April 17, 2013 Trade Alert #2 - Big Bear Portfolio

We have become positive net delta once again:

BTC 1 SPY Apr-13 157 put (SPY130420P157)
STC 1 SPY May-13 160 put (SPY130518P160) for a credit of $3.32  (selling a diagonal)

BTC 3 SPY Apr-13 156.5 put (SPY130420P156.5)
STO 3 SPY Apr-13 154.5 put (SPY130420P154.5) for a debit of $1.02  (buying a vertical)

BTC 1 SPY Apr-13 157 put (SPY130420P157)
STO 1 SPY Apr-13 155 put (SPY130420P155) for a debit of $1.16  (buying a vertical)

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