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Thu: Top Buys VIX EBAY RMBS NEM OIH Top Sells SPY DIA TLT AMZN

Primary Trades:

If VIX falls slightly below 11, Oct 12 or Nov 12.5 calls are buys. EBAY Oct 27.5 calls are buys on pullbacks. RMBS Nov 25 calls are buys, for a potential steep rise, and Nov 20 puts can be used to hedge. SPY and DIA Nov puts are buys on market bounces. TLT Dec 88 puts may be best.

Secondary Trades:

NEM Jan 50 calls may be best on a pullback. OIH Oct 130 or 125 calls may be buys on pullbacks. AMZN Oct 30 puts have been volatile and may hedge EBAY calls.

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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.