July 15, 2013 Trade Alert - Big Bear Portfolio

These trades will get us a little less short and add to theta:

BTC 1 SPY Jul-13 164 call (SPY130720C164)
STC 1 SPY Sep-13 163 call (SPY130921C163) for a credit of $3.09  (selling a diagonal)

BTO 1 SPY Sep-13 167 put (SPY130921P167)
STO 1 SPY Jul-13 167 put (SPY130720P167) for a debit of $3.26  (buying a calendar)

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