Subject: April 18, 2013 Trade Alert - Big Bear Portfolio

April 18, 2013 Trade Alert - Big Bear Portfolio

April 18th, 2013 at 7:22 am EDT

April 18, 2013 Trade Alert - Big Bear Portfolio If we roll over these in-the-money lower-strike short puts for next week, we will be able to sell the long puts and still remain comfortably negative net delta: BTC 5 SPY Apr-13 156 puts (SPY130420P156) ...

April 17, 2013 Trade Alert #3 - Big Bear Portfolio

April 17th, 2013 at 11:15 am EDT

April 17, 2013 Trade Alert #3 - Big Bear Portfolio These trades will increase theta and make us more neutral net delta: BTC 3 SPY Apr-13 157 calls (SPY130420C157) STC 3 SPY May-13 157 calls (SPY130518C157) for a credit of $1.40 (selling a calendar) ...

April 17, 2013 Trade Alert #2 - Big Bear Portfolio

April 17th, 2013 at 7:11 am EDT

April 17, 2013 Trade Alert #2 - Big Bear Portfolio We have become positive net delta once again: BTC 1 SPY Apr-13 157 put (SPY130420P157)STC 1 SPY May-13 160 put (SPY130518P160) for a credit of $3.32 (selling a diagonal) BTC 3 SPY Apr-13 156.5 put ...

April 17, 2013 Trade Alert - Big Bear Portfolio

April 17th, 2013 at 6:26 am EDT

April 17, 2013 Trade Alert - Big Bear Portfolio We have become positive net delta: BTC 3 SPY Apr-13 158 calls (SPY130420C158)STC 3 SPY May-13 158 calls (SPY130518C158) for a credit of $1.26 (selling a calendar) BTC 1 SPY Apr-13 158 put (SPY130420P1 ...

April 16, 2013 Trade Alert #2 - Big Bear Portfolio

April 16th, 2013 at 9:55 am EDT

April 16, 2013 Trade Alert #2 - Big Bear Portfolio We need to get a little longer: STO 1 SPY Apr-13 157.5 puts (SPY130420P157.5) for $.98 STO 1 SPY Apr-13 158 puts (SPY130420P158) for $1.25 BTO 3 SPY May-13 158 calls (SPY130518C158)STO 3 SPY Apr-13 ...

April 16, 2013 Trade Alert - Big Bear Portfolio

April 16th, 2013 at 6:38 am EDT

April 16, 2013 Trade Alert - Big Bear Portfolio We have become positive net delta: BTC 3 SPY Apr-13 158.5 calls (SPY130420C158.5)STO 3 SPY Apr-13 157 calls (SPY130420C157) for a credit of $.42 (selling a vertical) BTC 2 SPY Apr-13 158 puts (SPY13042 ...

April 15, 2013 Trade Alert - Big Bear Portfolio

April 15th, 2013 at 6:38 am EDT

April 15, 2013 Trade Alert - Big Bear Portfolio We have spare cash that we can put to work: BTO 3 SPY May-13 156 puts (SPY130518P156)STO 3 SPY Apr-13 156 puts (SPY130420P156) for a debit of $1.21 (buying a calendar) Be prepared to change this price ...

April 12, 2013 Trade Alert #2 - Big Bear Portfolio - Corrected to 2

April 12th, 2013 at 9:17 am EDT

April 12, 2013 Trade Alert #2 - Big Bear Portfolio These trades will complete the job of getting us set up for next week: BTC 2 SPY APR2 13 158 puts (SPY130412P158) for $.04 (no commission) STO 2 SPY Apr-13 158 puts (SPY130420P158) for $.62 Be pre ...

April 12, 2013 Trade Alert #2 - Big Bear Portfolio

April 12th, 2013 at 9:15 am EDT

April 12, 2013 Trade Alert #2 - Big Bear Portfolio These trades will complete the job of getting us set up for next week: BTC 3 SPY APR2 13 158 puts (SPY130412P158) for $.04 (no commission) STO 3 SPY Apr-13 158 puts (SPY130420P158) for $.62 Be pre ...

April 12, 2013 Trade Alert - Big Bear Portfolio

April 12th, 2013 at 7:35 am EDT

April 12, 2013 Trade Alert - Big Bear Portfolio These will get us started and flatten out the net delta: BTC 3 SPY APR2 13 160 calls (SPY130412C160) for $.01 (no commission) STO 3 SPY Apr-13 158.5 calls (SPY130420C158.5) for $.81 BTC 2 SPY APR2 13 15 ...