Introduction to CVOL Skew

Option traders have many different definitions of skew. In probability theory and statistics, skew is a measure of the asymmetry of the probability distribution of a real-valued random variable about its mean.1

On a practical level, traders quote skew in terms of price or volatility. One common measure of skew is the difference in implied volatility of two options – one put, one call – with the same absolute value of delta or same moneyness. This is known as the risk reversal. Traders use the risk reversal to express a view of the cost of downside protection versus upside protection. For example, the 25-delta risk reversal is calculated by finding both the 25-delta call and put and then taking the difference between the implied volatilities of those two specific options.

Looking at this implied volatility curve, the put has vol of 70 while the call has vol of 45.  Therefore, the risk reversal is calculated as negative 25 vol points. This curve would be ‘skewed’ to the downside. 

Just as simple variance uses all the available option prices for volatility as opposed to a single at-the-money option, CVOL skew calculations use all the available option prices on each side of the at-the-money rather than just two individual options.

In the more traditional method, the 25-delta put is representative of the left-hand side of the area under the curve and the downside of the market.  Similarly, the 25-delta call represents the right side of the curve and the upside of the market. 

The traditional risk reversal method of calculating skew uses only two points on the implied volatility curve and therefore misses much of the available market information.

CVOL skew uses all the puts on the left side to represent the downside and all the calls on right side of the curve to represent the upside.

CVOL skew can be broken into two components: down variance and up variance, referred to as DnVar and UpVar.

DnVar is calculated by doubling the put area and using the same calculation that determines CVOL. In this example, the calculated put sigma is 68.

Similarly, UpVar is calculated by doubling the call area and using the same calculation that determines CVOL. In this example, the calculated call sigma is 45, which happens to be the same as the risk reversal call. Adjustments need to be made around at-the-money to ensure proper redistribution of variance for calls and puts.

In this example, UpVar is 45, DnVar is 68.


The difference of -23 vol points and the ratio is .6618. By using all the available strikes, we get a more precise calculation of skew.

DnVar, UpVar, and skew are part of the CVOL family of indexes. The CVOL Index provides a data set calculated using CME Group’s methodology on its own options prices. Live Streaming indices are available on CME Direct and supporting independent service vendors (ISV), and historical data is available through CME Datamine and Quickstrike.  These calculations are made daily, updated at the end of every trading day, and stored in a downloadable format.

CVOL Indexes, from CME Group, utilize the simple variance estimate method to provide expected volatility metrics derived from the entire implied volatility curve.

If you’d like to learn more contact or message me, I’ll answer your questions and provide supporting links for additional information and/or verification.

To open an account please complete this form my team will match your criteria to a brokerage firm on this list who can accommodate your regulatory jurisdiction.

Performance and educational links

1) 40 Top ATA allocations
2) VBO ATA performance by market, all data orders and trades
3) Hybrid Performance
4) EMA allocation studies
5) EMA performance by market, all data, orders and trades
6) Hedge Funds and Trading Advisors
7) Today’s Economic Reports
8) Movement by Sector & Market
9) U.S. Futures Markets Traded
10) Non U.S. Futures Markets Traded
11) Top Performing Stocks Long (52 weeks)
12) Top Performers Stocks Short (52 weeks)
13) Top 100 ETFs
14) Exchanges traded
15) Brokerage Firms
16) Safety of Funds
17) About Automated Trading Accounts
18) Defining Overall Account Risk
19) Our Fee Structure
20) Open an Account minimums $10,000 to $500,000
21) Educational Videos & Resources
22) Research Reports
23) Video Archive 

Contact or message me  with any questions.

Regards,
Peter
Direct +340-244-4310

Skype: Peter Knight Advisor  voice or video chat
Message me
Chicago +312-436-2891
London  +44-20-8133-8076
       

  Disclosure 


Link to monitor this position
Barchart
Peter-Knight-Advisor@outlook.com (Username)
CVOL230701 (Password)

This strategy does not trade in and out of the market, it maintains positions with risk defined to the penny until the profit objectives are achieved or the contacts expire in 337 days (28 May 2024).

