May 6, 2013 Trade Alert - Dog of Dogs Portfolio

We need to get shorter:

BTC 4 VXX MAY2 13 20 puts (VXX130510P20)
STC 4 VXX Jun-13 20 puts (VXX130622P20) for a credit of $1.12  (selling a calendar)

BTC 6 VXX MAY2 13 20 puts (VXX130510P20)
STC 6 VXX May-13 20 puts (VXX130518P20) for a credit of $.23  (selling a calendar)

BTO 10 VXX May5-13 18 puts (VXX130531P18)
STO 10 VXX MAY2 13 18 puts (VXX130510P18) for a debit of $.69  (buying a calendar)

BTO 15 VXX MAY2 13 17.5 puts (VXX130510P17.5) for $..07

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