June 6, 2013 Trade Alert - Big Bear Portfolio

We need to get shorter:

BTC 1 SPY JUN1 13 163.5 puts (SPY130607P163.5)
STC 1 SPY Jul-13 167 put (SPY130720P167) for a credit of $4.90 (selling a diagonal)

BTC 1 SPY JUN1 13 163.5 puts (SPY130607P163.5)
STO 1 SPY JUN1 13 161 puts (SPY130607P161) for a debit of $1.73 (buying a vertical)

BTC 3 SPY JUN1 13 163 puts (SPY130607P163)
STO 3 SPY JUN1 13 160 puts (SPY130607P160) for a debit of $1.73 (buying a vertical)

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