Side Op, LLC : Side Op Trading Program

archived programsClosed to new investments
Year-to-Date
N / A
Jul Performance
4.50%
Min Investment
$ 25k
Mgmt. Fee
2.00%
Perf. Fee
20.00%
Annualized Vol
21.11%
Sharpe (RFR=1%)
0.26
CAROR
4.22%
Assets
$ 850k
Worst DD
-38.71
S&P Correlation
0.04

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 Jul Qtr YTD 1yr 3yr 5yr 10yr Since
4/2013
Side Op Trading Program 4.50 - - - - - - 10.13
S&P 500 1.97 - - - - - - 108.37
+/- S&P 500 2.53 - - - - - - -98.23

Strategy Description

Summary

Side Op is a Commodity Trading Advisor (CTA) managed trading program fun by Robert Schroeder whose primary goal is to find the most attractive "short option" opportunities. The program's success will be measured against major investments benchmarks like the SP 500, Dow Jones etc. The... Read More

Account & Fees

Type Managed Account
Minimum Investment $ 25k
Trading Level Incremental Increase $ 25k
CTA Max Funding Factor
Management Fee 2.00%
Performance Fee 20.00%
Average Commission $3.00
Available to US Investors Yes

Subscriptions

High Water Mark Yes
Subscription Frequency 1-7 Days
Redemption Frequency 1-7 Days
Investor Requirements Any Investor
Lock-up Period 0

Trading

Trading Frequency 7500 RT/YR/$M
Avg. Margin-to-Equity 50%
Targeted Worst DD
Worst Peak-to-Trough
Sector Focus Diversified Traders

Holding Periods

Over 12 Months 0%
4-12 Months 10.00%
1-3 Months 40.00%
1-30 Days 50.00%
Intraday 0%

Decision-Making

Discretionary 100.00%
Systematic 0%

Strategy

Option-writing
100.00%
Strategy Pie Chart

Composition

Stock Indices
35.00%
Currency Futures
15.00%
Grains
15.00%
Interest Rates
15.00%
Industrial Metals
10.00%
Energy
5.00%
Other
5.00%
Composition Pie Chart

Summary

Side Op is a Commodity Trading Advisor (CTA) managed trading program fun by Robert Schroeder whose primary goal is to find the most attractive "short option" opportunities. The program's success will be measured against major investments benchmarks like the SP 500, Dow Jones etc. The long term goal it to provide consistently attractive returns, with contained drawdown. The object is to achieve positive investment returns by attempting to sell protective long options other CTA & Hedge Funds use as "protection" in their short option spread strategies. In order to potentially be successful in such a strategy brokerage fees are charged at a minimum amount. The options strategy is designed to potentially succeed in all market environments using short options on futures contracts by adjusting with change in volatility in a diversified group of futures markets. All short options are designed to be held until they expire or can be bought back at or near the lowest denomination it trades in. In the event an extreme market movement results in the short option to rise in price it is the plan to purchase or roll strike further away from the "money"(current market price) if the option triples in price. The margin to equity ratio is targeted for a max of 50%.

Investment Strategy

Side Op, LLC’s objective is to achieve capital appreciation for its clients through speculative trading of futures and options on futures. Although Side Op, LLC can and will make use of futures in its trading program, the managed program being offered by Side Op, LLC has a primary goal to find the most attractive short option opportunities. The trading program’s success will generally be measured against investment benchmarks such as the S&P 500 and Dow Jones Indexes. The long term goal is to provide consistent attractive returns along with contained drawdowns. The object is to achieve positive investment returns by attempting to sell protective options other commodity trading advisors and hedge funds use a “protection” in their short option spread strategies.

   

Past performance is not necessarily indicative of future results. The risk of loss in trading commodity futures, options, and foreign exchange ("forex") is substantial.

Reward
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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
-38.71 7 - 5/1/2014 12/1/2014
-3.42 1 1 1/1/2014 2/1/2014
-0.59 2 1 9/1/2013 11/1/2013
-0.18 1 1 7/1/2013 8/1/2013
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Consecutive Gains

Run-up Length (Mos.) Start End
39.61 7 1/1/2015 7/1/2015
11.47 4 4/1/2013 7/1/2013
8.70 3 3/1/2014 5/1/2014
8.39 2 12/1/2013 1/1/2014
4.41 1 8/1/2014 8/1/2014
2.25 1 9/1/2013 9/1/2013
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Consecutive Losses

Run-up Length (Mos.) Start End
-32.61 4 9/1/2014 12/1/2014
-12.89 2 6/1/2014 7/1/2014
-3.42 1 2/1/2014 2/1/2014
-0.59 2 10/1/2013 11/1/2013
-0.18 1 8/1/2013 8/1/2013
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Time Windows Analysis

 1 Month3 Month6 Month12 Month18 Month
Number of Periods28.0026.0023.0017.0011.00
Percent Profitable64.2965.3856.5235.299.09
Average Period Return0.541.070.13-5.95-11.10
Average Gain3.828.1712.7315.6012.20
Average Loss-5.38-12.34-16.25-17.70-13.43
Best Period8.5623.6133.5925.3012.20
Worst Period-20.57-29.69-36.56-33.47-26.35
Standard Deviation6.0911.7417.5819.2810.62
Gain Standard Deviation2.215.498.8410.48
Loss Standard Deviation6.467.8211.1210.457.68
Sharpe Ratio (1%)0.070.07-0.02-0.36-1.19
Average Gain / Average Loss0.710.660.780.880.91
Profit / Loss Ratio1.281.251.020.480.09
Downside Deviation (10%)5.039.0914.1719.9721.21
Downside Deviation (5%)4.908.5913.0517.0415.84
Downside Deviation (0%)4.878.4612.7816.3414.57
Sortino Ratio (10%)0.03-0.02-0.17-0.55-0.88
Sortino Ratio (5%)0.090.10-0.03-0.41-0.80
Sortino Ratio (0%)0.110.130.01-0.36-0.76

Top Performer Badges

Index Award Type Rank Performance Period
Option Strategy Index Month 2 8.45 3/2015
Discretionary Trader Index Month 4 8.45 3/2015
Diversified Trader Index Month 6 8.45 3/2015
Discretionary Trader Index Month 7 4.99 2/2015
Diversified Trader Index Month 8 4.99 2/2015
Option Strategy Index Month 4 4.99 2/2015
Option Strategy Index Month 2 8.56 1/2015
Discretionary Trader Index Month 8 8.56 1/2015

Past performance is not necessarily indicative of future results. The risk of loss in trading commodity futures, options, and foreign exchange ("forex") is substantial.