April 30, 2013 Trade Alert #2 - Big Bear Portfolio

We need to generate a little cash:

BTC 3 SPY MAY1 13 156 puts (SPY130503P156)
STC 3 SPY May-13 156 puts (SPY130518P156) for a credit of $.52  (selling a calendar)

BTC 3 SPY MAY1 13 157 puts (SPY130503P157)
STO 3 SPY May-13 157 puts (SPY130518P157) for a credit of $.61  (selling a calendar)

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