June 13, 2013 Trade Alert - Big Bear Portfolio

We need to get shorter:

BTC 2 SPY JUN2 13 165 puts (SPY130614P165)
STO 2 SPY JUN2 13 161.5 puts (SPY130614P161.5) for a debit of $2.55 (buying a vertical)

BTC 1 SPY JUN2 13 164.5 put (SPY130614P164.5)
STC 1 SPY JUN 13 166 put (SPY130622P166) for a credit of $2.40 (selling a diagonal)

BTC 2 SPY JUN2 13 163 puts (SPY130614P163)
STC 2 SPY JUN 13 166 puts (SPY130622P166) for a credit of $3.60 (selling a diagonal)

BTO 2 SPY JUL1 13 161 puts (SPY130705P161)
STO 2 SPY JUN2 13 161 puts (SPY130614P161) for a debit of $2.09 (buying a calendar)

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

Happy trading.
 
Terry