PeakTrader.com

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Wed: Top Buys OEX Top Sells SPX SPY IWM FDX AEM PD

Primary Trades:

SPY Jun or Jul 133 puts and IWM Jun 78 or Aug 77 puts are buys on market bounces.

Secondary Trades:

Calls: OEX May 605 or 610 calls may be a buy on a pullback for a quick trade or to partially hedge.

Puts: FDX Jun 125 puts, AEM May or Jun 45 puts, and PD Jun 95 puts may be buys, because of large potential gains. SPX May 1,330 puts may be a buy on an upward SPX spike after the FOMC announcement.

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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.