Strategies
How these strategies work
Three systematic strategies, all running live. Each is described here at a high level — the instruments traded, the general approach, and how risk is managed. Exact parameters, signals, and trade triggers aren’t published.
Rolling Butterfly Strategy
- Instruments
- SPX and RUT index options.
- Approach
- Monthly butterfly positions are staggered rather than opened all at once, so the portfolio always holds trades at different points in their lifecycle instead of making one all-or-nothing bet each month. New positions roll on as older ones come off.
- Risk Management
- Hedged on an ongoing basis to keep the overall portfolio close to delta-neutral, so the strategy isn't relying on predicting market direction to make money — it's structured to profit from time decay instead.
Leveraged ETF Strategy
- Instruments
- Leveraged equity ETFs, rotating to cash.
- Approach
- A trend-following signal built on a long-term moving average determines whether the strategy is invested at all, and a volatility signal derived from the VIX term structure scales the position size up or down within that.
- Risk Management
- Exposure shrinks automatically as volatility rises and the strategy moves entirely to cash in sustained downtrends or stress periods. It never takes a short position — worst case is sitting in cash.
0DTE SPX Strategy
- Instruments
- S&P 500 index options, same-day expiration.
- Approach
- Multiple defined-risk positions are opened across the trading day rather than all at once, spreading entry timing risk across the session. Every position is closed before expiration the same day — nothing is held overnight.
- Risk Management
- Whether to trade on a given day is governed by entry rules that have been rigorously backtested across years of market history to reduce risk through all kinds of market conditions.