May 23, 2013 Trade Alert - Big Bear Portfolio

The stock has come back a little but we are still positive net delta:

BTC 2 SPY MAY4 13 168.5 puts (SPY130524P168.5)
STO 2 SPY MAY4 13 165.5 puts (SPY130524P165.5) for a debit of $2.33  (buying a vertical)

BTC 1 SPY MAY4 13 168.5 put (SPY130524P168.5)
STC 1 SPY Jun-13 169 put (SPY130622P169) for a credit of $1.90  (selling a diagonal)
 
BTC 2 SPY MAY4 13 169 calls (SPY130524C169) for $.02 (no commission)
 
STC 2 SPY Jun-13 168 calls (SPY130622C168) for $1.14
 
Be prepared to change these price limits by $.05 or more in order to get an execution.
 
Happy trading.
 
Terry