June 5, 2013 Trade Alert - Big Bear Portfolio

We need to get shorter:

BTC 2 SPY JUN1 13 165.5 calls (SPY130607C165.5)
STO 2 SPY JUL-13 164 calls (SPY130720C164) for a credit of $2.35 (selling a diagonal)

BTC 2 SPY JUN1 13 164.5 puts (SPY130607P164.5)
STO 2 SPY JUN1 13 162 puts (SPY130607P162) for a debit of $1.15  (buying a vertical)

BTO 1 SPY JUL 13 161 put (SPY130720P161)
STO 1 SPY JUN1 13 161 put (SPY130607P161) for a debit of $2.54  (buying a calendar)

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