Steward Trading Group, LLC : Premium Futures Option Program (Prop)

archived programs
Year-to-Date
N / A
Dec Performance
1.37%
Min Investment
$ 25k
Mgmt. Fee
2.00%
Perf. Fee
30.00%
Annualized Vol
30.89%
Sharpe (RFR=1%)
1.23
CAROR
39.23%
Assets
$ 166k
Worst DD
-36.54
S&P Correlation
0.17

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 Dec Qtr YTD 1yr 3yr 5yr 10yr Since
8/2010
Premium Futures Option Program (Prop) 1.37 - - - - - 148.75 122.53
S&P 500 0.71 - - - - - 62.07 230.13
+/- S&P 500 0.66 - - - - - 86.67 -107.60

Strategy Description

Summary

Steward Trading Group, LLC (STG) is a Commodity Trading Advisor (CTA) registered with the Commodity Futures Trading Commission (CFTC).

STG offers individuals and institutions an alternative investment choice complimenting their overall portfolio performance. STG's trading... Read More

Account & Fees

Type Managed Account
Minimum Investment $ 25k
Trading Level Incremental Increase $ 0k
CTA Max Funding Factor
Management Fee 2.00%
Performance Fee 30.00%
Average Commission $0
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 4800 RT/YR/$M
Avg. Margin-to-Equity 0%
Targeted Worst DD -10.00%
Worst Peak-to-Trough 36.53%
Sector Focus Diversified Traders

Holding Periods

Over 12 Months 0%
4-12 Months 100.00%
1-3 Months 0%
1-30 Days 0%
Intraday 0%

Decision-Making

Discretionary 100.00%
Systematic 0%

Strategy

Option-writing
100.00%
Strategy Pie Chart

Composition

Grains
40.00%
Energy
20.00%
Softs
20.00%
Precious Metals
10.00%
Livestock
10.00%
Composition Pie Chart

Summary

Steward Trading Group, LLC (STG) is a Commodity Trading Advisor (CTA) registered with the Commodity Futures Trading Commission (CFTC).

STG offers individuals and institutions an alternative investment choice complimenting their overall portfolio performance. STG's trading program - PREMIUM FUTURES OPTION PROGRAM (PFOP) is an option writing investment strategy that trades options exclusively in the Futures Commodity Market. STG's investments are typically not correlated with the traditional stock and bond markets, which as an alternative investment choice can result in a more diversified portfolio and provides opportunities for investments in non-traditional asset classes which could be attractive to many portfolios.

Investment Strategy

The Program "PFOP" is an option writing investment strategy that utilizes delta neutral and non-directional strategies. The intention is to sell far out-of-the-money puts and calls while taking advantage of time decay. We first evaluate the given price range of an underlying commodity futures contract over a specific period of time. Then we evaluate to see if, in our opinion, options on the underlying futures contract are being sold outside of our established range. The program uses a variety the risk controls including but not limited to: an analysis of margin, delta, rolling options, and we always keep open the possibility of hedging our positions with the underlying commodity futures contract we are trading. The Manager primarily sells (“writes”) deep out-of-the-money options (puts and calls) on commodity futures contracts. From time to time we may also purchase options if PFOP calls for us to do so. Purchasing options however is very rare and will almost always be done to reduce trading risks. PFOP will primarily trade options on the highly liquid commodity futures markets of grains, energy, softs, and metals.

Risk Management

STG uses an approach intended to profit in rising, declining and sideways markets by utilizing delta neutral and non-directional strategies. More specifically we intend to sell far out-of-the-money puts and calls while taking advantage of time decay. To do this we use proprietary techniques to evaluate what we believe the given price range of an underlying commodity futures contract may be for a specific period of time. Once we have conducted our analysis we will then evaluate if we believe options on the underlying futures contract are being sold outside of our established range. From there we use more than a dozen risk control strategies to consider whether or not we will sell options under the then present market conditions. Some, but not all of the risk controls we evaluate include: an analysis of margin, delta, rolling options, and we always keep open the possibility of hedging our positions with the underlying commodity futures contract we are trading.

   

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

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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
-36.54 3 - 4/1/2012 7/1/2012
-10.54 1 3 1/1/0001 8/1/2010
-1.36 1 1 7/1/2011 8/1/2011
-1.13 1 1 11/1/2010 12/1/2010
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Consecutive Gains

Run-up Length (Mos.) Start End
76.10 7 1/1/2011 7/1/2011
51.93 8 9/1/2011 4/1/2012
28.21 5 8/1/2012 12/1/2012
17.17 3 9/1/2010 11/1/2010
0.17 1 6/1/2012 6/1/2012
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Consecutive Losses

Run-up Length (Mos.) Start End
-33.90 1 7/1/2012 7/1/2012
-10.54 1 8/1/2010 8/1/2010
-4.16 1 5/1/2012 5/1/2012
-1.36 1 8/1/2011 8/1/2011
-1.13 1 12/1/2010 12/1/2010
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Time Windows Analysis

 1 Month3 Month6 Month12 Month18 Month
Number of Periods29.0027.0024.0018.0012.00
Percent Profitable82.7681.4875.0088.89100.00
Average Period Return3.2411.3423.8364.50107.02
Average Gain6.0518.3839.4072.94107.02
Average Loss-10.22-19.65-22.91-3.04
Best Period13.0332.1262.28117.30190.95
Worst Period-33.90-36.54-30.11-4.9032.31
Standard Deviation8.9217.5629.6447.1366.34
Gain Standard Deviation4.037.5812.2342.8166.34
Loss Standard Deviation13.7715.146.122.62
Sharpe Ratio (1%)0.350.630.791.351.59
Average Gain / Average Loss0.590.941.7223.97
Profit / Loss Ratio2.844.125.16191.79
Downside Deviation (10%)6.7610.7112.992.95
Downside Deviation (5%)6.6710.3612.031.49
Downside Deviation (0%)6.6510.2711.791.19
Sortino Ratio (10%)0.420.941.6420.16
Sortino Ratio (5%)0.471.071.9442.68
Sortino Ratio (0%)0.491.102.0254.30

Top Performer Badges

Index Award Type Rank Performance Period

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