April 30, 2013 Trade Alert - Big Bear Portfolio

We are a bit too short;

BTC 3 SPY MAY1 13 159 calls (SPY130503C159)
STC 3 SPY May-13 156 calls (SPY130518C156) for a credit of $3.04  (selling a diagonal)

BTC 3 SPY MAY1 13 155.5 puts (SPY130503P155.5)
STC 3 SPY May-13 156 puts (SPY130518P156) for a credit of $.58  (selling a diagonal)

BTO 5 SPY Jun-13 160 calls (SPY130622C160)
STC 5 SPY May1-13 160 calls (SPY130503C160) for a debit of $2.04  (buying a calendar)

BTO 2 SPY Jun-13 159 puts (SPY130622P159)
STO 2 SPY May1-13 159 puts (SPY130503P159) for a debit of $2.47  (buying a calendar)

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