PeakTrader.com

[administrator]

Mon: Top Buys EBAY RMBS Top Sells SPY DIA AMZN

Primary Trades:

At this point, SPY Oct 137 puts at 0.60 may be best on about a 1/2 point SPY bounce. SPY Nov 134 puts at 0.60 is my second choice, given potential leverage. If the Dow rises to around 12,000, Oct 120 puts at 0.55 may be best. Nov 118 puts at 0.75 is my next best choice. EBAY reports earnings Wed and may rise into earnings. Consequently, Nov 32.5 calls may be best, and Nov 30 puts can be bought on bounces to partially hedge. AMZN Nov 30 puts are buys below 1. AMZN reports earnings the week after next.

Secondary Trades:

RMBS Nov 22.5 or 25 calls may be best on pullbacks.

------------------------------------------------------------------------------------

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.