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Tue: Top Buys GM TOL Top Sells SPY SPX

Primary Trades:

SPY Mar 128 to 130 puts may be best for a market downtrend. However, there are SPY Apr puts available. So, if some Mar puts are sold on market pullbacks, Apr puts should be bought on market bounces.

Secondary Trades:

If SPX rises into the low 1,290s, Mar 1,290 puts may be bought below 13.

GM Jun 25 calls may be bought below 1.80. GM has the potential to rise above 30 before the Jun calls expire.

TOL reports earnings Thu and Mar 30 calls at 1.35 or lower may be a buy.

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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.