PeakTrader.com

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Mon: Top Buys EBAY KBH HD IWM Top Sells SPY DIA

Primary Trades:

EBAY Sep 27.5 or Jan 27.5 calls remain buys. KBH Sep 45 calls are buys on pullbacks.

Secondary Trades:

HD reports earnings Tue before the open. If HD pulls-back, it may rally Mon into the close. HD Aug 35 calls at 0.15 may rise to 0.25 and Sep 35 calls at 0.40 may rise to 0.60 into the close. EBAY Aug 25 calls at 0.15 or lower may bounce. If SPX falls into the low 1,260s, IWM may fall to slightly over 67 and Sep 68 calls may be a buy for a quick trade. If SPX rises into the high-1,270s, SPY or DIA Sep puts may be buys.

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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.