Stock-only trade: For those of you who don't use options and might be looking for a stock-only trade, consider buying CVX at the $106 level and unloading it if you see more than a 5% drop or when it hits the $115 area.

Option trade: If you are looking for a hedged trade on CVX, consider a January 97.50/100 Bull Put spread for a 33 cent credit. That's a potential 15.2% return (118.1% annualized*) and the stock would have to fall 5.5% to cause a problem.

Stock-only trade: For those of you who don't use options and might be looking for a stock-only trade, consider buying TOL at the $32.05 level and unloading it if you see more than a 6% drop or when it hits the $35.25 area.

Option Trade: If you are looking for a hedged trade on TOL, consider a March Covered Call with a sold call at $30. That's potentially a 6.2% assigned return (21.8% annualized*) and the stock would have to fall 11.9% to cause a problem

Stock-only trade: For those of you who don't use options and might be looking for a stock-only trade, consider buying LTD at the $51.60 level and unloading it if you see more than a 5% drop or when it hits the $56 area.

Option Trade: If you are looking for a hedged trade on LTD, consider a May Covered Call with a sold call at $49. That's potentially a 5% assigned return (10.9% annualized*) and the stock would have to fall 9.5% to cause a problem. You might even catch a little bit of the stock's 2% dividend.

Stock-only trade: For those of you who don't use options and might be looking for a stock-only trade, consider buying GM below the $27 level and unloading it if you see more than a 6% drop or when it hits the $28.65 area.

Option Trade: If you are looking for a hedged trade on GM, consider a June Covered Call with a sold call at $23. That's potentially a 5.8% assigned return (10.5% annualized*) and the stock would have to fall 16.7% to cause a problem.

Stock-only trade: For those of you who don't use options and might be looking for a stock-only trade, consider buying AZO around the $380 level and unloading it if you see more than a 5% drop or when it hits the $415 area.

Option trade: If you are looking for a hedged trade on AZO, consider a January 330/340 Bull Put spread for a 65 cent credit. That's a potential 7% return (54% annualized*) and the stock would have to fall 10.5% to cause a problem.