April 8, 2013 Trade Alert #2 - Big Bear Portfolio

This trade will get us a little longer and pick up some theta:

BTC 2 SPY APR2 13 154 puts (SPY130412P154)
STO 2 SPY APR2 13 156 puts (SPY130412P156) for a credit of $.52  (selling a vertical)

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