announced it would pay $70.00 a share for PL, a hefty premium of Fridays close.

The deal made traders long PL on Friday a fortune. For example, a trader bought 1000 PL June 60 Calls for 1.25 for a total cash outlay of $125,000. The next day, the same call options were worth $9.30, netting the trader $805,000, otherwise known as 650% returns overnight.

Whole Foods Market (WFM) is bouncing back after an abysmal May selloff prompted by a disappointing earnings report. The higher-end health food grocer admits it may have set its targets too high after posting huge numbers last year and peaking around $65. The May drawback, in which the stock traded almost inversely with broader bull market, featured the biggest losing day since the years leading up to the financial crisis when consumers had to curtail spending.

This is a cheap long for investors that believe in the business model as WFM is likely to see big gains. With the health craze ever expanding in the US and the recent, and perhaps disproportionate, selloff, Whole Foods stands to rally hard if it can hit its earnings projections, which it is hoping to do by implementing new cost cutting programs to streamline its supply chain.

The chart is looking great for WFM as it’s flying high above the cloud and projected to continue. The stock has found solid support levels and has broken resistance consistently today, up $1.71. Regardless, I don’t see the company, with its extremely passionate customer base, going anywhere.

The Trade: Buying the WFM July 42 Calls for $.33

Targets: Sell 25% at $.50, Sell 25% at $.65, Sell 25% at $.80, Sell 25% at $1.00

Greeks of this Trade:

Delta: Long

Gamma: Long

Theta: Short

Vega: Long

It might be time to get long Quest Diagnostics (DGX) as the healthcare company is breaking major resistance levels. The positive trends have been ongoing for a couple weeks and after hitting a low on May 23^rd at $57 dollars, DGX rallied up to a high of $62.42 before selling off slightly to its current level of $61.40.

The long-term trend also suggests a continued rise in price as it has come close to its all time high, usually a positive signal for further gains. DGX is trading well above the cloud and is forecast to continue its rise. YTD the stock has outperformed the raging bull market, up 15.29%.

The Trade: Buying the DGX July 65 Calls for $.60

Risk: $160 per 1 lot

Targets: Sell 25% at $.75, Sell 25% at $.90, Sell 25% at $1.10, Sell 25% at $1.30,

Greeks of this Trade:

Delta: Long

Gamma: Long

Theta: Short

Vega: Long