July 22, 2013 Trade Alert - Big Bear Portfolio

We have enough cash to provide a little breathing room on the upside while maintaining an overall bearish position:

BTC 1 SPY Aug-13 169 call (SPY130817C169)
STO 1 SPY Aug-13 171 call (SPY130817C171) for a debit of $1.07  (buying a vertical)

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