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Wed: Top Buys EBAY KBH Top Sells SPY DIA OEX

Primary Trades:

EBAY Oct 27.5 calls may be best on pullbacks. KBH Sep 45 calls are buys on a low open. If the market opens high, SPY or DIA Sep puts are buys.

Secondary Trades:

SPY or DIA Aug in-the-money puts have more leverage. OEX closed at 593 1/2. Aug 595 or 600 puts are buys on a high open.

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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.