May 21, 2013 Trade Alert - Big Bear Portfolio

We are a little too short and can put some excess cash to work:

BTC 2 SPY May4-13 166.5 calls (SPY130524C166.5)
STO 2 SPY May4-13 167.5 calls (SPY130524C167.5) for a debit of $.60  (buying a vertical)

BTO 2 SPY Jun-13 168 calls (SPY130622C168)
STO 2 SPY May4-13 168 calls (SPY130524C168) for a debit of $1.28  (buying a calendar)

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