June 27, 2013 Trade Alert - Big Bear Portfolio

We have no spreads in place at strikes higher than the stock price:

BTC 1 SPY Jul-13 155 put (SPY130720P155)
STC 1 SPY Sep-13 155 put (SPY130921P155) for a credit of $2.42  (selling a calendar)

BTO 1 SPY Sep-13 163 call (SPY130921C163)
STO 1 SPY Jul-13 163 put (SPY130720C163) for a debit of $2.48  (buying a calendar)

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