September 30, 2013 Trade Alert - Big Bear Portfolio

We need to get shorter:

BTC 1 SPY Oct-13 173 call (SPY131019C173)
STC 1 SPY Nov-13 173 call (SPY131116C173) for a credit of $.80  (selling a calendar)

BTC 1 SPY Oct-13 170 put (SPY131019P170)
STC 1 SPY Nov-13 170 put (SPY131116P170) for a credit of $1.13  (selling a calendar)

BTC 1 SPY Oct-13 169 put (SPY131019P169)
STO 1 SPY Oct-13 164 put (SPY131019P164) for a debit of $1.74  (buying a vertical)

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