Activity
The portfolio was up +1.01% and the SPX was up +2.90% for the month. I kind of figured the market was starting to slow down and I thought it prudent to pull back on the exposure. I was wrong. Oh well.
In the SPY strategy, there was no activity. This strategy added 271 bps to the overall portfolio return for the month.
In the SPX broken wing butterfly strategy, the August options expired at 0.00. I made multiple adjustments to the September position and I added an October position. For the month, this strategy subtracted 173 bps from the portfolio.
The good luck position in Berkshire Hathaway added 3 bps to the portfolio.
Cash was flat
Portfolio vs Index
