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Thu: Top Buys EBAY RMBS Top Sells DIA MS

Primary Trades:

The economic reports before the open may set the tone for the day. EBAY Sep 25 calls at 0.90 or lower or Sep 27.5 calls at 0.30 or lower are buys on pullbacks. DIA Sep 110 puts and MS Aug 60 puts may be used to hedge.

Secondary Trades:

RMBS Aug 15 or Sep 17.5 calls may be buys on pullbacks.

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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.