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Program Details

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Bluenose Capital Management, LLC 

BNC CL

Manager: Rob McLallen / Joe Natoli

Address: 405 Berry Street SE, Vienna, VA, 22180, U.S.A.

PAST PERMORMANCE IS NOT INDICATIVE OF FUTURE RETURNS.

Overview

Program Type:CTA
Inception Date:Dec 2, 2013
AUM:$170,500
QEP:No
Incentive Fee:20%
Annual Mgt Fee:2%
Min Investment:$15,000
Disclosure Doc:View
Performance Program S&P 500
Total ROR:17.07%30.84%
Annual ROR:4.97%8.62%
YTD:5.02%5.53%
1 Year:19.63%14.71%
Alpha:0.31
Beta:0.35
Statistics Program S&P 500
Average Monthly Gain:3.64%2.54%
Average Monthly Loss:-5.57%-2.15%
Winning Months:2624
Losing Months:1315
Current DD:7.670.00
Max DD:29.328.89
Sharpe Ratio (RF 1%):0.20
Annualized Std Dev:19.74

Methodology

Discretionary:100%
Systematic:0%

Strategy

StrategySingle Strategy
DirectionalShort
Holding PeriodShort Term
---------------------------
Option Writing:100%

Monthly Returns as Percentage by Year

JanFebMarAprMayJunJul AugSepOctNovDecYTD
20172.392.575.02
2016-5.635.552.67-6.607.154.481.133.480.161.07-1.484.3816.49
20153.520.783.463.69-2.392.54-2.94-5.784.210.660.18-0.826.77
2014-1.236.30-2.927.236.661.58-11.4110.840.84-10.01-18.68-2.46-16.30
20137.087.08

PAST PERMORMANCE IS NOT INDICATIVE OF FUTURE RETURNS.

Program Info

The strategy objective is to achieve substantial capital appreciation through the speculative trading of options on Crude Oil futures contracts. There will be times when BNC CL is not invested in the market at all and times it may be fully invested. The seller (writer) of an option risks losing the difference between the premiums received for the option and the price of the underlying futures contract that the writer must purchase upon exercise of the option. The value of options contracts primarily consist of two components, intrinsic value and time value. Intrinsic value is the amount the contract is in the money and time value is the premium received less intrinsic value. BNC CL will mainly use out of the money options, thus there is no intrinsic value, only time value. Determining the trading range, the individual strike prices and the quantity of calls and puts is dependent upon a five-part process. In analyzing the strike price we take into consideration prices of the options, where volatility is and how much time remains until expiration. This means the distance from the underlying and our strike price varies and can be either an at the money option or be as far away as 10.00% to 20.00% out of the money, depending on market activity. There is no guaranteed safe percentage that can be used consistently. For the purpose of this program all trading will be completed on exchanges located in the United States.

Company Info

BNC focuses on the writing (selling) of options using futures contracts of indices and other commodities.

Manager Info

Joseph Natoli is Managing Director and co founder of Bluenose Capital Management, LLC. Mr. Natoli received a Bachelors of Science in Economics from Randolph Macon College and earned his MBA from The George Washington University. Mr. Natoli has over 12 years of experience in the commodity markets holding trading and management positions at Chesapeake Investment Services. Mr. Natoli founded Zephyr Asset Management, a registered commodity trading advisor serving as Managing Director until starting Bluenose Capital Management.

Mr. Natoli is Series 3 (National Commodities Futures Representative) qualified. He lives in Davidsonville, Maryland with his wife and two daughters. Mr. Natoli is active in his community and coaches girls Travel soccer.