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STATEMENTS OF FINANCIAL CONDITION (Unaudited) (USD $)
Jun. 30, 2011
Dec. 31, 2010
Trading Equity:    
Unrestricted cash $ 64,537,107 $ 79,053,213
Restricted cash 7,843,653 5,052,970
Total cash 72,380,760 84,106,183
Net unrealized gain (loss) on open contracts (MSIP) (255,666) 356,301
Net unrealized loss on open contracts (MS&Co.) (3,598,378) (216,405)
Total net unrealized gain (loss) on open contracts (3,854,044) 139,896
Options purchased (premiums paid $135,056 and $267,400, respectively) 178,422 366,896
Total Trading Equity 68,705,138 84,612,975
Interest receivable (MSSB) 366 5,799
Total Assets 68,705,504 84,618,774
Liabilities:    
Redemptions payable 1,152,427 2,189,794
Accrued brokerage fees (MS&Co.) 355,949 400,033
Accrued management fees 118,650 176,681
Options written (premiums received $68,000 and $58,237, respectively) 68,918 166,225
Total Liabilities 1,695,944 2,932,733
Partners' Capital:    
Limited Partners (6,711,796.206 and 7,633,482.867 Units, respectively) 66,286,607 80,808,446
General Partner (73,202.055 and 82,901.055 Units, respectively) 722,953 877,595
Total Partners' Capital 67,009,560 81,686,041
Total Liabilities and Partners' Capital $ 68,705,504 $ 84,618,774
NET ASSET VALUE PER UNIT (in dollars per unit) $ 9.88 $ 10.59