Activity
The portfolio was down -1.14% and the SPX was down -4.76%. This was one of those months where the SPX hedges really proved their worth.
In the SPY strategy, the Oct SPY position was closed and a Dec SPY position was opened. This strategy subtracted 671 bps from the portfolio for the month.
In the SPX broken wing butterfly strategy, the Sep position was closed. The Oct position’s delta was flattened out and I am just waiting for those contracts to expire. A Nov position was added. For the month, this strategy added 562 bps to the portfolio.
The good luck position in Berkshire Hathaway subtracted 5 bps from the portfolio.
Cash was flat.
Portfolio vs Index
