For the December cycle we took in an average premium of $1.20 per contract. We expect to generate 13.63% return if everything works as planned and we don't have to adjust. So far the portfolio is up 2.56% with 24 days left to expiration.
Our contract size is 50 contracts, so those trading a smaller account should adjust their positions according. Please, do not be fully invested and always hold 50% of the account size in cash, in case we have to adjust. Because there are certainly occasions we will have to adjust the positions to stay away from danger and to keep our delta's within sensible risk criteria.
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