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Mon: Top Buys QQQQ Top Sells SPY PD PCU

Primary Trades:

QQQQ Jun 39 calls, which closed at 1.75, on a low open. If SPX rises to around 1,305, SPY Jul 132 puts are buys. Also, SPY Jul puts can be used to hedge QQQQ calls.

Secondary Trades:

QQQQ May 38 calls on pullbacks, and selling some on bounces, over a potentially volatile week. PD and PCU Jun or later puts if those stocks bounce, although both are partially discounted on anticipation of lower copper prices.

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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.