May 29, 2013 Trade Alert - Big Bear Portfolio

We have become long:

BTC 2 SPY MAY5 13 167 puts (SPY130531P167)
STC 2 SPY Jun-13 169 puts (SPY130622P169) for a credit of $3.02  (selling a diagonal)

BTC 1 SPY MAY5 13 167 puts (SPY130531P167)
STO 1 SPY MAY5 13 164 puts (SPY130531P164) for a debit of $.87  (buying a vertical)

BTC 2 SPY MAY5 13 166.5 puts (SPY130531P166.5)
STO 2 SPY MAY5 13 164.5 puts (SPY130531P164.5) for a debit of $1.25  (buying a vertical)

BTC 2 SPY MAY5 13 167.5 calls (SPY130531C167.5)
STO 2 SPY MAY5 13 166 calls (SPY130531C166) for a credit of $.22  (selling a vertical)

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