June 4, 2013 Trade Alert - Big Bear Portfolio

We have become too short:

BTC 2 SPY JUN1 13 164 calls (SPY130607C164)
STO 2 SPY JUN1 13 165.5 calls (SPY130607C165.5) for a debit of $.91 (buying a vertical)

BTC 2 SPY JUN1 13 162 puts (SPY130607P162)
STO 2 SPY JUN1 13 164.5 puts (SPY130607P164.5) for a credit of $.58  (selling a vertical)

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