April 23, 2013 Trade Alert - Big Bear Portfolio

We need to get less short:

BTC 3 SPY APR4 13 154.5 puts (SPY130426P154.5)
STO 3 SPY APR4 13 157.5 puts (SPY130426P157.5) for a credit of $.52  (selling a vertical)

BTO 5 SPY May-13 158 puts (SPY130518P158)
STO 5 SPY APR4 13 158 puts (SPY130426P158) for a debit of $1.16  (buying a calendar)

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