Activity
The portfolio was up +5.92% and the SPX was up + 6.91%. I had positioned the portfolio expecting a bit of a slowdown. Instead the market took off and I had trouble keeping up.
There was no activity in the SPY strategy. The strategy added 709 bps to the overall portfolio return.
The SPX broken wing butterfly strategy was a bit of a mess. These positions were set up expecting a bit of a stalled market and instead the market took off like a rocket. The October position expired. The November position was adjusted twice. The December position was opened and adjusted shortly thereafter. The strategy subtracted 122 bps from the portfolio this month.
The good luck position in Berkshire Hathaway added 5 bps to the portfolio.
Cash was flat.
Portfolio vs Index
