May 7, 2013 Trade Alert - Dog of Dogs Portfolio

We are a little exposed on the downside:

BTC 8 VXX MAY2 13 19.5 puts (VXX130510P19.5)
STC 8 VXX May-13 20 puts (VXX130518P20) for a credit of $.61  (selling a diagonal)

BTO 5 VXX Jun-13 18 puts (VXX130622P18)
STO 5 VXX MAY2 13 18 puts (VXX130510P18) for a debit of $1.20  (buying a calendar)

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