April 11, 2013 Trade Alert #2 - Dog of Dogs Portfolio

We can collect some additional premium and start moving to next week:

STO 10 VXX Apr2-13 18.5 puts (VXX130412P18.5) for $.24

BTO 10 VXX Apr-13 17.5 puts (VXX130420P17.5) for $.15

BTC 6 VXX Apr2-13 19.5 puts (VXX130412P19.5)
STC 6 VXX May-13 20 puts (VXX130518P20) for a credit of $1.38  (selling a diagonal)

BTC 6 VXX Apr2-13 19.5 puts (VXX130412P19.5)
STO 6 VXX Apr-13 18.5 puts (VXX130420P18.5) for a debit of $.24  (selling a diagonal)

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