June 14, 2013 Trade Alert #2 - Big Bear Portfolio

This trade will eliminate the maintenance requirement and get us a little shorter:

BTO 1 SPY Aug-13 166 put (SPY130817P166)
STC 1 SPY Jul1-13 161 put (SPY130705P161) – for a debit of $4.12  (buying a diagonal)       

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