Subject: May 24, 2013 Trade Alert - Big Bear Portfolio

May 24, 2013 Trade Alert - Big Bear Portfolio

May 24th, 2013 at 6:39 am EDT

May 24, 2013 Trade Alert - Big Bear Portfolio We are positive net delta: BTC 2 SPY MAY4 13 165.5 puts (SPY130524P165.5)STO 2 SPY May5-13 164 puts (SPY130531P164) for a debit of $1.13 (selling a diagonal) BTC 1 SPY MAY4 13 165.5 put (SPY130524P165.5)S ...

May 23, 2013 Trade Alert #2 - Big Bear Portfolio

May 23rd, 2013 at 9:47 am EDT

May 23, 2013 Trade Alert #2 - Big Bear Portfolio We are still positive net delta: BTC 2 SPY MAY4 13 166 puts (SPY130524P166)STO 2 SPY MAY5 13 164.5 puts (SPY130524P164.5) for a debit of $.14 (selling a diagonal) BTC 4 SPY MAY4 13 168 calls (SPY130524 ...

May 23, 2013 Trade Alert - Big Bear Portfolio

May 23rd, 2013 at 8:31 am EDT

May 23, 2013 Trade Alert - Big Bear Portfolio The stock has come back a little but we are still positive net delta: BTC 2 SPY MAY4 13 168.5 puts (SPY130524P168.5)STO 2 SPY MAY4 13 165.5 puts (SPY130524P165.5) for a debit of $2.33 (buying a vertical) ...

May 22, 2013 Trade Alert #2 - Big Bear Portfolio

May 22nd, 2013 at 8:10 am EDT

May 22, 2013 Trade Alert #2 - Big Bear Portfolio We are too short once again: BTC 2 SPY MAY4 13 162.5 puts (SPY130524P162.5) for $.04 (no commission) STC 2 SPY Jun-13 163 puts (SPY130622P163) for a credit of $.93 Be prepared to change this price li ...

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 ...