I closed my 840/850 BCS by buying for $0.15. Now I am open on the bull put side (750/740) which is currently selling for $0.70 and there are 2 more week for the expiration. It is still above my threshold so I don’t want to buy this back yet.

With this purchase of BCS now I have already collected $2400 out of $3100 possible credit. That makes my profit to 34% already.

As I had mentioned earlier in one of the post that December is tough month for market neutral traders. I played a double diagonal IWM on December quarterly. It paid-off very nicely giving me 21.2% in about 5wks holding period. The original trade was opened for $0.20 credit/dd. Margin required/dd was $180 ($200-$20).

Both short options 81 call and 76 put expired worthless yielding addition $0.225/dd premium. Overall returns are $42.5/DD i.e. 21.25%.

I still have both long options i.e. 83 call and 74 puts which I shall sell asap.

Even though this month mostly was a travel month, the returns are beautiful. December, my portfolio grew by 5.37%, bringing overall return in the past 4months, since I started tracking, to >13%. The winners for this month were my double diagonal on IWM and calendar spread on XOM. I shall be posting details of IWM diagonal separately.