The objective of this trade is to capture the potential range in gold over the next 337 days, below is the risk reward for the exact trade for your account and potential impact on your balance, we’ll be trading a minimum of 1 unit to a maximum of 4. .

Per unit risk/reward we’re trading a minuimum allocation 1 unit, maximum 4
 
Working balance EET-90057 $83,457.86
Current cash balance
$80,319.14
Buy a $65,000 T-bill with a maturity of 28 May 2024 (yield 5.23%)
$3,138.72
Maximum trade duration
337 days
Potential impact on account  EET-90057
Value
If gold trades at $2,255 (+10.26%) once in the next 337 days +$23,920
$107,377.86
If gold trades at $1,655 (-19.32%) once in the next 337 days +$37,920
$121,377.86
If Gold trades at both at $1,655 and $2,255 in the next 337 days +$61,840.00
$145,297.86
Worst case liquidating value 28 May 2024 without interest income -$7,280.00
$73,039.14
Worst case liquidating value 28 May 2024 with interest income     $4,141.28
$76,177.86
Options educational videos
Market Comex Gold 
Gold Chart
Gold Option Quotes

Where the CME CVOL measurement prices the high and low for gold during the next 12 months.

High $2,255 Max 12 month range,  Jan 79 – Jan 80 270.21%
Percent change higher +10.26% Min  12 month range, Sep 94 – Sep 95 6.74%
Low $1,650 Average 12 month range, 1980-2023 29.36%
Percent change lower -19.32% Highest High, August 2020 $2,070.48
Range $605.00 Lowest Low, July 1999 $252.48
Percent range 29.95% Average price 1980 – 2023 $752.70

CVOL measurement

Following the Fed’s June meeting, the CME Group FedWatch tool tells us the probability of further interest rate hikes remains while the turmoil surrounding the banking sector has not disappeared, traders and investors have been torn, between higher rates that would pressure gold lower or parking funds in the oldest monetary safe haven gold pressuring the price higher.

    •  March 10: US regulators take over SVB
    • March 15: Credit Suisse borrows over $53B from the Swiss National Bank
    • March 17: SVB files for Ch 11 bankruptcy
    • March 18: UBS agrees to purchase Credit Suisse
    • May 3: FOMC meeting
    • May 30: Rule Committee brings debt ceiling legislation to the floor

Using the CME Group CVOL measurement, in the chart above the convexity in gold options is at the upper end of the range.  Convexity is a measure of the ratio of the volatility level of the out-of-the-money strikes to that of the at-the-money, meaning how expensive are the “extreme move” options. 

Below positions for this trade and potential outcomes by 28 Mar 2023.

Action # Strike Type Price Paid/Collected Purpose
Buy 5 2355 Calls 41 -$20,500 To hedge upside risk on the 2255 write
Write 10 2255 Calls 56.1 $56,100 Write, to generate time premium 
Buy 5 2155 Calls 78.1 -$39,050 To capture the move from 2155 to 2255 
Market 2020 Option Expiration 28 May (337 days)
Buy 5 1750 Puts 19.4 -$9,700 To capture the move from 1750 to 1650 
Write 10 1650 Puts 10.1 $10,100 Write, to generate time premium 
Buy 5 1550 Puts 5.1 -$2,550 To hedge downside on the 1650 write
Potential outcomes of this trade
Max risk net of all bid/ask spreads & fees -$7,280 Gold stays flat for 337 days
Gold hits $2,255 once in 337 days  $23,920 +10.26% move to the upside
Gold hits $1,650 once in 337 days  $37,920 -19.32% move to the downside
Gold hits $2,255 & $1650 once in 341 days $61,840 Does not matter which occurs first
We use spread price orders on entry and

Educational Resources & Links

1) Today’s Economic Reports
2) Movement by Sector & Market
3) U.S. Futures Markets Traded
4) Non U.S. Futures Markets Traded
5) Top Performing Stocks Long (52 weeks) 
6) Top Performers Stocks Short (52 weeks)
7) Top 100 ETFs
8) Exchanges traded
9) Brokerage Firms
10) Safety of Funds
11) About Automated Trading Accounts
12) Defining Overall Account Risk
13) Our Fee Structure
14) Open an Account minimums $25,000 to $500,000
15) Educational Videos & Resources
16) Research Reports
17) Video Archive

Contact or message me  with any questions and  I’ll provide answers and supporting links for additional information and/or verification.

