PeakTrader.com

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Thu: Top Buys BRCM RMBS MXIM QQQQ Top Sells DIA SPY IWM MS

Primary Trades:

DIA SPY and IWM Aug or Sep puts are buys on market bounces for a potential pullback or volatility. MS Aug 60 puts are a buy at 0.40 or less. QQQQ Aug 36 calls can hedge puts.

Secondary Trades:

BRCM reports earnings after the close Thu. The Aug 26.63 calls are better-priced than the Aug 27.5 calls. Aug 25 puts can be used to partially hedge, in case there's a big downside move. RMBS Aug 15 calls may be best. MXIM has the potential to rise above 30 before Fri. The Jul 30 calls may be bought at 0.10 or 0.05, although it's very risky.

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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.