What a week. I closed the MICs for July at 4.268% which is a great result considering the whipsaw and challenges that the large gap ups and moves provided towards the end of our last week. It was fortunate we had a big up day today to allow for some volatility to flow out.
The Protector alpha is up about 4% for the year completely hedged vs SPY which is up about 0.6%
My first bearish butterfly went extremely well with a 30% return.