Regards,
Peter
Direct +340-244-4310

Skype: Peter Knight Advisor  voice or video chat
Message me
Chicago +312-436-2891
London  +44-20-8133-8076
       

  Disclosure

 

 


Contact me with any questions
My current date/time October 2, 2023 11:56 pm

Peter Knight Advisor
Direct +1-340-244-4310
Skype: Peter Knight Advisor voice or video chat
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Disclosure


1) 813750 Spreadsheet, all data, every order and trade

2) 2019-2023 monthly and annual net performance per unit, no compounding, withdrawing all profits annually. Contract or message me with any questions.

Disclosure

4) What we do, my team researches Hedge Funds, CTAs, objective long/short trading programs and provides access to top the performers through the safest and most capable firms worldwide. All objective trading programs are fully automated through our platform on ChartVPS using CQG integrated client linked to multiple exchange members worldwide

5) How it works, you decide on an allocation you want to trade, we place, monitor, manage all trades 24 hours a day, markets traded and contact sizes can be changed at any time.

6) Define your overall account risk, but it should be realistic, in 2023 with the benefit of hindsight, diversification and optimization a capable analyst with access to 6,200 hedge funds, CTA’s and trading programs could optimize performance and produce an allocation where there are no losing years.

7) Our fee structure is based on 5.00% to 12.50% of net new high profits quarterly (depends on start balance).

    • 0.00% front load.
    • 0.00% management fee.
    • We pay all server, platform and add on fees.
    • Quarterly incentive fees are approved by the client prior to being deducted.
    • Allocations can be changed at any time.
    • Liquidity 2 to 48 hours in any major currency.
    • Minimums $12,500 to $500,000.

8) How balances are guaranteed plus or minus trading activity

Every firm we use segregates customer accounts, balances are guaranteed plus of minus trading activity by the Financial Safeguard System the FSS has protected customer balances for over 100 years with zero defaults, unlike SPIC that protects balances up to 500,000 or FDIC up to 250,000 the FSS has no limit.

9) To open an account  please complete this form my team will match your criteria to a brokerage firm on this list who can accommodate the markets, programs you want to trade and your regulatory jurisdiction.

10) Educational videos and resources

10.01  Futures General Information
10.02  Options General Information
10.03  Stock Index Futures
10.04  Interest Rate Futures
10.05  Metals Futures
10.06  Energy Futures
10.07  Currency Futures
10.08  CME Learning Center
10.09  Futures Fundamentals
10.10  Education Material
10.11  Resource Center
10.12  Research Reports
10.13  Podcasts
10.14  Monthly FX Review
10.15  Media Room
10.16  Economic reports & data

If you’d like to learn more about Automated Trading Accounts (ATAs) contact me. My current date & time is October 2, 2023 11:56 pm I’m available from 7 am to 7 pm Monday through Thursday, 7 am to 2 pm on Fridays, off hours text, Skype or message me with a call back date and time (please use your local time zone).

Peter Knight Advisor
Direct VI Phone +1-340-244-4310
Skype:: Peter Knight Advisor
Message me

Peter_Knight@peterknightadvisor.com

 

Disclosure


1) 353651 Spreadsheet, all data, orders, trades and 2019-2023 performance

2) 2019-2023 monthly and annual net performance per unit, no compounding, withdrawing all profits annually. Contract or message me with any questions.

Disclosure

4) What we do, my team researches Hedge Funds, CTAs, objective long/short trading programs and provides access to top the performers through the safest and most capable firms worldwide. All objective trading programs are fully automated through our platform on ChartVPS using CQG integrated client linked to multiple exchange members worldwide

5) How it works, you decide on an allocation you want to trade, we place, monitor, manage all trades 24 hours a day, markets traded and contact sizes can be changed at any time.

