Play Editor's Note: I'm adding GLD as a short-term call play. There are also a few bearish candidates I would consider:
AAPL: AAPL has rolled over after filling the gap. I would consider buying puts here with stop loss around $166.50 and a target near $150. More aggressive traders could aim for $146.
ATK: The bounce in ATK failed at the top of its bearish channel. I would consider buying puts here with a stop loss above today's high. Aim for $95.00 or the bottom of its channel.
SPWR: SPWR and the solar stocks are looking weak. I would consider puts right here with a stop loss above $74 or $75. Aim for the $65 or $60 regions.
SPDR Gold Shares - GLD - cls: 91.33 chg: +0.76 stop: 89.95
Why We Like It:
BUY CALL AUG 90.00 GLD-HL open interest=1433 current ask $3.10
Picked on July 24 at $ 91.33