GrowthPoint Investments, LLC : Iron Condor Need help with terms? Snapshot Strategy Charts Statistics & Ratios Performance Tables Badges Show All Year-to-Date N / A May Performance -7.26% Min Investment $ 50k Mgmt. Fee 2.00% Perf. Fee 20.00% Annualized Vol 21.41% Sharpe (RFR=1%) 0.23 CAROR 3.21% Assets $ 352k Worst DD -36.02 S&P Correlation 0.22 Add Alert Add to Blender Add to Portfolio Add to Watchlist Print Page Growth of 1,000 - VAMI Monthly Performance Export Data Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD DD Past performance is not necessarily indicative of future results. The risk of loss in trading commodity futures, options, and foreign exchange ("forex") is substantial. Period Returns Program / Index May Qtr YTD 1yr 3yr 5yr 10yr Since1/2006 Iron Condor -7.26 - - - - - -9.86 22.47 S&P 500 -6.27 - - - - - 22.77 217.12 +/- S&P 500 -0.99 - - - - - -32.63 -194.66 Strategy Description SummaryThe Iron Condor program is a premium selling strategy that is currently trading exclusively on the large S&P pit-traded contract. The strategy is to sell premium on the put side only. This credit spread is fully covered and the risks are known in advance. There are no naked short... Read More Account & Fees Type Managed Account Minimum Investment $ 50k Trading Level Incremental Increase $ 0k CTA Max Funding Factor Management Fee 2.00% Performance Fee 20.00% Average Commission $15.00 Available to US Investors Yes Subscriptions High Water Mark Yes Subscription Frequency Redemption Frequency Investor Requirements Any Investor Lock-up Period 0 Trading Trading Frequency 9000 RT/YR/$M Avg. Margin-to-Equity 60% Targeted Worst DD -15.00% Worst Peak-to-Trough 20.00% Sector Focus Stock Index Traders Holding Periods Over 12 Months 0% 4-12 Months 0% 1-3 Months 0% 1-30 Days 100.00% Intraday 0% Decision-Making Discretionary 20.00% Systematic 80.00% Strategy Option-spreads 100.00% Composition Stock Indices 100.00% SummaryThe Iron Condor program is a premium selling strategy that is currently trading exclusively on the large S&P pit-traded contract. The strategy is to sell premium on the put side only. This credit spread is fully covered and the risks are known in advance. There are no naked short options. The configuration is a three-legged trade which differs from a standard vertical spread in that there is a long put closer to the money than the short puts. See diagram below. This might be called a broken-wing butterfly in a 1/-4/3 configuration. The strike distances between the inside put, short put and protective puts are chosen based on market conditions and historical back-testing.Investment StrategyThe spread is designed to collect premium when set and, often times collect additional premium when exited. The behavior at expiration depends on market volatility, price and distance, etc. but protects the spread should the trade come under pressure near expiration.Risk ManagementTrades are typically exited when 80% or more of the intended premium has been secured. Defensive strategies include rolling the trade down or down and out to the next expiration. This action is typically taken when the market price comes within 10 points of the short strike intra-day. Short strike distance from market is typically 8-12%. This represents a 5-10% probability of finishing in the money. Current leverage is less than maximum risk. Compare to: {{result.name}} {{result.description}} Index: Chart Type: AUM & Cumulative Returns