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