Subject: April 9, 2013 Trade Alert - Dog of Dogs Portfolio
April 9, 2013 Trade Alert - Dog of Dogs Portfolio
We continue to need downside protection:
BTO 4 VXX May-13 19 puts (VXX130518P19)
STO 4 VXX APR2 13 19 puts (VXX130412P19) for a debit of $1.08 (buying a calendar)
BTC 5 VXX APR2 13 21 puts (VXX130412P21)
STC 5 VXX Apr-13 22 puts (VXX130420P22) for a credit of $1.14 (selling a diagonal)
BTO 20 VXX APR2 13 18.5 puts (VXX130412P18.5) for $.04
Be prepared to change these price limits by $.05 or more in order to get an execution.
Happy trading.
Terry
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