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Joined: 28 Dec 2005 Posts: 11986
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Posted: Mon Oct 09, 2006 4:45 pm Post subject: Tue: Buys VIX EBAY HAL NEM RMBS Sells SPY DIA AMZN RIMM |
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Tue: Top Buys VIX EBAY HAL NEM RMBS Top Sells SPY DIA AMZN RIMM
Primary Trades:
SPY Oct 135 puts, SPY Nov 133 puts, and DIA Nov 116 puts are buys on market bounces for a likely pullback this week, perhaps below SPX 1,340.
Secondary Trades:
VIX (symbol $vix.x) Oct 12 or Nov 12.5 calls, HAL Nov 27.5 calls, NEM Dec 45 calls, EBAY Nov 32.5 calls, and RMBS Nov 22.5 calls may be best on pullbacks (also, EBAY Nov 30 puts and RMBS Nov 20 puts can be used to partially hedge). AMZN Oct 32.5 or Nov 30 puts and RIMM Oct 100 puts may be best if those stocks bounce.
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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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