Since the thread started by Mark_nyc intrigued me, I wanted to make a weekly post of the short straddle I entered on March 20, 2008. I initially placed the following order, using the ES (s&p 500 emini) futures as the underlying: Sold 1 Call APR08 ES 1325 and sold 1 PUT APR 08 ES 1325. The total premium received was 75.25. The total dollar amount was $3,763.00. The initial margin for this trade was $6,500.00 with maintenance margin at $6,000.00. As of the close on March 28, 2008, the total premium was 62.50. The total dollar profit to date is $634.00. The current maintenance margin is $5,629. The ES futures traded as follows: Hi for the week: 1365.50; Lo: 1313.75; Close: 1319. I will continue to update this trade until Expiration Friday.