PeakTrader.com

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Tue: Top Buys EBAY QLGC Top Sells AMZN DIA MS

Primary Trades:

None, except if SPX rises into the 1,270s to buy DIA puts (and perhaps SPY and IWM puts).

Secondary Trades:

AMZN reports earnings after the close Tue. Consequently, EBAY and other internets may rise into AMZN earnings, which may be an opportunity to sell some EBAY calls. AMZN Aug 35 puts may be a buy before earnings. EBAY Oct 27.5 calls may also be a buy. Also, QLGC reports earnings after the close Tue. Aug 15 calls or Aug 17.5 calls at 0.30 or less may be worth the risk. DIA Sep 110 or 111 puts may be buys on market bounces. If MS Aug 60 puts fall to 0.20, they may double later in the 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.