April 22, 2013 Trade Alert - Dog of Dogs Portfolio

We need to get shorter:

BTC 5 VXX APR4 13 21.5 puts (VXX130426P21.5)
STO 5 VXX APR4 13 19.5 puts (VXX130426P19.5) for a debit of $1.32  (buying a vertical)

BTC 5 VXX APR4 13 21.5 puts (VXX130426P21.5)
STC 5 VXX May-13 22 puts (VXX130518P22) for a credit of $ 1.13 (selling a diagonal)

BTO 4 VXX May-13 19 puts (VXX130518P19)
STO 4 VXX APR4 13 19 puts (VXX130426P19) for a debit of $.69  (buying a calendar)

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