Setting A CGContext Transparent Background

After UIGraphicsGetCurrentContext() call CGContextClearRect(context,rect)

Edit:
Alright, got it.

Your custom view with the line should have the following:

- (id)initWithFrame:(CGRect)frame {
    if (self = [super initWithFrame:frame]) {
        [self setBackgroundColor:[UIColor clearColor]];
    }
    return self;
}

- (void)drawRect:(CGRect)rect {
    CGContextRef context = UIGraphicsGetCurrentContext();
    CGContextClearRect(context, rect);
    CGContextSetStrokeColorWithColor(context, [UIColor whiteColor].CGColor);
    CGContextSetLineWidth(context, 5.0);
    CGContextMoveToPoint(context, 100.0,0.0);
    CGContextAddLineToPoint(context,100.0, 100.0);
    CGContextStrokePath(context);
}

My test used this as a very basic UIViewController:

- (void)viewDidLoad {
    [super viewDidLoad];
    UIImageView *v = [[UIImageView alloc] initWithFrame:self.view.bounds];
    [v setBackgroundColor:[UIColor redColor]];
    [self.view addSubview:v];
    TopView *t = [[TopView alloc] initWithFrame:self.view.bounds];
    [self.view addSubview:t];
    [v release];
    [t release];
}