May 8, 2013 Trade Alert - Big Bear Portfolio

We need to get longer:

BTO 4 SPY Jun-13 163 puts (SPY130622P163)
STO 4 SPY May2-13 163 puts (SPY130510P163) for a debit of $2.35  (buying a calendar)

BTC 2 SPY May2-13 159 puts (SPY130510P159) for $.05 (no commission)

STC 2 SPY Jun-13 159 puts (SPY130622P159) for $1.43

BTC 3 SPY MAY2 13 162 calls (SPY130510C162)
STC 3 SPY Jun-13 162 calls (SPY130622C162) for a credit of $1.82  (selling a calendar)

BTC 2 SPY MAY2 13 162.5 calls (SPY130510C162.5)
STO 2 SPY May-13 164 calls (SPY130518C164) for a debit of $.32  (selling a diagonal)

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