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Fri: Top Buys EBAY Top Sells SPY DIA

Primary Trades:

If EBAY pulls-back slightly, Jan 27.5 or 30 calls may be best. Also, EBAY Oct 30 puts may be best to hedge calls. SPY Sep 128 puts and DIA Sep 112 puts are buys on market bounces.

Secondary Trades:

SPY and DIA Aug in-the-money puts should have about 100% intrinsic value tomorrow. SPY Aug 131 or 132 puts, and DIA Aug 114 or 115 puts may be best to trade. If EBAY pulls-back one or two points, Sep 27.5 or 30 calls 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.