All Bull Put and Bear Call Spread trades expired worthless on Friday December 15th. Bull Put Spreads trades on the 3 Indexes were traded first followed by 2 Bear Call Spread trades on the NDX Index. Bear Call Spreads on the SPX and RUT Indexes were to risky this month for this strategy.
The total return this month was 2.9%($115/$3.905). All credit premiums collected totaled $115 (20+25+30+20+20) and $3,905 (980+975+970+980) margin was required per contract. Those who traded 10 contracts per spread collected credits totaling $1,115, those trading 20 contracts $2,230. These are the returns and cash flows I expect to receive consistently each and every month. The return will be higher in months when Iron Condors can be completed on each Index. In December we had one Iron Condor completed on the NDX Index.
Click to view details of these December trades that Expired worthless.
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