April 23, 2013 Trade Alert - Dog of Dogs Portfolio

We need to get shorter:

BTC 5 VXX APR4 13 21 puts (VXX130426P21)
STC 5 VXX May-13 22 puts (VXX130518P22) for a credit of $1.15  (selling a diagonal)

BTC 4 VXX APR4 13 21 puts (VXX130426P21)
STC 4 VXX May-13 21 puts (VXX130518P21) for a credit of $.61  (selling a calendar)

BTC 6 VXX APR4 13 20.5 puts (VXX130426P20.5)
STC 6 VXX May-13 21 puts (VXX130518P21) for a credit of $1.06  (selling a diagonal)

BTO 10 VXX May-13 19 puts (VXX130518P19)
STO 10 VXX APR4 13 19 puts (VXX130426P19) for a debit of $.79  (buying a calendar)

BTO 10 VXX May-13 19 puts (VXX130518P19)
STO 10 VXX APR4 13 18.5 puts (VXX130426P18.5) for a debit of $1.03  (buying a diagonal)

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