April 2, 2013 Trade Alert - Big Bear Portfolio

This short call might start hurting if the stock continues higher:

BTC 3 SPY APR1-13 156.5 calls (SPY130405C156.5)
STO 3 SPY APR1-13 157.5 calls (SPY130405C157.5) for a debit of $.59  (buying a vertical)

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