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