Cumulative Returns Distribution Rolling Past performance is not necessarily indicative of future results. The risk of loss in trading commodity futures, options, and foreign exchange ("forex") is substantial. Compare to: Index: Select an Index Hang Seng Russell 2000 DAX FTSE 100 S&P 500 Index 10-Year Note VIX S&P 500 Monthly Annual Reward Average RoR: Max Gain: Gain Frequency: Average Gain: Gain Deviation: Risk Standard Deviation: Worst Loss: Loss Frequency: Average Loss: Loss Deviation: Reward/Risk Sharpe Ratio: (RF=1%) Skewness: Kurtosis: Reward Compound RoR: Average RoR: Max Gain: Gain Frequency: Average Gain: Gain Deviation: Risk Standard Deviation: Worst Loss: Loss Frequency: Average Loss: Loss Deviation: Reward/Risk Sharpe Ratio: (RF=1%) Skewness: Kurtosis: Past performance is not necessarily indicative of future results. The risk of loss in trading commodity futures, options, and foreign exchange ("forex") is substantial. Note: Figures shown in the Monthly column are the greatest figures (or worst for losses/drawdowns) for any particular month. The Annual figures are the greatest for any calendar year. Drawdown Report Depth Length (Mos.) Recovery (Mos.) Peak Valley -36.02 5 - 12/1/2009 5/1/2010 -27.31 5 8 2/1/2007 7/1/2007 -5.19 1 2 4/1/2006 5/1/2006 -2.30 1 2 8/1/2008 9/1/2008 -2.00 1 1 12/1/2008 1/1/2009 -0.17 1 1 11/1/2006 12/1/2006 Show More Consecutive Gains Run-up Length (Mos.) Start End 63.43 13 8/1/2007 8/1/2008 23.11 11 2/1/2009 12/1/2009 21.68 6 6/1/2006 11/1/2006 17.31 8 12/1/2010 7/1/2011 15.79 7 9/1/2011 3/1/2012 8.56 4 1/1/2006 4/1/2006 7.33 2 6/1/2010 7/1/2010 6.86 2 5/1/2007 6/1/2007 4.35 3 2/1/2010 4/1/2010 3.96 2 9/1/2010 10/1/2010 3.48 3 10/1/2008 12/1/2008 2.91 2 1/1/2007 2/1/2007 Show More Consecutive Losses Run-up Length (Mos.) Start End -35.76 1 5/1/2010 5/1/2010 -23.90 2 3/1/2007 4/1/2007 -16.38 2 4/1/2012 5/1/2012 -15.06 1 8/1/2011 8/1/2011 -10.61 1 7/1/2007 7/1/2007 -5.19 1 5/1/2006 5/1/2006 -4.56 1 1/1/2010 1/1/2010 -2.63 1 11/1/2010 11/1/2010 -2.30 1 9/1/2008 9/1/2008 -2.04 1 8/1/2010 8/1/2010 -2.00 1 1/1/2009 1/1/2009 -0.17 1 12/1/2006 12/1/2006 Show More Time Windows Analysis 1 Month3 Month6 Month12 Month18 Month2 Year3 Year4 Year Number of Periods77.0075.0072.0066.0060.0054.0042.0030.00 Percent Profitable81.8274.6772.2262.1261.6755.5676.1996.67 Average Period Return0.491.693.556.398.8813.4722.3926.53 Average Gain2.536.2011.7021.1425.7439.0033.7027.83 Average Loss-8.68-11.60-17.63-17.80-18.25-18.46-13.79-11.04 Best Period7.1314.5026.7556.3161.9280.2589.6486.43 Worst Period-35.76-34.23-34.94-31.29-30.25-28.88-24.56-11.04 Standard Deviation6.1810.2315.6222.6526.4333.0627.9426.84 Gain Standard Deviation1.553.736.8013.6718.3621.2521.7226.34 Loss Standard Deviation10.0511.7611.559.838.625.904.84 Sharpe Ratio (1%)0.070.140.200.240.280.350.690.84 Average Gain / Average Loss0.290.530.661.191.412.112.442.52 Profit / Loss Ratio1.311.581.721.952.272.647.8273.13 Downside Deviation (10%)5.668.6512.1415.2516.8619.5515.2711.64 Downside Deviation (5%)5.578.2911.2513.0013.3014.188.512.94 Downside Deviation (0%)5.558.2011.0312.4512.4412.897.092.01 Sortino Ratio (10%)0.010.050.090.090.080.160.430.43 Sortino Ratio (5%)0.070.170.270.410.550.812.277.65 Sortino Ratio (0%)0.090.210.320.510.711.043.1613.17 Top Performer Badges Index Award Type Rank Performance Period Past performance is not necessarily indicative of future results. 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