April 2, 2013 Trade Alert - Dog of Dogs Portfolio

We have become positive net delta and have some cash to correct that situation:

BTC 4 VXX APR1-13 22 puts (VXX130405P22)
STO 4 VXX APR1-13 19.5 puts (VXX130405P19.5) for a debit of $1.99  (buying a vertical)

BTC 1 VXX APR1-13 22 put (VXX130405P22)
STC 1 VXX Apr-13 23 put (VXX130420P23) for a credit of $1.10  (selling a diagonal)

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