April 8, 2013 Trade Alert - Big Bear Portfolio

We need to get less short:

BTO 5 SPY May-13 157 calls (SPY130518C157)
STO 5 SPY APR2 13 157 calls (SPY130412C157) for a debit of $1.49  (buying a calendar)

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