PeakTrader.com

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Wed: Top Buys KBH DHI Top Sells IWM SPY OIH

Primary Trades:

IWM and SPY Sep or later in-the-money puts on market bounces. A short-term breakout may take place. However, SPY may fall below 120 within three months.

Secondary Trades:

KBH Aug 45 calls or DHI Aug 25 calls are buys on pullbacks. OIH Jul 155 puts may be worth the risk for a short-term trade.

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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.