April 18, 2013 Trade Alert #2 - Big Bear Portfolio

We have spare cash that we can put to work:

BTO 2 SPY May-13 154 puts (SPY130518P154)
STO 2 SPY Apr-13 154 puts (SPY130420P154) for a debit of $1.89  (buying a calendar)

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