SPY:$VIX Ratio Chart (26 Jul 13): 13.29

SPY $169.11
Buy (3) Jan 14 180 C @ $1.64
Target Price (30%): $2.15

VXX $15.51
Buy (2) Jan 14 15 P @ $2.59
Target Price (30%): $3.40

Long Call (26 Jul 13): JNJ $92.83

JNJ $92.83
Buy (2) Jan 14 95 C @ $2.20
Target Price (30%): $2.90

Long Call (26 Jul 13): UTX $104.97

UTX $104.97
Buy (2) Jan 14 110 C @ $2.49
Target Price (30%): $3.25

Long Call (26 Jul 13): UNH $72.21

UNH $72.21
Buy (3) Jan 14 80 C @ $1.52
Target Price (30%):  $2.00

Long Call (26 Jul 13): DD $57.66

DD $57.66
Buy (3) Jan 14 60 C @ $1.59
Target Price (30%): $2.10

Long Call (26 Jul 13): MMM $116.91

MMM $116.91
Buy (3) Jan 14 125 C @ $1.68
Target Price (30%):  $2.20

SPY:$VIX Ratio Chart (19 Jul 13): 13.49

In summary, the SPY:$VIX chart remain bullish and the intermediate-term outlook is thus positive.  There might be a sharp, but short-lived correction at any time, but as long as the indicators remain positive, any correction should be limited in nature.

SPY $169.17
Buy (2) Jan 14 180 C @ $1.97
Target Price (30%):  $2.60

VXX $16.17
Buy (2) Jan 14 15 P @ $2.26
Target Price (30%): $2.95

Long Call (19 Jul 13): XOM $95.17

XOM $95.17
Buy (4) Jan 14 100 C @ $1.23
Target Price (30%): $1.60

Long Call (19 Jul 13): UNH $71.45

UNH $71.45
Buy (2) Jan 14 75 C @ $2.79
Target Price (30%): $3.65

Long Call (19 Jul 13): UTX $102.48

UTX $102.48
Buy (3) Jan 14 110 C @ $1.66
Target Price (30%): $2.15

Long Call (19 Jul 13): JNJ $92.23

JNJ $92.23
Buy (2) Jan 14 95 C @ $2.08
Target Price (30%): $2.70

Long Call (19 Jul 13): BAC $14.75

BAC $14.75
Buy (5) Jan 14 15 C @ $0.91
Target Price (30%):  $1.20

S&P 500 Index (12 Jul 13): SPY $167.51

Stocks ended higher in a choppy trading session on Friday, with all three major indexes finishing the day in green.  Stocks also rose sharply for the week.  For the week, the Dow Jones rose 2.16%, the S&P 500 rose 2.96%, and the Nasdaq rose 3.47%.

Volatility Index (12 Jul 13): $VIX 13.84

With the VIX just under 14.00 and the S&P 500 nearing a breakout, we could see the VIX sitting somewhere in the 12.00 range should equities continue their move.

VXX $17.35
Buy (2) Jan 14 16 P @ $2.58
Target Price (30%): $3.35

Long Call (12 Jul 13): UNH $68.00

UNH $68.00
Buy (3) Jan 14 75 C @ $1.69
Target Price (30%): $2.20

Long Call (12 Jul 13): MMM $115.14

MMM $115.14
Buy (2) Jan 14 120 C @ $2.85
Target Price (30%):  $3.70

Long Call (12 Jul 13): JNJ $89.99

JNJ $89.99
Buy (3) Jan 14 95 C @ $1.47
Target Price (30%): $1.95

Long Call (12 Jul 13): UTX $99.83

UTX $99.83
Buy (2) Jan 14 105 C @ $2.71
Target Price (30%): $3.55

Long Call (12 Jul 14): CSCO $25.94

CSCO $25.94
Buy (2) Jan 14 25 C @ $2.13
Target Price (30%):  $2.90