Out of SPY Aug 30 '13 $166 Puts @ $1.87 + Into More SPXU Sep 21 '13 $22 Calls @ $1.17...

$0.30 per share gain on SPY...

Figured if the Buy the Dippers get fervent again, I'll have less money at risk with the SPXU $22 calls...

Plus, if this is the turn of the trend and if we're going down some more, SPXU will give me more bang for the buck...