September 12, 2013  Trade Alert  -  Big Bear  Portfolio

We are too negative net delta.  This will help:

 

BTC 1 SPY Sep-13 167 call (SPY130921C167)

STC 1 SPY Oct-13 167 call (SPY131019C167) for a credit of $1.08  (selling a calendar)

 

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

 

Happy trading.

 

Terry