May 22, 2013 Trade Alert - Big Bear Portfolio

We are too short:

BTC 2 SPY MAY4 13 163 puts (SPY130524P163)
STC 2 SPY Jun-13 163 puts (SPY130622P163) for a credit of $.86  (selling a calendar)

BTC 2 SPY MAY4 13 167.5 calls (SPY130524C167.5)
STO 2 SPY MAY4 13 169 calls (SPY130524C169) for a debit of $.93 (buying a vertical)

BTO 3 SPY Jun-13 169 puts (SPY130622P169)
STO 3 SPY MAY4 13 168.5 puts (SPY130524P168.5) for a debit of $2.17  (buying a diagonal)

BTC 2 SPY MAY4 13 167 calls (SPY130524C167)
STC 2 SPY Jun-13 165 calls (SPY130622C165) for a credit of $2.70  (selling a diagonal)

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