PeakTrader.com

[arthur]

Mon: Top Buys PFE JNJ Top Sells SPX BBH QQQQ GOOG CAKE

Drug stocks have underperformed biotech stocks. So, PFE and JNJ long-term calls and BBH short-term puts may be buys. The stock market is short-term overbought. So, SPX and QQQQ puts may be buys. GOOG may become more volatile before earnings Thu, e.g. trade between 285 and 305. GOOG's options implied volatilities are high, and should deflate sharply after earnings. So, perhaps, only a small position in puts should be held for earnings, and possibly an even smaller position in calls (in case GOOG rallies). CAKE is near a double top and may fall after earnings Tue.