April 9, 2013 Trade Alert - Big Bear Portfolio

We should get a little longer:

STO 2 SPY APR2 13 156 puts (SPY130412P156) for $.45

BTO 2 SPY May-13 156 puts (SPY130518P156)
STC 2 SPY Apr-13 154 puts (SPY130420P154) for a debit of $1.61  (buying a diagonal)

BTC 2 SPY APR2 13 155.5 calls (SPY130412C155.5)
STC 2 SPY APR 13 155 calls (SPY130412C155) for a credit of $.82  (selling a diagonal)

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