June 18, 2013 Trade Alert - Big Bear Portfolio

These trades will increase theta and make us a little less short:

BTC 1 SPY Jun-13 162 put (SPY130622P162)
STC 1 SPY Jul-13 162 put (SPY130720P162) for a credit of $1.51  (selling a calendar)

BTC 1 SPY Jun-13 162 put (SPY130622P162)
STC 1 SPY JUL1 13 161 put (SPY130705P161) for a credit of $.57  (selling a diagonal)

BTO 1 SPY Aug-13 165 put (SPY130817P165)
STO 1 SPY Jun-13 165 put (SPY130622P165) for a debit of $2.76  (buying a calendar)

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