PeakTrader.com

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Mon: Top Buys EBAY IWM IMGN Top Sells SPY DIA MS

Primary Trades:

EBAY Sep 27.5 calls remain buys on pullbacks. IMGN below 3 is a buy. SPY Sep 127 puts may be best on market bounces.

Secondary Trades:

EBAY Aug 25 calls have huge leverage. IWM Aug 70 calls may be a buy on a potential FOMC pause Tue. DIA Sep 111 puts can be used to hedge. If the FOMC pauses Tue, MS may rally, which may be an opportunity to buy Aug 70 or 65 puts.

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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.