PeakTrader.com

[administrator]

Fri: Top Buys DOW MXIM Top Sells OEX IWM

Primary Trades:

DOW is fundamentally undervalued and Sep 40 calls are buys on pullbacks.

Secondary Trades:

Calls: MXIM is one of the most relatively undervalued tech stocks (although, semis are currently out of favor). Jul 30 calls may be buys.

Puts: OEX May 26 585 or 590 puts (which expire after the close tomorrow) may be buys on a high open, if about 100% intrinsic value. OEX closed at 583.16. OEX Jun 590 puts closed at 9.80. IWM Jul 74 puts may be bought below 3.30.

------------------------------------------------------------------------------------

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.