April 8, 2013 Trade Alert - Dog of Dogs Portfolio

We should use our spare cash to get some downside protection:

BTO 4 VXX May-13 19 puts (VXX130518P19)
STO 4 VXX APR2 13 19 puts (VXX130412P19) for a debit of $1.10  (buying a calendar)

BTC 4 VXX APR2 13 21 puts (VXX130412P21)
STO 4 VXX APR2 13 19 puts (VXX130412P19) for a debit of $1.38  (buying a vertical)

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