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These are hypothetical performance results that have certain inherent limitations. Learn more

Option1
(123980488)

Created by: Option1 Option1
Started: 06/2019
Options
Last trade: 8 days ago

Subscriptions not available

No subscriptions are currently available for this strategy because the strategy manager has capped the maximum number of subscribers.

Subscription terms. Subscriptions to this system cost $199.00 per month.

C2Star

C2Star is a certification program for trading strategies. In order to become "C2Star Certified," a strategy must apply tight risk controls, and must exhibit excellent performance characteristics, including low drawdowns.

You can read more about C2Star certification requirements here.

Note that: all trading strategies are risky, and C2Star Certification does not imply that a strategy is low risk.

-8.7%
Cumul. Return

Rate of Return Calculations

Overview

To comply with NFA regulations, we display Cumulative Rate of Return for strategies with a track record of less than one year. For strategies with longer track records, we display Annualized (Compounded) Rate of Return.

How Cumulative Rate of Return is calculated

= (Ending_equity - Starting_equity) / Starting_equity

Remember that, following NFA requirements, strategy subscription costs and estimated commissions are included in marked-to-market equity calculations.

All results are hypothetical.

(34.1%)
Max Drawdown
26
Num Trades
26.9%
Win Trades
0.8 : 1
Profit Factor
33.3%
Win Months
Hypothetical Monthly Returns (includes system fee and Typical Broker commissions and fees)
 JanFebMarAprMayJunJulAugSepOctNovDecYTD
2019                                   (1.9%)+21.8%(23.8%)                        (8.9%)

Model Account Details

A trading strategy on Collective2. Follow it in your broker account, or use a free simulated trading account.

Advanced users may want to use this information to adjust their AutoTrade scaling, or merely to understand the magnitudes of the nearby chart.

System developer has asked us to delay this information by 168 hours.

