PeakTrader.com

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Mon: Top Buys KBH DHI Top Sells SPY IWM OIH; Others to Watch: GE

Primary Trades:

SPY Aug 128 to 130 puts and IWM Aug 73 puts are buys on market bounces. KBH Aug 45 or 50 calls, and DHI Aug or Nov 25 calls are buys on pullbacks.

Secondary Trades:

OIH Jul 155 puts are buys above 150.

GE created a bearish engulfing Fri and reports earnings Jul 14th. Aug 32.5 calls may be a buy on a pullback next week.

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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.