Side Op is a Commodity Trading Advisor ("CTA") managed futures trading program run by Robert Schroeder that focuses on finding attractive short option opportunities in a number of key commodity markets. Side Op aims to achieve positive investment returns by attempting to sell long options to other CTAs and hedge funds that rely on these products for "protection" in their short option spread strategies. Side Op strives to provide excellence in client service. All clients are treated with the deepest respect and play a key role in the program’s potential success.
The Side Op managed futures strategy is designed to potentially succeed in any market environment, in a diversified group of futures markets, by using short options on futures contracts, and making adjustments in the face of changing levels of volatility. The program aims to hold short options until they expire or can be bought back at or near the lowest price available. In the event extreme market developments cause short options to rise in price, the program plans to purchase or roll the strike further away from "the money" (current market price). The program aims not to exceed a margin-to-equity ratio of 50%.
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
|2013||-0.29% *||2.47% *||2.10% *||2.11%||3.66%||1.06%||3.81%||-0.18%||2.15%||-0.03%||-0.55%||4.74%||22.99%|
* Proprietary Trading Results
Side Op is a 100% discretionary managed futures strategy. Beginning in April, 2013, Side Op started trading client accounts with a minimum investment of $25,000; a management fee of 2%; a performance fee of 20% and $575,000 AUM.
The 2% management fee can be waived for accounts 100k+ traded through RCM Asset Management: www.rcmfutures.com
|Commodity Trading Advisor:||Side OP, LLC|
|Trading Program:||Side OP Trading Program|
|Inception of Trading of Client Accounts:||April 2013|
|Client Funds began trading pursuant to Program:||April 2013|
|Number of Accounts in Trading Program:||13|
|Total NOMINAL Assets under management as of February 2015:||$731,481|
|Total NOMINAL Assets traded under Program as of February 2015:||$731,481|
|Number of accounts closed with positive performance:||3 (0.43% to 5.52%)|
|Number of accounts closed with negative performance:||27 (-1.90% to -47.50%)|
|Largest Monthly Drawdown:||-20.57% Dec-14|
|Worst Peak-to-Valley Drawdown:||-36.73% May 2014 to December 2014|
Robert Schroeder brings years of experience to his Side Op trading program. He began his career in 1995 on the trading floors of the Chicago Board of Trade (CBOT) before moving to First American Discount in 1997, where he focused on technical analysis, studying under former CBOT Chairman Bill Mallers. After First American was purchased by MF Global in 2000, Robert was head trader of one of MF Gobal’s high-volume desks. There he focused on managed futures and execution for hedge funds, CTAs and high-net-worth individuals. Robert also worked with individuals and corporations on trading strategies, technical analysis and risk management. By working with these different traders he learned multiple complex strategies on how to maximize profits in the futures options markets. In 2012, Robert was one of the original members to join RCM Asset Management as head broker where he is still head of execution today.
For more information about Side Op or to schedule a phone call or meeting with Robert Schroeder, please fill out the form below.
Side Op Disclosure Document
Side Op offers a convenient and efficient vehicle to invest in short options strategies with high return potential in any market environment. For more information about Side OP including disclosure document requests or to set-up a meeting, complete the inquiry form to the right or contact us at (312) 870-1565.
THE RISK OF LOSS IN TRADING COMMODITY INTERESTS CAN BE SUBSTANTIAL. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. IN CONSIDERING WHETHER TO TRADE OR TO AUTHORIZE SOMEONE ELSE TO TRADE FOR YOU, YOU SHOULD BE AWARE OF THE FOLLOWING: IF YOU PURCHASE A COMMODITY OPTION, YOU MAY SUSTAIN A TOTAL LOSS OF THE PREMIUM AND OF ALL TRANSACTION COSTS. IF YOU PURCHASE OR SELL A COMMODITY FUTURES CONTRACT OR SELL A COMMODITY OPTION OR ENGAGE IN OFF-EXCHANGE FOREIGN CURRENCY TRADING, YOU MAY SUSTAIN A TOTAL LOSS OF THE INITIAL MARGIN FUNDS OR SECURITY DEPOSIT AND ANY ADDITIONAL FUNDS THAT YOU DEPOSIT WITH YOUR BROKER TO ESTABLISH OR MAINTAIN YOUR POSITION. IF THE MARKET MOVES AGAINST YOUR POSITION, YOU MAY BE CALLED UPON BY YOUR BROKER TO DEPOSIT A SUBSTANTIAL AMOUNT OF ADDITIONAL MARGIN FUNDS, ON SHORT NOTICE, IN ORDER TO MAINTAIN YOUR POSITION. IF YOU DO NOT PROVIDE THE REQUESTED FUNDS WITHIN THE PRESCRIBED TIME, YOUR POSITION MAY BE LIQUIDATED AT A LOSS, AND YOU WILL BE LIABLE FOR ANY RESULTING DEFICIT IN YOUR ACCOUNT. UNDER CERTAIN MARKET CONDITIONS, YOU MAY FIND IT DIFFICULT OR IMPOSSIBLE TO LIQUIDATE A POSITION. THIS CAN OCCUR, FOR EXAMPLE, WHEN THE MARKET MAKES A "LIMIT MOVE." THE PLACEMENT OF CONTINGENT ORDERS BY YOU OR YOUR TRADING ADVISOR, SUCH AS A "STOP-LOSS" OR "STOP LIMIT" ORDER, WILL NOT NECESSARILY LIMIT YOUR LOSSES TO THE INTENDED AMOUNTS, SINCE MARKET CONDITIONS MAY MAKE IT IMPOSSIBLE TO EXECUTE SUCH ORDERS. A "SPREAD" POSITION MAY NOT BE LESS RISKY THAN A SIMPLE "LONG" OR "SHORT" POSITION. THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN COMMODITY INTEREST TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS. IN SOME CASES, MANAGED COMMODITY ACCOUNTS ARE SUBJECT TO SUBSTANTIAL CHARGES FOR MANAGEMENT AND ADVISORY FEES. IT MAY BE NECESSARY FOR THOSE ACCOUNTS THAT ARE SUBJECT TO THESE CHARGES TO MAKE SUBSTANTIAL TRADING PROFITS TO AVOID DEPLETION OR EXHAUSTION OF THEIR ASSETS. THE DISCLOSURE DOCUMENT CONTAINS, BEGINNING AT PAGE 12, A COMPLETE DESCRIPTION OF EACH FEE TO BE CHARGED TO YOUR ACCOUNT BY THE COMMODITY TRADING ADVISOR. THIS BRIEF STATEMENT CANNOT DISCLOSE ALL THE RISKS AND OTHER SIGNIFICANT ASPECTS OF THE COMMODITY INTEREST MARKETS. YOU SHOULD THEREFORE, CAREFULLY STUDY THE DISCLOSURE DOCUMENT AND COMMODITY INTEREST TRADING BEFORE YOU TRADE, INCLUDING THE DESCRIPTION OF THE PRINCIPAL RISK FACTORS OF THIS INVESTMENT, BEGINNING AT PAGE 7. THIS COMMODITY TRADING ADVISOR IS PROHIBITED BY LAW FROM ACCEPTING FUNDS IN THE TRADING ADVISOR'S NAME FROM A CLIENT FOR TRADING COMMODITY INTERESTS. YOU MUST PLACE ALL FUNDS FOR TRADING IN THIS TRADING PROGRAM DIRECTLY WITH A FUTURES COMMISSION MERCHANT OR RETAIL FOREIGN EXCHANGE DEALER, AS APPLICABLE.