PeakTrader.com

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Mon: Top Buys OEX Top Sells SPY IWM OIH RTP AEM MDG PCU PAAS

Primary Trades:

Early next week, the following may be buys: SPY Jul 132 puts at 2.60 or lower, SPY Jun 132 puts at 2.00 or lower, SPY May 135 or 134 puts (near SPX 1,320), IWM Aug 77 puts at 3.20 or lower, and IWM Jun 78 puts at 2.80 or lower.

Secondary Trades:

OEX closed at about 596 Fri. If SPX rises to 1,350 on a one-week short-sqeeze, OEX should rise above 615. Fri closing prices for the following OEX calls are: May 600 3.70, May 605 1.80, and May 610 0.70.

It's possible, OIH will rise into the oil inventory report Wed. May 165 puts may be buys above 160. Also, puts on metal stocks may be buys on bounces, e.g. RTP Jul 210 or May 220 puts, AEM Aug or Jun 35 puts, MDG May 35 puts, PCU Jun 100 puts, and PAAS Jul 25 puts (PAAS, a silver stock, reports earnings Thu).

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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.