If the Deutsche Mark were to remain neutral with stable volatility, we would sell off the 400 futures contracts as well as 400 more-out-of-the-money calls and puts.  This position allows us to profit off stability. The position is within loss limits of 1.28 standard deviations.  Maximum profit is $250,000, well within stable volatility range.  Loss at lower end equals $462,500, higher end equals $500,000.  Lower and higher end margins are 1.7% and 1.8%, respectively.