AFB LLC : FortyEighters Gold Options Program
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definitions page
Year-to-Date
9.95%
Jan -9.95%
|
Min. Investment |
$ 50k |
Inception |
Mar 2009 |
Assets |
$ 1.1M |
|
Mgmt Fee |
2.00% |
Sharpe (RFR=1%)
|
0.22
|
Worst DD |
-45.96 |
|
Perf Fee |
20.00% |
CAROR |
-1.71% |
S&P Correlation |
0.08 |
Performance
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD | DD |
| 2012 | -9.95 | | | | | | | | | | | | -9.95 | -9.95 |
| 2011 | -2.99 | 2.35 | -4.49 | 6.46 | -0.34 | -5.36 | 5.05 | -1.41 | -37.02 | 4.40 | -8.62 | 5.64 | -37.40 | -41.31 |
| 2010 | -3.00 | -0.11 | 10.29 | 5.99 | 16.83 | 1.21 | 1.26 | 3.23 | 5.14 | 2.07 | -1.65 | -2.53 | 44.02 | -4.14 |
| 2009 | | | 7.94 | 7.98 | -4.78 | 6.87 | 2.48 | -6.66 | 6.30 | 6.89 | -44.10 | 62.57 | 17.15 | -44.10 |
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. THE RISK OF LOSS
IN TRADING COMMODITY FUTURES, OPTIONS, AND FOREIGN EXCHANGE ("FOREX") IS SUBSTANTIAL.
Strategy Description
Summary
There is unlimited risk of loss associated with writing short option contracts. The FortyEighters Gold Options Program is a discretionary short, medium and long-term options managed futures trading program that seeks to generate absolute returns by taking advantage of price ranges in the Comex Gold and Silver futures markets. The program consists of writing short (selling) call and put option positions with the goal of profiting from time decay. While risk can never be eliminated, when necessary, the program buys option puts and calls to protect core trades with the goal of minimizing overall risk. Gold and Silver futures may be incorporated to help reduce risk in volatile markets. In times of increased volatility, the program may establish a “gamma long” position of long calls and puts to become long premium, attempting to take advantage of the increased volatility spikes in the market while minimizing risk exposure. The goal is a monthly return of 2-4%, although individual account performance will vary depending on the timing of entry into the program. Depending on liquidity, option orders will either be placed directly to the Comex Gold/Silver pits or placed electronically.
Investment Strategy
The FortyEighters Gold Options Program is a discretionary short, medium and long-term options trading program that seeks to generate absolute returns by taking advantage of price ranges in the Comex Gold and Silver futures markets. The program consists of writing short (selling) call and put option positions with the goal of profiting from time decay. THERE IS SUBSTANTIAL RISK OF LOSS IN TRADING OPTIONS ON FUTURES AND FUTURES AND SUCH TRADING IS NOT SUITABLE FOR EVERY INVESTOR.
Risk Management
While risk can never be eliminated, when necessary, the program buys option puts and calls to protect core trades with the goal of minimizing overall risk. Gold and Silver futures may be incorporated to help reduce risk in volatile markets. In times of increased volatility, the program may establish a “gamma long” position of long calls and puts to become long premium, attempting to take advantage of the increased volatility spikes in the market while minimizing risk exposure.
