April 22, 2013 Trade Alert - Big Bear Portfolio

We need to get longer:

BTC 3 SPY APR4 13 156 calls (SPY130426C156)
STO 3 SPY APR4 13 157.5 calls (SPY130426C157.5) for a debit of $.73  (buying a vertical)

BTC 2 SPY APR4 13 153 puts (SPY130426P153)
STO 2 SPY APR4 13 156.5 puts (SPY130426P156.5) for a credit of $.56  (selling a vertical)

BTC 3 SPY APR4 13 154 puts (SPY130426P154)
STC 3 SPY May-13 154 puts (SPY130518P154) for a credit of $.96  (selling a calendar)

BTC 4 SPY APR4 13 154 puts (SPY130426P154)
STO 4 SPY APR4 13 156 puts (SPY130426P156) for a credit of $.48  (selling a vertical)

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