Stock-only trade: For those of you who don't use options and might be looking for a stock-only trade, consider buying AAPL around the $547.25 range and unloading it if you see more than a 6% drop or when it hits above the $610 area.

Option trade: If you are looking for a hedged trade on AAPL, consider a February 445/450 Bull Put spread for a 55 cent credit. That's a potential 12.4% return (60.1% annualized*) and the stock would have to fall 17.8% 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 XOM around the $88 area and unloading it if you see more than a 5% drop or when it hits above $95.

Option Trade: If you are looking for a hedged trade on XOM, consider an April Covered Call with a sold call at $90. That's potentially a 4.9% assigned return (12.9% annualized*) and the stock would have to fall 2.5% to cause a problem. You might even catch a little bit of the stock's 2.6% dividend.

Stock-only trade: For those of you who don't use options and might be looking for a stock-only trade, consider buying COST in the $98.50 range and unloading it if you see more than a 5% drop or when it hits the $106 area.

Option Trade: If you are looking for a hedged trade on COST, consider a July Covered Call with a sold call at $98. That's potentially a 5.9% assigned return (9.4% annualized*) and the stock would have to fall 6% to cause a problem. You might even catch a little bit of the stock's 1.1% dividend.

Stock-only trade: For those of you who don't use options and might be looking for a stock-only trade, consider buying GRMN in the $42 range and unloading it if you see more than a 5% drop or when it hits the $46.50 area.

Option Trade: If you are looking for a hedged trade on GRMN, consider a July Covered Call with a sold call at $41. That's potentially a 6% assigned return (9.5% annualized*) and the stock would have to fall 7.9% to cause a problem. You might even catch a little bit of the stock's 4.5% dividend.

Stock-only trade: For those of you who don't use options and might be looking for a stock-only trade, consider buying JOY in the $56.50 area and unloading it if you see more than a 5% drop or when the stock crosses above the $62 area.

Option Trade: If you are looking for a hedged trade on JOY, consider an April Covered Call with a sold call at $50. That's potentially a 6.2% assigned return (16.3% annualized*) and the stock would have to fall 16.6% to cause a problem. You might even catch a little bit of the stock's 1.3% dividend.