April 10, 2013 Trade Alert - Dog of Dogs Portfolio

We need to get shorter:

BTC 1 VXX APR2 13 21 put (VXX130412P21)
STC 1 VXX Apr-13 21 put (VXX130420P21) for a credit of $.16  (selling a calendar)

BTC 4 VXX APR2 13 20.5 puts (VXX130412P20.5)
STC 4 VXX Apr-13 21 puts (VXX130420P21) for a credit of $65  (selling a diagonal)

BTC 5 VXX APR2 13 20.5 puts (VXX130412P20.5)
STC 5 VXX Apr-13 20 puts (VXX130420P20) for a debit of $.22  (selling a diagonal)

BTC 7 VXX APR2 13 20.5 puts (VXX130412P20.5)
STC 7 VXX May-13 21 puts (VXX130518P21) for a credit of $1.33  (selling a diagonal)

BTO 10 VXX May-13 19 puts (VXX130518P19)
STC 10 VXX APR2 13 18.5 puts (VXX130412P18.5) for a debit of $1.44  (buying a diagonal)

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