FEB/MAR diagonal SPY (+61%)

1/09/08
bot +1 -FEB/+MAR -135/+138 PUT SPY diagonal @2.77 debit
The use for this trade was to add some negative deltas and some extra cushion to the downside. Will watch the upside as today we did get a whiplash to the upside in the final hours of trading. will take off when my positive deltas get out of whack. But will want to try and keep my postions biased to the short. This trade is fairly dosile and won't need very close watch.

2/11/08
sold -1 feb/mar 135/138 PUT spy diag. @4.48
originally bot for 2.77
net profit = 1.71 or 61% yeild