December 19, 2013 Trade Alert - Terry’s Trades Portfolio

These trades might rescue some of our loss:

BTC 2 SPY Dec-13 177 puts (SPY131221P177)
STC 2 SPY Jan-14 177 puts (SPY140118P177) for a credit of $1.14  (selling a calendar)

BTC 2 SPY Dec-13 177 puts (SPY131221P177)
STO 2 SPY Dec-13 181 puts (SPY131221P181) for a credit of $.82  (selling a vertical)

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