Trading Record

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Long
Short
Both
Win
Loss
Both
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Opened Date/TimeSymbolDescriptionSideQtyAvg PriceClosed Date/TimeAvg PriceDrawdownP/L
8/14/19 10:59 AMZN1916T1775 AMZN Aug16'19 1775 put LONG 2 20.15 8/16 10:00 2.74 6.87%
Trade id #124930853
Max drawdown($3,540)
Time8/14/19 10:59
Quant open2
Worst price2.45
Drawdown as % of equity-6.87%
($3,485)
Includes Typical Broker Commissions trade costs of $2.80
8/13/19 10:56 AMZN1916H1822.5 AMZN Aug16'19 1822.5 call LONG 2 19.40 8/14 10:02 3.70 6.38%
Trade id #124908047
Max drawdown($3,484)
Time8/13/19 10:56
Quant open2
Worst price1.98
Drawdown as % of equity-6.38%
($3,143)
Includes Typical Broker Commissions trade costs of $2.80
8/12/19 10:30 AMZN1916T1800 AMZN Aug16'19 1800 put LONG 1 24.25 8/13 9:55 10.10 3.2%
Trade id #124882351
Max drawdown($1,796)
Time8/12/19 10:30
Quant open1
Worst price6.29
Drawdown as % of equity-3.20%
($1,417)
Includes Typical Broker Commissions trade costs of $2.00
8/7/19 15:31 AMZN1909H1790 AMZN Aug9'19 1790 call LONG 2 19.80 8/9 11:59 15.75 0.67%
Trade id #124822197
Max drawdown($380)
Time8/7/19 15:31
Quant open2
Worst price17.90
Drawdown as % of equity-0.67%
($813)
Includes Typical Broker Commissions trade costs of $2.80
8/7/19 12:26 AMZN1909T1760 AMZN Aug9'19 1760 put LONG 2 23.90 8/7 13:59 10.70 4.94%
Trade id #124817237
Max drawdown($2,940)
Time8/7/19 12:26
Quant open2
Worst price9.20
Drawdown as % of equity-4.94%
($2,643)
Includes Typical Broker Commissions trade costs of $2.80
7/19/19 14:55 AMZN1926S1975 AMZN Jul26'19 1975 put LONG 1 43.80 7/22 14:25 39.35 0.75%
Trade id #124542528
Max drawdown($450)
Time7/19/19 14:55
Quant open1
Worst price39.30
Drawdown as % of equity-0.75%
($447)
Includes Typical Broker Commissions trade costs of $2.00
7/16/19 15:59 AMZN1919S2010 AMZN Jul19'19 2010 put LONG 2 14.90 7/19 10:18 21.00 1.19%
Trade id #124485804
Max drawdown($700)
Time7/16/19 15:59
Quant open2
Worst price11.40
Drawdown as % of equity-1.19%
$1,217
Includes Typical Broker Commissions trade costs of $2.80
7/15/19 11:31 AMZN1919S2010 AMZN Jul19'19 2010 put LONG 2 22.15 7/15 14:02 17.40 1.6%
Trade id #124462657
Max drawdown($950)
Time7/15/19 14:02
Quant open2
Worst price17.40
Drawdown as % of equity-1.60%
($953)
Includes Typical Broker Commissions trade costs of $2.80
7/5/19 12:27 AMZN1912G1935 AMZN Jul12'19 1935 call LONG 2 18.75 7/11 14:23 79.00 2.33%
Trade id #124349679
Max drawdown($1,120)
Time7/5/19 12:27
Quant open2
Worst price13.15
Drawdown as % of equity-2.33%
$12,047
Includes Typical Broker Commissions trade costs of $3.40
7/2/19 14:01 AMZN1905G1917.5 AMZN Jul5'19 1917.5 call LONG 2 9.50 7/5 10:55 10.85 0.31%
Trade id #124313362
Max drawdown($150)
Time7/2/19 14:01
Quant open2
Worst price8.75
Drawdown as % of equity-0.31%
$267
Includes Typical Broker Commissions trade costs of $2.80
7/1/19 10:11 AMZN1905G1925 AMZN Jul5'19 1925 call LONG 1 16.02 7/2 11:27 3.60 2.61%
Trade id #124288853
Max drawdown($1,282)
Time7/1/19 10:11
Quant open1
Worst price3.20
Drawdown as % of equity-2.61%
($1,244)
Includes Typical Broker Commissions trade costs of $2.00
6/27/19 10:28 AMZN1928F1905 AMZN Jun28'19 1905 call LONG 1 10.75 6/28 10:57 2.48 2.15%
Trade id #124254874
Max drawdown($1,074)
Time6/27/19 10:28
Quant open1
Worst price0.01
Drawdown as % of equity-2.15%
($829)
Includes Typical Broker Commissions trade costs of $2.00
6/25/19 11:27 NFLX1928R367.5 NFLX Jun28'19 367.5 put LONG 1 5.65 6/27 9:55 2.81 0.58%
Trade id #124222321
Max drawdown($291)
Time6/25/19 11:27
Quant open1
Worst price2.74
Drawdown as % of equity-0.58%
($286)
Includes Typical Broker Commissions trade costs of $2.00
6/25/19 10:28 AMZN1928R1897.5 AMZN Jun28'19 1897.5 put LONG 1 16.55 6/26 12:33 14.00 1.04%
Trade id #124220425
Max drawdown($522)
Time6/25/19 10:28
Quant open1
Worst price11.33
Drawdown as % of equity-1.04%
($257)
Includes Typical Broker Commissions trade costs of $2.00
6/21/19 11:29 NFLX1928F367.5 NFLX Jun28'19 367.5 call LONG 1 7.45 6/25 9:59 5.25 0.67%
Trade id #124183018
Max drawdown($340)
Time6/21/19 11:29
Quant open1
Worst price4.05
Drawdown as % of equity-0.67%
($222)
Includes Typical Broker Commissions trade costs of $2.00
6/24/19 10:29 AMZN1928R1907.5 AMZN Jun28'19 1907.5 put LONG 1 18.45 6/24 15:01 14.65 0.86%
Trade id #124203598
Max drawdown($440)
Time6/24/19 10:29
Quant open1
Worst price14.05
Drawdown as % of equity-0.86%
($382)
Includes Typical Broker Commissions trade costs of $2.00
6/17/19 10:28 NFLX1921F350 NFLX Jun21'19 350 call LONG 1 6.10 6/21 10:28 18.00 0.39%
Trade id #124108505
Max drawdown($195)
Time6/17/19 10:28
Quant open1
Worst price4.15
Drawdown as % of equity-0.39%
$1,188
Includes Typical Broker Commissions trade costs of $2.00
6/19/19 14:59 AMZN1921F1905 AMZN Jun21'19 1905 call LONG 1 13.95 6/21 10:03 11.50 0.97%
Trade id #124149226
Max drawdown($491)
Time6/19/19 14:59
Quant open1
Worst price9.04
Drawdown as % of equity-0.97%
($247)
Includes Typical Broker Commissions trade costs of $2.00
6/14/19 15:30 AMZN1921F1870 AMZN Jun21'19 1870 call LONG 1 24.45 6/19 11:01 34.45 0.35%
Trade id #124090563
Max drawdown($175)
Time6/14/19 15:30
Quant open1
Worst price22.70
Drawdown as % of equity-0.35%
$998
Includes Typical Broker Commissions trade costs of $2.00
6/14/19 15:58 NFLX1921R340 NFLX Jun21'19 340 put LONG 1 6.34 6/17 9:57 2.45 0.79%
Trade id #124091027
Max drawdown($394)
Time6/17/19 9:56
Quant open1
Worst price2.40
Drawdown as % of equity-0.79%
($391)
Includes Typical Broker Commissions trade costs of $2.00
6/10/19 14:28 NFLX1914R355 NFLX Jun14'19 355 put LONG 1 6.85 6/14 15:28 15.21 0.5%
Trade id #124015294
Max drawdown($250)
Time6/11/19 10:05
Quant open1
Worst price4.35
Drawdown as % of equity-0.50%
$834
Includes Typical Broker Commissions trade costs of $2.00
6/13/19 10:28 AMZN1914F1875 AMZN Jun14'19 1875 call LONG 1 12.20 6/14 15:26 0.45 2.38%
Trade id #124066490
Max drawdown($1,182)
Time6/14/19 15:08
Quant open1
Worst price0.38
Drawdown as % of equity-2.38%
($1,177)
Includes Typical Broker Commissions trade costs of $2.00

