April 17, 2013 Trade Alert - Dog of Dogs Portfolio

We need to get longer:

BTC 8 VXX Apr-13 18.5 puts (VXX130420P18.5)
STO 8 VXX Apr4-13 18.5 puts (VXX130426P18.5) for a credit of $.21  (selling a calendar)

BTC 8 VXX Apr-13 18.5 puts (VXX130420P18.5)
STC 8 VXX May-13 19 puts (VXX130518P19) for a credit of $.95  (selling a diagonal)

BTO 8 VXX May-13 21 puts (VXX130518P21)
STO 8 VXX Apr-13 20.5 puts (VXX130420P20.5) for a debit of $1.40  (buying a diagonal)

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