April 12, 2013 Trade Alert - Big Bear Portfolio

These will get us started and flatten out the net delta:

BTC 3 SPY APR2 13 160 calls (SPY130412C160) for $.01 (no commission)

STO 3 SPY Apr-13 158.5 calls (SPY130420C158.5) for $.81

BTC 2 SPY APR2 13 159 puts (SPY130412P159)
STO 2 SPY Apr-13 157.5 puts (SPY130420P157.5) for a debit of $.21  (selling a diagonal)

BTC 1 SPY APR2 13 159 put (SPY130412P159)
STO 1 SPY Apr-13 157 put (SPY130420P157) for a debit of $.34  (selling a diagonal)

Be prepared to change these price limits by $.05 or more in order to get an execution.
 
Happy trading.
 
Terry