April 16, 2013 Trade Alert #2 - Dog of Dogs Portfolio

We are too negative net delta and have spare cash we can put to work:

BTC 12 VXX Apr-13 18 puts (VXX130420P18) for $.04 (no commission)

STC 12 VXX May-13 18 puts (VXX130518P18) for $.64

BTO 8 VXX May-13 21 puts (VXX130518P21)
STO 8 VXX Apr-13 20.5 puts (VXX130420P20.5) for a debit of $1.32  (buying a diagonal)

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