May 9, 2013 Trade Alert  - Big Bear Portfolio

We can start rolling to next week and get more neutral net delta:

BTC 4 SPY MAY2 13 160 puts (SPY130510P160) for $.03 (no commission)

STO 4 SPY May-13 160 puts (SPY130518P160) for $.20

BTC 2 SPY MAY2 13 161 puts (SPY130510P161)
STO 2 SPY May-13 161 puts (SPY130518P161) for a credit of $.27  (selling a calendar)

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