April 15, 2013 Trade Alert - Big Bear Portfolio

We have spare cash that we can put to work:

BTO 3 SPY May-13 156 puts (SPY130518P156)
STO 3 SPY Apr-13 156 puts (SPY130420P156) for a debit of $1.21  (buying a calendar)

Be prepared to change this price limit by $.02 or more in order to get an execution.
 
Happy trading.
 
Terry