PeakTrader.com

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Wed: Top Buys GM TOL Top Sells SPY SPX IWM

Primary Trades:

SPY Apr 128 to 130 puts may be buys on market bounces. SPY has the potential to fall below 125 within a month and fall further towards 120 within two months.

Secondary Trades:

GM Jun 25 calls and TOL Jun 30 calls may be buys on pullbacks (also, the TOL Jun 35 calls rose little today). TOL reports earnings Thu.

SPX Mar 1,290 puts at SPX about 1,290 may be a buy for a quick trade.

IWM May 72 puts may fall below 2.20 on a bounce above 72 1/2. If SPX falls below 1,250, IWM should fall below 70 or below 68.

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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.