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Program Details

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K & Q Futures Inc. 

K & Q Option Select

Manager: Saul Krivopisk

Address: C. Pellegrini 331 7 D, Buenos Aires, 1009, Argentina

PAST PERMORMANCE IS NOT INDICATIVE OF FUTURE RETURNS.

Overview

Program Type:CTA
Inception Date:Aug 1, 2009
AUM:$30,490
QEP:No
Incentive Fee:25%
Annual Mgt Fee:0%
Min Investment:$50,000
Disclosure Doc:View
Performance Program S&P 500
Total ROR:-83.41%139.27%
Annual ROR:-40.89%29.09%
YTD:0.00%5.53%
1 Year:0.00%14.40%
Alpha:-3.69
Beta:0.00
Statistics Program S&P 500
Average Monthly Gain:12.20%1606.43%
Average Monthly Loss:-12.14%-3.31%
Winning Months:1727
Losing Months:2414
Current DD:89.431.01
Max DD:89.4317.03
Sharpe Ratio (RF 1%):-0.61
Annualized Std Dev:69.12

Methodology

Discretionary:100%
Systematic:0%

Strategy

StrategyMulti-Strategy
DirectionalLong / Short
Holding PeriodLong & Short Term
---------------------------
Option Spreads:10%
Option Writing:90%

Monthly Returns as Percentage by Year

JanFebMarAprMayJunJul AugSepOctNovDecYTD
2012-9.57-1.01-1.72-7.390.06-9.81-5.10-2.28-1.01-7.95-1.75-5.85-42.53
20116.09-3.789.70-49.5814.4110.35-12.26-62.0573.65-3.65-8.56-4.70-65.39
2010-4.0516.331.146.442.32-22.9114.582.554.00-20.44-30.842.55-34.64
2009-12.2413.8112.00-2.9117.5027.62

PAST PERMORMANCE IS NOT INDICATIVE OF FUTURE RETURNS.

Program Info

The overall goal of K&Q Option Select program is to achieve account appreciation through the use of an on exchange options investment strategy.

K&Q uses a systematic, blended, approach to trading by buying and selling options, considering technical and fundamental considerations. Technical indicators utilized will evaluate the prices of various options, in absolute terms in relation to their historic price levels. The fundamental factors include the condition of the markets, their trend and volatility as well as weather, supply and demand, stocks, and political and economic forces.
KQF intends to primarily sell covered options. Our intention is to sell options which are "deep out of the money" which means they are priced well away from the then prevailing market prices.

KQF will manage risk through several methodologies. We intend to trade within several different markets at all times. We will maintain a healthy margin to equity ratio within client accounts, trying to target a margin to equity level of 50%. Positions which we believe will be volatile will also not be entered into naked but will rather be spread into. Lastly, KQF principals actively monitor open positions and market conditions on a daily basis. If the market does not appear to be responding as we had originally anticipated we may likely exit the market.

Company Info

K&Q Futures Incorporated was formed by Saul Krivopisk and Susana Quastler to manage commodity futures trading accounts, register with the Commodity Futures Trading
Commission ("CFTC"), and become a member of the National Futures Association ("NFA"). The company was formed as a Panamanian Corporation on July 16, 2010 and became a CFTC registrant and NFA member on August 19th, 2010. KQF holds NFA Identification Number 423833.
Saul became listed as a principal of the business on August 18th, 2010 and was registered as an associated person with KQF on August 19th, 2010 holding the NFA ID #423854. Susana became a principal and was registered as an associated person with KQF on the same day; August 19, 2010 as NFA ID# 423853.

Manager Info

Saul Krivopisk graduated from the school of Economic Sciences at the University of Buenos Aires in Argentina in 1972. He then became a Director at S. Krivopisk e Hijo, a family owned furniture business until he left in April 1985. Beginning in May of 1985 Saul founded his own insurance distribution company and has worked with several different companies, sold a variety of insurance investment products, and has helped many plan for retirement through his personal office. During March of 1999 Saul also launched www.macrosuma.com.ar an online DBA of his personal insurance brokerage.
Since September of 1997 Saul has either been trading his own personal option account and/or paper testing different trading strategies. After proving out several trading methodologies, Saul began managing commodity options accounts for Argentine residents on August 2009 in a partnership with K&Q's other principal Susana Quastler.