-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 E982p1L4C8bhp/m3ubJIUbTzBI+w7YQgzvX4f38FrdUBtecrvDfSUplKQHBGgb4F
 Up7FKWtFHgNsiZgc9PBanQ==

<SEC-DOCUMENT>0000929638-09-000993.txt : 20090605
<SEC-HEADER>0000929638-09-000993.hdr.sgml : 20090605
<ACCEPTANCE-DATETIME>20090604181607
ACCESSION NUMBER:		0000929638-09-000993
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20090605
DATE AS OF CHANGE:		20090604
EFFECTIVENESS DATE:		20090605

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Diamond Peak Traders LP
		CENTRAL INDEX KEY:			0001413624
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-109075
		FILM NUMBER:		09875133

	BUSINESS ADDRESS:	
		STREET 1:		c/o Diamond Peak Capital, LLC
		STREET 2:		774 Mays Boulevard, #10-463
		CITY:			Incline Village
		STATE:			NV
		ZIP:			89451
		BUSINESS PHONE:		(775) 833-1762

	MAIL ADDRESS:	
		STREET 1:		c/o Diamond Peak Capital, LLC
		STREET 2:		774 Mays Boulevard, #10-463
		CITY:			Incline Village
		STATE:			NV
		ZIP:			89451
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0401</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001413624</cik>
        <entityName>Diamond Peak Traders LP</entityName>
        <issuerAddress>
            <street1>C/O DIAMOND PEAK CAPITAL, LLC</street1>
            <street2>876 Freels Peak</street2>
            <city>INCLINE VILLAGE</city>
            <stateOrCountry>NV</stateOrCountry>
            <zipCode>89451</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>(775) 833-1762</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2007</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Christopher</firstName>
                <middleName>S.</middleName>
                <lastName>Jones</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>876 Freels Peak</street1>
                <city>Incline Village</city>
                <stateOrCountry>NV</stateOrCountry>
                <zipCode>89451</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Managing Principal, CCO</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Steven</firstName>
                <middleName>G.</middleName>
                <lastName>Sapourn</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>876 Freels Peak</street1>
                <city>Incline Village</city>
                <stateOrCountry>NV</stateOrCountry>
                <zipCode>89451</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Portfolio Manager, Managing Member</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Hedge Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>9999999997-07-043495</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2007-11-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>250000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>7802200</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse>Limited Partnership Interests</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>31</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Diamond Peak Traders LP</issuerName>
                <signatureName>/s/ Christopher S. Jones</signatureName>
                <nameOfSigner>Christopher S. Jones</nameOfSigner>
                <signatureTitle>Managing Principal</signatureTitle>
                <signatureDate>2009-06-03</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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