April 18, 2013 Trade Alert - Dog of Dogs Portfolio

These trades will increase theta and make us less short:

BTC 13 VXX Apr-13 20 puts (VXX130420P20)
STO 13 VXX Apr4-13 20 puts (VXX130426P20) for a credit of $.34  (selling a calendar)

BTC 8 VXX Apr-13 20.5 puts (VXX130420P20.5)
STO 8 VXX Apr4-13 20.5 puts (VXX130426P20.5) for a credit of $.46  (selling a calendar)

BTO 4 VXX May-13 22 puts (VXX130518P22)
STO 4 VXX Apr-13 21.5 puts (VXX130420P21.5) for a debit of $1.74  (buying a calendar)

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