APR08 DIA income trade (+84 +25%)

3/19/08
Placed 3 different short verticals and 1 butterfly
see screenshot for details (mark 122.53)

Trade is biased bullish but fairly neutral with a 52% prob of expiring. This postion should offset some of my other income trades with neg delta. short puts are at key capitulation lows and should prove to be stable. Can shave off some risk if the short puts get challenged. Will not loose more than 1.5 of cash flow.

4/03/08
took off the widest spread my PUT vertical:
BTC 117/115 PUT vertical @.10
original credit @.42
+$0.32 gain (1) contract

4/04/08
BTC (2) 116/115 PUT vertical @.03
original credit @.21
+0.18 gain (2) contracts

4/16/08
closed out of the whole trade (see pic for reconcile)
Result +.84 credit overall on ~$325 margin risk = 25% ror