May 15, 2013 Trade Alert - Big Bear Portfolio

We are too short:

BTC 2 SPY May-13 165 calls (SPY130518C165)
STO 2 SPY May-13 166 calls (SPY130518C166) for a debit of $.67  (buying a vertical)

BTC 4 SPY May-13 160 puts (SPY130518P160) for $.05 (no commission)

STC 4 SPY Jun-13 160 puts (SPY130622P160) for $.93

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