June 21, 2013 Trade Alert - Big Bear Portfolio

We need to make serious changes to get set up for next month:

BTC 1 SPY Jun-13 165 put (SPY130622P165)
STC 1 SPY Aug-13 165 put (SPY130817P165) for a credit of $1.03  (selling a calendar)
 
BTC 1 SPY Jun-13 164 put (SPY130622P164)
STC 1 SPY Aug-13 166 put (SPY130817P166) for a credit of $2.85  (selling a diagonal)

BTC 1 SPY Jun-13 164 put (SPY130622P164)
STC 1 SPY Jul-13 166 put (SPY130720P166) for a credit of $2.19  (selling a diagonal)
 
BTC 2 SPY Jun-13 163 puts (SPY130622P163)
STC 2 SPY Aug-13 163 puts (SPY130817P163) for a credit of $1.74  (selling a calendar)

BTC 1 SPY Jun-13 163 put (SPY130622P163)
STC 1 SPY Jul-13 162 put (SPY130720P162) for a credit of $.15  (selling a diagonal)
 
BTC 1 SPY Jun-13 163 put (SPY130622P163)
STC 1 SPY Jul-13 161 put (SPY130720P161) for a debit of $.41  (selling a diagonal)
  
BTO 1 SPY Sep-13 158 put (SPY130921P158)
STO 1 SPY Jul-13 158 put (SPY130720P158) for a debit of $2.62  (buying a calendar)

BTO 1 SPY Sep-13 157 put (SPY130921P157)
STO 1 SPY Jul-13 157 put (SPY130720P157) for a debit of $2.60  (buying a calendar)

BTO 1 SPY Sep-13 155 put (SPY130921P155)
STO 1 SPY Jul-13 155 put (SPY130720P155) for a debit of $2.50  (buying a calendar)
 
Be prepared to change these price limits by $.05 or more in order to get an execution.
 
Happy trading.
 
Terry