Subject: May 22, 2013 Trade Alert - Big Bear Portfolio

May 22, 2013 Trade Alert - Big Bear Portfolio

May 22nd, 2013 at 6:37 am EDT

May 22, 2013 Trade Alert - Big Bear Portfolio We are too short: BTC 2 SPY MAY4 13 163 puts (SPY130524P163)STC 2 SPY Jun-13 163 puts (SPY130622P163) for a credit of $.86 (selling a calendar) BTC 2 SPY MAY4 13 167.5 calls (SPY130524C167.5)STO 2 SPY MA ...

May 21, 2013 Trade Alert - Big Bear Portfolio

May 21st, 2013 at 5:57 am EDT

May 21, 2013 Trade Alert - Big Bear Portfolio We are a little too short and can put some excess cash to work: BTC 2 SPY May4-13 166.5 calls (SPY130524C166.5)STO 2 SPY May4-13 167.5 calls (SPY130524C167.5) for a debit of $.60 (buying a vertical) BTO ...

May 17, 2013 Trade Alert - Big Bear Portfolio

May 17th, 2013 at 10:09 am EDT

May 17, 2013 Trade Alert - Big Bear Portfolio These trades will complete the job of getting us set up for next week: BTC 1 SPY May-13 165 puts (SPY130518P165) for $.03 (no commission) STO 1 SPY May4-13 165 put (SPY130524P165) for $.58 BTC 2 SPY May- ...

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

May 16th, 2013 at 10:21 am EDT

May 16, 2013 Trade Alert #2 - Big Bear Portfolio We need to create a little cash: BTC 2 SPY May-13 163 puts (SPY130518P163) for $.03 (no commission) STO 2 SPY May4-13 163 puts (SPY130524P163) for $.33 Be prepared to change this price limit by $.02 o ...

May 16, 2013 Trade Alert - Big Bear Portfolio

May 16th, 2013 at 8:27 am EDT

May 16, 2013 Trade Alert - Big Bear Portfolio In-the-money short options might haunt us at the monthly expiration tomorrow: BTC 2 SPY May-13 165.5 calls (SPY130518C165.5)STO 2 SPY May4-13 166.5 calls (SPY130524C166.5) for a debit of $.00 (selling a d ...

May 15, 2013 Trade Alert - Big Bear Portfolio

May 15th, 2013 at 8:01 am EDT

May 15, 2013 Trade Alert - Big Bear Portfolio We are too short: BTC 2 SPY May-13 165 calls (SPY130518C165)STO 2 SPY May-13 166 calls (SPY130518C166) for a debit of $.67 (buying a vertical) BTC 4 SPY May-13 160 puts (SPY130518P160) for $.05 (no commi ...

May 14, 2013 Trade Alert - Big Bear Portfolio

May 14th, 2013 at 6:30 am EDT

May 14, 2013 Trade Alert - Big Bear Portfolio In-the-money short options can end up hurting us if the stock continues to move higher: BTC 2 SPY May-13 164 calls (SPY130518C164)STO 2 SPY May-13 165.5 calls (SPY130518C165.5) for a debit of $.77 (buying ...

May 10, 2013 Trade Alert - Big Bear Portfolio

May 10th, 2013 at 11:41 am EDT

May 10, 2013 Trade Alert - Big Bear Portfolio These trades will get us set up for next week: BTC 2 SPY May2-13 162 puts (SPY130510P162) for $.02 (no commission) STO 2 SPY May-13 162 puts (SPY130518P162) for $.52 BTC 2 SPY May2-13 163 puts (SPY13051 ...

May 9, 2013 Trade Alert - Big Bear Portfolio

May 9th, 2013 at 9:40 am EDT

May 9, 2013 Trade Alert - Big Bear Portfolio We can start rolling to next week and get more neutral net delta: BTC 4 SPY MAY2 13 160 puts (SPY130510P160) for $.03 (no commission) STO 4 SPY May-13 160 puts (SPY130518P160) for $.20 BTC 2 SPY MAY2 13 1 ...

May 8, 2013 Trade Alert - Big Bear Portfolio

May 8th, 2013 at 7:12 am EDT

May 8, 2013 Trade Alert - Big Bear Portfolio We need to get longer: BTO 4 SPY Jun-13 163 puts (SPY130622P163)STO 4 SPY May2-13 163 puts (SPY130510P163) for a debit of $2.35 (buying a calendar) BTC 2 SPY May2-13 159 puts (SPY130510P159) for $.05 (no ...