April 3, 2013 Trade Alert - Big Bear Portfolio

We have become positive net delta:

BTC 2 SPY APR1-13 157.5 calls (SPY130405C157.5)
STO 2 SPY APR1-13 155.5 calls (SPY130405C155.5) for a credit of $.80  (selling a vertical)

BTC 2 SPY APR1-13 158 calls (SPY130405C158) for $.05 (no commission)

STO 2 SPY Apr-13 157 calls (SPY130420C157) for $.48

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