April 17, 2013 Trade Alert #2  - Dog of Dogs Portfolio

We need to get longer:

BTC 9 VXX Apr-13 19 puts (VXX130420P19)
STC 9 VXX May-13 19 puts (VXX130518P19) for a credit of $.74  (selling a calendar)

BTC 3 VXX Apr-13 19 puts (VXX130420P19) for $.07

BTC 5 VXX Apr-13 19.5 puts (VXX130420P19.5)
STC 5 VXX May-13 20 puts (VXX130518P20) for a credit of $1.18  (selling a diagonal)

BTO 10 Apr-13 21.5 calls (VXX130420C21.5)
STO 20 Apr-13 23 calls (VXX130420C23)
BTO 10 Apr-13 24 calls (VXX130420C24) for a debit of $.27  (buying a butterfly)

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