Some possible things to watch tomorrow.

I decided to skip the part 2 of perusing the markets as after I read through part 1 I found it to be, well, pretty dull and really not that useful, but here are some ideas for the week ahead.

COP shares broke out last week and rallied very strong and traders stepped in on friday to the tune of over 30K March 62.50 calls.  Certainly seems like a value here trading at 7 and a half time earnings and yielding 4.5% and there were some massive positions taken in those march calls.  Would like to see a pull back to the 10 day to look to get involved in a similar march strategy.

NVDA is a semi that really has not rallied and has been stuck bouncing around a range, but traders got active looking to capture a move after putting in a strong day on Friday and earnings looming. 6K Sept 13 calls, March 13 & 14 calls seeing around 4K each.  Earnings are in mid february and NVDA would be more of a speculative play here, but is one I am a bit interested in to see a run into earnings and then decide before hand what to do with the position.  With earnings looming IV should increase giving another advantage to the trade here.  One I will consider tomorrow.

CBG with a nice clean break out on thursday and friday and I like the fact that it retraced a bit on Friday as it makes an easier entry through the highs on that wick or could be interested off the 10 day or an entry around the fork where it has been trading up against for some time.  5K March 22 calls were bought on friday and is what initially caught my attention.  This one is interesting and could be one to watch.

SNPS is definitely interesting here, and could be one to get involved in through Fridays highs or on any pull back.  Friday saw some massive positions taken 6K March 35 calls & June 35 with 1400 in comparison to the amount of options this stock normally trades this is certainly a large position and one to keep notice of.

NKTR is setting up here after bottoming out late last year and after a nice pull back made a nice move on Friday.  Traders were active in 5K fEB 10 calls & may 10 calls and OI is growing in May and Aug. The Feb 10 calls could be worth a play its rather speculative but this one could put in a run like it did last sept and be good for a nice little score.

MRK a strong day on friday and is looking to break out this is a sector I have been bullish on for some weeks with my XLV play still rolling half the position.  Traders stepped in and bought 10K Feb 43 calls (need to check OI tomorrow.  and some activity in the Feb calls.  I have had a lot of success following flow in this name and may look to close out my XLV position tomorrow and roll into these Feb calls.

YHOO reports after the close on Monday and is setting up here for a move higher and after last week it seems like they're taking up most stocks after earnings reports.  A possible play is a 1 by 2 ratio call spread here buying the weekly 21 calls and selling 2 times as many 22 calls for .02.  50 to 1 play has great risk reward and can be played very cheaply.