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Joined: 28 Dec 2005 Posts: 11979
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Posted: Tue Sep 26, 2006 5:34 pm Post subject: Wed: Buys VIX EBAY RMBS Sells SPY DIA TLT AMZN RIMM |
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Wed: Top Buys VIX EBAY RMBS Top Sells SPY DIA TLT AMZN RIMM
Primary Trades:
SPY Nov 132 puts and DIA Nov 116 puts are buys on market bounces. VIX Oct 12 or Nov 12.5 calls are buys near 11. EBAY Nov 30 calls may be best at this point. RMBS Oct 22.5 calls at 0.20 or 0.15 is purely speculative. TLT Nov 88 puts at 0.55 may be worth the risk.
Secondary Trades:
SPY Oct 132 puts below 0.70 and DIA Oct 116 puts below 0.80 have much more leverage than Nov puts. AMZN Oct 30 puts have huge upside potential. RIMM reports earnings Thu and Oct 85 puts at 2.50 or lower may be worth the risk.
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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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