May 23, 2013 Trade Alert #2 - Big Bear Portfolio

We are still positive net delta:

BTC 2 SPY MAY4 13 166 puts (SPY130524P166)
STO 2 SPY MAY5 13 164.5 puts (SPY130524P164.5) for a debit of $.14  (selling a diagonal)
 
BTC 4 SPY MAY4 13 168 calls (SPY130524C168) for $.04 (no commission)
 
STC 2 SPY Jun-13 167 calls (SPY130622C167) for $1.37

STC 2 SPY Jun-13 168 calls (SPY130622C168) for $1.00

BTO 2 SPY Jun-13 165 calls (SPY130622C165)
STO 2 SPY May4-13 165.5 calls (SPY130524C165.5) for a debit of $1.95  (buying a diagonal) 

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