August 20, 2013 Trade Alert - Big Bear Portfolio

We will put some of our cash to work:

BTO 1 SPY Oct-13 167 call (SPY131019C167)
STO 1 SPY Sep-13 167 call (SPY130921C 167) for a debit of $.89  (buying a calendar)

BTO 1 SPY Oct-13 168 call (SPY131019C168)
STO 1 SPY Sep-13 168 call (SPY130921C 168) for a debit of $.85  (buying a calendar)

BTO 1 SPY Oct-13 162 put (SPY131019P162)
STO 1 SPY Sep-13 162 put (SPY130921P162) for a debit of $1.09  (buying a calendar)

BTO 1 SPY Oct-13 164 put (SPY131019P164)
STO 1 SPY Sep-13 164 put (SPY130921P164) for a debit of $1.13  (buying a calendar)

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