PeakTrader.com

[administrator]

Fri: Buys OEX Sells SPX SPY IWM OIH CME GOOG

Primary Trades:

SPX closed at about 1,274, and the trading range may be between (below) 1,246 and just above 1,275 or 1,290 (short-term) within the next month. So, SPX SPY and IWM Mar or later puts are buys on market bounces.

Secondary Trades:

OEX calls are a potential short-term trade, and to hedge puts. CME and GOOG may be big movers (perhaps down) on earnings Tue.

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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.