Re: treading lightly....
I fold the flop. Once SB calls, someone has to have the diamond draw out there and there is the chance of being outkicked or an overpair. If SB folded, I would call the flop and lead the turn.
I have a hard time believing that SB checked a flush 2x and button would probably have fired a bet on the turn if he hit his flush or set vs two opponents. I agree and lead the river for $200, but i'm not sure what calls us. AQ, KT or AK maybe, but I expect any other 2 pair to call and a flush to raise us.
I fold to any raise.
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