6) Define your overall account risk, but it should be realistic, in 2023 with the benefit of hindsight, diversification and optimization a capable analyst with access to 6,200 hedge funds, CTA’s and trading programs could optimize performance and produce an allocation where there are no losing years.

7) Our fee structure is based on 5.00% to 12.50% of net new high profits quarterly (depends on start balance).

    • 0.00% front load.
    • 0.00% management fee.
    • We pay all server, platform and add on fees.
    • Quarterly incentive fees are approved by the client prior to being deducted.
    • Allocations can be changed at any time.
    • Liquidity 2 to 48 hours in any major currency.
    • Minimums $12,500 to $500,000.

8) How balances are guaranteed plus or minus trading activity

Every firm we use segregates customer accounts, balances are guaranteed plus of minus trading activity by the Financial Safeguard System the FSS has protected customer balances for over 100 years with zero defaults, unlike SPIC that protects balances up to 500,000 or FDIC up to 250,000 the FSS has no limit.

9) To open an account  please complete this form my team will match your criteria to a brokerage firm on this list who can accommodate the markets, programs you want to trade and your regulatory jurisdiction.

10) Educational videos and resources

10.01  Futures General Information
10.02  Options General Information
10.03  Stock Index Futures
10.04  Interest Rate Futures
10.05  Metals Futures
10.06  Energy Futures
10.07  Currency Futures
10.08  CME Learning Center
10.09  Futures Fundamentals
10.10  Education Material
10.11  Resource Center
10.12  Research Reports
10.13  Podcasts
10.14  Monthly FX Review
10.15  Media Room
10.16  Economic reports & data

If you’d like to learn more about Automated Trading Accounts (ATAs) contact me. My current date & time is October 2, 2023 11:56 pm I’m available from 7 am to 7 pm Monday through Thursday, 7 am to 2 pm on Fridays, off hours text, Skype or message me with a call back date and time (please use your local time zone).

Peter Knight Advisor
Direct VI Phone +1-340-244-4310
Skype:: Peter Knight Advisor
Message me

Peter_Knight@peterknightadvisor.com


Disclosure


1) 118851 Spreadsheet, all data, every order and trade

2) 2019-2023 monthly and annual net performance per unit, no compounding, withdrawing all profits annually. Contract or message me with any questions.

Disclosure

4) What we do, my team researches Hedge Funds, CTAs, objective long/short trading programs and provides access to top the performers through the safest and most capable firms worldwide. All objective trading programs are fully automated through our platform on ChartVPS using CQG integrated client linked to multiple exchange members worldwide

5) How it works, you decide on an allocation you want to trade, we place, monitor, manage all trades 24 hours a day, markets traded and contact sizes can be changed at any time.

6) Define your overall account risk, but it should be realistic, in 2023 with the benefit of hindsight, diversification and optimization a capable analyst with access to 6,200 hedge funds, CTA’s and trading programs could optimize performance and produce an allocation where there are no losing years.

7) Our fee structure is based on 5.00% to 12.50% of net new high profits quarterly (depends on start balance).

    • 0.00% front load.
    • 0.00% management fee.
    • We pay all server, platform and add on fees.
    • Quarterly incentive fees are approved by the client prior to being deducted.
    • Allocations can be changed at any time.
    • Liquidity 2 to 48 hours in any major currency.
    • Minimums $12,500 to $500,000.

8) How balances are guaranteed plus or minus trading activity

Every firm we use segregates customer accounts, balances are guaranteed plus of minus trading activity by the Financial Safeguard System the FSS has protected customer balances for over 100 years with zero defaults, unlike SPIC that protects balances up to 500,000 or FDIC up to 250,000 the FSS has no limit.

9) To open an account  please complete this form my team will match your criteria to a brokerage firm on this list who can accommodate the markets, programs you want to trade and your regulatory jurisdiction.

