Managed Futures Program Description:
The Commodity Trading Advisor (CTA) trend following portion of the program may utilize short-term, medium-term or long-term positions. The program may trade both the long and short sides of the market. The principal objective is to profit from sustained futures price trends. The enhancement from the option trading for this program is based primarily on writing out-of-the-money call and put options with the expectation that the options will either be bought back at a lower price or expire. In an effort to control risk, based on a proprietary risk control system, the trader will roll out of positions either vertically (to a further month) or diagonally (further out-of-the-money), as determined by current market conditions.