July 8, 2013 Trade Alert - Big Bear Portfolio

We need to get a little longer:

BTC 1 SPY Jul-13 157 put (SPY130720P157)
STC 1 SPY Sep-13 157 put (SPY130921P157) for a credit of $2.07  (selling a calendar)

BTO 1 SPY Aug-13 165 call (SPY130817C165)
STO 1 SPY Jul-13 165 call (SPY130720C165) for a debit of $1.48  (buying a calendar)

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