10) Educational videos and resources

10.01  Futures General Information
10.02  Options General Information
10.03  Stock Index Futures
10.04  Interest Rate Futures
10.05  Metals Futures
10.06  Energy Futures
10.07  Currency Futures
10.08  CME Learning Center
10.09  Futures Fundamentals
10.10  Education Material
10.11  Resource Center
10.12  Research Reports
10.13  Podcasts
10.14  Monthly FX Review
10.15  Media Room
10.16  Economic reports & data

If you’d like to learn more about Automated Trading Accounts (ATAs) contact me. My current date & time is October 2, 2023 11:56 pm I’m available from 7 am to 7 pm Monday through Thursday, 7 am to 2 pm on Fridays, off hours text, Skype or message me with a call back date and time (please use your local time zone).

Peter Knight Advisor
Direct VI Phone +1-340-244-4310
Skype:: Peter Knight Advisor
Message me

Peter_Knight@peterknightadvisor.com


Disclosure


1) 277630 Spreadsheet, all data, every order and trade

2) 2019-2023 monthly and annual net performance per unit, no compounding, withdrawing all profits annually. Contract or message me with any questions.

Disclosure

4) What we do, my team researches Hedge Funds, CTAs, objective long/short trading programs and provides access to top the performers through the safest and most capable firms worldwide. All objective trading programs are fully automated through our platform on ChartVPS using CQG integrated client linked to multiple exchange members worldwide

5) How it works, you decide on an allocation you want to trade, we place, monitor, manage all trades 24 hours a day, markets traded and contact sizes can be changed at any time.

6) Define your overall account risk, but it should be realistic, in 2023 with the benefit of hindsight, diversification and optimization a capable analyst with access to 6,200 hedge funds, CTA’s and trading programs could optimize performance and produce an allocation where there are no losing years.

7) Our fee structure is based on 5.00% to 12.50% of net new high profits quarterly (depends on start balance).

    • 0.00% front load.
    • 0.00% management fee.
    • We pay all server, platform and add on fees.
    • Quarterly incentive fees are approved by the client prior to being deducted.
    • Allocations can be changed at any time.
    • Liquidity 2 to 48 hours in any major currency.
    • Minimums $12,500 to $500,000.

8) How balances are guaranteed plus or minus trading activity

Every firm we use segregates customer accounts, balances are guaranteed plus of minus trading activity by the Financial Safeguard System the FSS has protected customer balances for over 100 years with zero defaults, unlike SPIC that protects balances up to 500,000 or FDIC up to 250,000 the FSS has no limit.

9) To open an account  please complete this form my team will match your criteria to a brokerage firm on this list who can accommodate the markets, programs you want to trade and your regulatory jurisdiction.

10) Educational videos and resources

10.01  Futures General Information
10.02  Options General Information
10.03  Stock Index Futures
10.04  Interest Rate Futures
10.05  Metals Futures
10.06  Energy Futures
10.07  Currency Futures
10.08  CME Learning Center
10.09  Futures Fundamentals
10.10  Education Material
10.11  Resource Center
10.12  Research Reports
10.13  Podcasts
10.14  Monthly FX Review
10.15  Media Room
10.16  Economic reports & data

If you’d like to learn more about Automated Trading Accounts (ATAs) contact me. My current date & time is October 2, 2023 11:56 pm I’m available from 7 am to 7 pm Monday through Thursday, 7 am to 2 pm on Fridays, off hours text, Skype or message me with a call back date and time (please use your local time zone).

Peter Knight Advisor
Direct VI Phone +1-340-244-4310
Skype:: Peter Knight Advisor
Message me

Peter_Knight@peterknightadvisor.com


Disclosure


1) 25557 Spreadsheet, all data, every order and trade

2) 2019-2023 monthly and annual net performance per unit, no compounding, withdrawing all profits annually. Contract or message me with any questions.

Disclosure

4) What we do, my team researches Hedge Funds, CTAs, objective long/short trading programs and provides access to top the performers through the safest and most capable firms worldwide. All objective trading programs are fully automated through our platform on ChartVPS using CQG integrated client linked to multiple exchange members worldwide

5) How it works, you decide on an allocation you want to trade, we place, monitor, manage all trades 24 hours a day, markets traded and contact sizes can be changed at any time.

6) Define your overall account risk, but it should be realistic, in 2023 with the benefit of hindsight, diversification and optimization a capable analyst with access to 6,200 hedge funds, CTA’s and trading programs could optimize performance and produce an allocation where there are no losing years.

