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Joined: 28 Dec 2005 Posts: 11987
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Posted: Wed Oct 11, 2006 5:31 pm Post subject: Thu: Buys VIX EBAY NEM COP RMBS Sells SPY DIA AMZN |
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Thu: Top Buys VIX EBAY NEM COP RMBS Top Sells SPY DIA AMZN
Primary Trades:
SPY Nov 133 puts and DIA Nov 116 puts are buys on market bounces. If SPX rises to about 1,360, Oct 136 puts are buys. VIX Nov 12.5 calls are buys below 11 1/2.
Secondary Trades:
NEM Nov 42.5 calls closed at 1.45 and COP Nov 60 calls closed at 1.15, which may be worth the risks. RMBS Nov 22.5 calls with Nov 20 puts are buys. AMZN Nov 30 puts may be best.
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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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