PeakTrader.com

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Tue: Top Buys EBAY IWM Top Sells SPY DIA MS

Primary Trades:

EBAY Sep 27.5 calls remain buys at 0.30 or lower. DIA Sep 111 or 112 puts are buys if DIA rises to 113.

Secondary Trades:

EBAY Aug 25 calls have huge leverage and may be bought at 0.35 for possible daytrade. IWM Aug 69 calls may be best to hedge SPY and DIA Sep puts. SPY Sep 127 or 128 puts are buys on market bounces. If MS rallies after the FOMC announcement, Aug 70 or 65 puts are buys.

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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.