Back from overseas and west coast

I’m back from my travels. The market has moved much higher and in a faster time period than I thought and the performance from the leverage in our options positions has led us today to the decision to start taking profits on 70% of our portfolio which we execute opportunistically till the end of the month. We think the market still has about 2-3% upside till the end of the year but this has been a market in which taking profits has proven to be a good strategy.

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