August 16, 2013 Trade Alert - Big Bear Portfolio

These trades will get us set up for next month:

BTC 1 SPY Aug-13 165 put (SPY130817P165)
STO 1 SPY Sep-13 165 put (SPY130921P165) for a credit of $2.65  (selling a calendar)

BTC 1 SPY Aug-13 167 put (SPY130817P167)
STC 1 SPY Sep-13 167 put (SPY130921P167) for a credit of $2.45  (selling a calendar)

BTC 1 SPY Aug-13 171 call (SPY130817C171) for $.01 (no commission)

STC 1 SPY Sep-13 168 call (SPY130921C168) for $1.49

BTO 1 SPY Oct-13 163 put (SPY131019P163)
STO 1 SPY Sep-13 163 put (SPY130921P163) for a debit of $1.07  (buying a calendar)   
 
Be prepared to change these price limits by $.05 or more in order to get an execution.
 
Happy trading.
 
Terry