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Joined: 28 Dec 2005 Posts: 11980
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Posted: Mon Sep 25, 2006 6:11 pm Post subject: Tue: Buys EBAY RMBS Sells TLT SPY AMZN |
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Tue: Top Buys EBAY RMBS Top Sells TLT SPY AMZN
Primary Trades:
If SPX rises to around 1,350 before Oct expiration, EBAY should also rise somewhat. So, Oct 27.5 or 30 calls are buys. RMBS Oct 22.5 calls are buys on pullbacks. TLT's RSI is about 84. So, Nov 88 puts may be buys at this point. SPY Nov 132 puts may hedge TLT puts. AMZN Oct 30 puts are buys on bounces.
Secondary Trades:
None.
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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. |
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