Statistics

  • Strategy began
    6/7/2019
  • Suggested Minimum Cap
    $45,000
  • Strategy Age (days)
    77.91
  • Age
    78 days ago
  • What it trades
    Options
  • # Trades
    26
  • # Profitable
    7
  • % Profitable
    26.90%
  • Avg trade duration
    2.1 days
  • Max peak-to-valley drawdown
    34.13%
  • drawdown period
    July 18, 2019 - Aug 23, 2019
  • Cumul. Return
    -8.7%
  • Avg win
    $2,529
  • Avg loss
    $1,185
  • Model Account Values (Raw)
  • Cash
    $41,432
  • Margin Used
    $0
  • Buying Power
    $44,117
  • Ratios
  • W:L ratio
    0.79:1
  • Sharpe Ratio
    -0.84
  • Sortino Ratio
    -1.39
  • Calmar Ratio
    -1.303
  • CORRELATION STATISTICS
  • Correlation to SP500
    0.20310
  • Return Statistics
  • Ann Return (w trading costs)
    -33.7%
  • Ann Return (Compnd, No Fees)
    -30.6%
  • Risk of Ruin (Monte-Carlo)
  • Chance of 10% account loss
    87.50%
  • Chance of 20% account loss
    33.50%
  • Chance of 30% account loss
    2.50%
  • Chance of 40% account loss
    n/a
  • Chance of 50% account loss
    n/a
  • Popularity
  • Popularity (Today)
    0
  • Popularity (Last 6 weeks)
    828
  • C2 Score
    792
  • Trades-Own-System Certification
  • Trades Own System?
    -
  • TOS percent
    n/a
  • Win / Loss
  • Avg Win
    $2,692
  • Avg Loss
    $1,185
  • # Winners
    7
  • # Losers
    19
  • % Winners
    26.9%
  • Frequency
  • Avg Position Time (mins)
    3069.43
  • Avg Position Time (hrs)
    51.16
  • Avg Trade Length
    2.1 days
  • Last Trade Ago
    1
  • Leverage
  • Daily leverage (average)
    2.74
  • Daily leverage (max)
    4.00
  • Regression
  • Alpha
    -0.17
  • Beta
    0.78
  • Treynor Index
    -0.20
  • Maximum Adverse Excursion (MAE)
  • Avg(MAE) / Avg(PL) - All trades
    -8.714
  • Avg(MAE) / Avg(PL) - Winning trades
    0.185
  • Avg(MAE) / Avg(PL) - Losing trades
    -1.107
  • Hold-and-Hope Ratio
    -0.169
  • Analysis based on DAILY values, full history
  • RATIO STATISTICS
  • Ratio statistics of excess return rates
  • Statistics related to linear regression on benchmark
  • a (intercept, estimate of alpha)
    -0.35200

Strategy Description

This strategy was developed to take advantage of explosive moves in liquid stock options. It will make money in any direction, up or down. In fact, some of the largest gains have come when the stock is down. However, if the market is choppy, expect losses. There is no way of getting around this so think of these times as simply the cost of doing business. There will be plenty of small losses with this strategy. However, when the stock makes a major move, it will more than make up for any losses.

