PeakTrader.com

[administrator]

Mon: Buys None Sells SPX SPY IWM OIH SLB SBUX

Primary Trades:

If SPX closes the gap at 1,288.12 tomorrow morning, SPX Feb puts may be a buy for a quick trade. SPY and IWM Mar puts may be buys for a potential market correction in Feb and Mar.

OIH and SLB are volatile and have the potential to fall sharply on lower oil prices. Mar puts may be buys.

Secondary Trades:

SBUX reports earnings after the close Wed. Feb 32.5 puts partially hedged with Jul 30 calls will limit risk and may result in a large gain.

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Primary Trade: An intermediate or long term trade. Timing can be off substantially. Volatility not a factor. Risk is low to moderate. Potential return is often moderate.

Secondary Trade: A short term trade. Timing must be accurate or volatility must be high. Risk is high. Potential return is high.

Secondary Trades should be generally avoided, although considered. Note: If Secondary Trades are taken, they may affect Primary Trades.