Subject: September 19, 2013 Trade Alert - Big Bear Portfolio
September 19, 2013 Trade Alert - Big Bear Portfolio
We need to get out of this in-the-money short call and start getting set up for next month:
BTC 1 SPY Sep-13 172 call (SPY130921C172)
STC 1 SPY Oct-13 171 call (SPY131019C171) for a credit of $1.97 (selling a diagonal)
BTO 1 SPY Nov-13 173 call (SPY131116C173)
STO 1 SPY Oct-13 173 call (SPY131019C173) for a debit of $1.16 (buying a calendar)
BTO 1 SPY Nov-13 175 call (SPY131116C175)
STO 1 SPY Oct-13 175 call (SPY131019C175) for a debit of $1.04 (buying a calendar)
Be prepared to change these price limits by $.05 or more in order to get an execution.
Happy trading.
Terry
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