I do not use stops with this system primarily because options have a built in stop; your risk is limited to the price paid for the option. However, the upside is unlimited, which is why this strategy is so powerful. I get in and out of a position when the system tells me to; it’s really as simple as that. It’s purely mechanical, which helps with psychology and removing emotion from trading. I believe this is critical to any traders success as the two most powerful emotions (fear and greed) are removed from the equation.

I highly suggest auto trading this system as it can be tricky to get filled on some option contracts. I also recommend trading 1 contract per 30000 of capital. If you risk more than this, you will likely fail if there is an extended choppiness period. There will be times that I will trade more than once in a day so you must maintain at least 25,000 in your brokerage account at all times. This is due to the pattern day trader regulation and there is no getting around it.

This strategy has been utilized for over 6 years with great success. If you are in this for the long haul and can accept some reasonable drawdown along the way, this system is for you. It has literally changed my life and I’m happy to share it with the public for the first time.

Summary Statistics

Strategy began
2019-06-07
Suggested Minimum Capital
$45,000
# Trades
26
# Profitable
7
% Profitable
26.9%
Correlation S&P500
0.203
Sharpe Ratio
-0.84
Sortino Ratio
-1.39
Beta
0.78
Alpha
-0.17
Leverage
2.74 Average
4.00 Maximum
Summary
Higher leverage = greater risk.

More information about leverage

Collective2 calculates the maximum leverage used by a strategy in each day. We then display the average of these measurements (i.e. the average daily maximum leverage) and the greatest of these measurements (maximum daily leverage).

Leverage is the ratio of total notional value controlled by a strategy divided by its Model Account equity. Generally higher leverage implies greater risk.

Example of calculation:
The Strategy buys 100 shares of stock at $12 per share.
The Model Account equity during that day is $5,000.
The leverage is: $1200 / $5,000 = 0.24

This is a useful measurement, but it should be considered in context. This measurement doesn't take into account important factors, such as when multiple positions are held that are inversely correlated. Nor does the measurement take into account the volatility of the instruments being held.

In addition, certain asset classes are inherently more leveraged than others. For example, futures contracts are highly leveraged. Forex positions are often even more leveraged than futures.

Latest Activity

#PERSONNAME#
subscribed on started simulation #SUBSCRIBEDDATE#

Most values on this page (including the Strategy Equity Chart, above) have been adjusted by estimated trading commissions and subscription costs.

Some advanced users find it useful to see "raw" Model Account values. These numbers do not include any commissions, fees, subscription costs, or dividend actions.

Strategy developers can "archive" strategies at any time. This means the strategy Model Account is reset to its initial level and the trade list cleared. However, all archived track records are permanently preserved for evaluation by potential subscribers.

About the results you see on this Web site

Past results are not necessarily indicative of future results.

These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.

In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program, which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.

Material assumptions and methods used when calculating results

The following are material assumptions used when calculating any hypothetical monthly results that appear on our web site.

  • Profits are reinvested. We assume profits (when there are profits) are reinvested in the trading strategy.
  • Starting investment size. For any trading strategy on our site, hypothetical results are based on the assumption that you invested the starting amount shown on the strategy's performance chart. In some cases, nominal dollar amounts on the equity chart have been re-scaled downward to make current go-forward trading sizes more manageable. In these cases, it may not have been possible to trade the strategy historically at the equity levels shown on the chart, and a higher minimum capital was required in the past.
  • All fees are included. When calculating cumulative returns, we try to estimate and include all the fees a typical trader incurs when AutoTrading using AutoTrade technology. This includes the subscription cost of the strategy, plus any per-trade AutoTrade fees, plus estimated broker commissions if any.
  • "Max Drawdown" Calculation Method. We calculate the Max Drawdown statistic as follows. Our computer software looks at the equity chart of the system in question and finds the largest percentage amount that the equity chart ever declines from a local "peak" to a subsequent point in time (thus this is formally called "Maximum Peak to Valley Drawdown.") While this is useful information when evaluating trading systems, you should keep in mind that past performance does not guarantee future results. Therefore, future drawdowns may be larger than the historical maximum drawdowns you see here.

Trading is risky

There is a substantial risk of loss in futures and forex trading. Online trading of stocks and options is extremely risky. Assume you will lose money. Don't trade with money you cannot afford to lose.

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Suggested Minimum Capital

This is our estimate of the minimum amount of capital to follow a strategy, assuming you use the smallest reasonable AutoTrade Scaling % for the strategy.