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Thu: Top Buys QQQQ DOW KBH DHI Top Sells SPY DIA

Primary Trades:

Puts: SPY Sep 129 puts above 127 1/2 at 3.20 or lower. DIA Sep 114 puts above 111 3/4 at 3.30 or less. To hedge calls or perhaps a long-term trade.

Calls: KBH Aug 45 calls on a small pullback at 2.60 or lower. DHI Aug 22.5 calls at 1.95 or less. DOW Sep 40 calls at 1.05 or lower.

Secondary Trades:

Calls: QQQQ Aug 36 calls may be a buy at 2.70, which is the current price with QQQQ at 38.15, or on a SPX pullback to low or mid-1,260s.

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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.