June 11, 2013 Trade Alert - Big Bear Portfolio

We need to get  shorter:

BTC 2 SPY JUN2 13 165.5 puts (SPY130614P165.5)
STO 2 SPY JUN2 13 162.5 puts (SPY130614P162.5) for a debit of $1.73  (buying a vertical)

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

Happy trading.
 
Terry