PeakTrader.com

[administrator]

Fri: Top Buys None Top Sells SPY IWM DIA

Primary Trades:

SPX may pullback and continue the recent volatile trading range next week. Consequently, it may be best to buy SPY IWM and DIA Jul puts.

Secondary Trades:

There may be an opportunity to make a big gain with Jun slightly-in-the-money options tomorrow (e.g. OEX), although risky. Also, perhaps, OEX Jun 565 calls, on a pullback, will hedge puts.

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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.