7) Our fee structure is based on 5.00% to 12.50% of net new high profits quarterly (depends on start balance).

    • 0.00% front load.
    • 0.00% management fee.
    • We pay all server, platform and add on fees.
    • Quarterly incentive fees are approved by the client prior to being deducted.
    • Allocations can be changed at any time.
    • Liquidity 2 to 48 hours in any major currency.
    • Minimums $12,500 to $500,000.

8) How balances are guaranteed plus or minus trading activity

Every firm we use segregates customer accounts, balances are guaranteed plus of minus trading activity by the Financial Safeguard System the FSS has protected customer balances for over 100 years with zero defaults, unlike SPIC that protects balances up to 500,000 or FDIC up to 250,000 the FSS has no limit.

9) To open an account  please complete this form my team will match your criteria to a brokerage firm on this list who can accommodate the markets, programs you want to trade and your regulatory jurisdiction.

10) Educational videos and resources

10.01  Futures General Information
10.02  Options General Information
10.03  Stock Index Futures
10.04  Interest Rate Futures
10.05  Metals Futures
10.06  Energy Futures
10.07  Currency Futures
10.08  CME Learning Center
10.09  Futures Fundamentals
10.10  Education Material
10.11  Resource Center
10.12  Research Reports
10.13  Podcasts
10.14  Monthly FX Review
10.15  Media Room
10.16  Economic reports & data

If you’d like to learn more about Automated Trading Accounts (ATAs) contact me. My current date & time is October 2, 2023 11:56 pm I’m available from 7 am to 7 pm Monday through Thursday, 7 am to 2 pm on Fridays, off hours text, Skype or message me with a call back date and time (please use your local time zone).

Peter Knight Advisor
Direct VI Phone +1-340-244-4310
Skype:: Peter Knight Advisor
Message me

Peter_Knight@peterknightadvisor.com


Disclosure


1) 40 of the Top ATA allocations Jan 2019 – May 2023. 

All programs trade long & short using fully disclosed trading methodology, we’ve provided all supporting historical data, every order generated, trade-by-trade cumulative performance and drawdown, contact or message me with any questions. 

Allocation Advised Margin  Net     Last 12  Monthly HL
Max High to Risk 
Webpage Minimum Required Profit Months Drawdown Lowest low Tolerance
353650 $300,000 $169,486 $2,631,238 $854,359 -$9,218 -$56,353 -$100,000
813750 $300,000 $129,465 $2,338,081 $750,784 $0 -$57,318 -$100,000
4197078 $250,000 $114,395 $1,955,290 $590,027 -$13,495 -$38,924 -$51,000
199407 $200,000 $102,559 $1,732,963 $547,930 -$11,358 -$32,782 -$50,000
419946 $200,000 $103,681 $1,641,448 $511,726 -$8,490 -$31,075 -$40,000
363267 $150,000 $84,667 $1,502,893 $472,474 -$15,450 -$29,890 -$50,000
134096 $150,000 $77,481 $1,325,493 $445,339 -$14,538 -$25,668 -$45,000
812387 $150,000 $76,029 $1,260,242 $422,041 -$5,951 -$23,393 -$35,000
609101 $100,000 $65,076 $1,006,645 $343,572 -$8,431 -$17,307 -$30,000
630001 $100,000 $64,812 $946,718 $318,516 -$6,670 -$15,980 -$30,000
7105896 $100,000 $61,853 $910,248 $307,060 -$7,360 -$15,756 -$30,000
113864 $75,000 $40,920 $702,992 $234,340 -$5,735 -$13,477 -$30,000
344174 $75,000 $37,125 $668,681 $216,820 -$4,289 -$13,317 -$25,000
811386 $75,000 $38,225 $598,737 $193,218 -$3,474 -$11,655 -$25,000
293735 $50,000 $29,760 $598,772 $184,271 -$6,232 -$13,587 -$19,000
290177 $50,000 $28,666 $555,648 $178,225 -$4,908 -$12,542 -$20,000
293737 $50,000 $28,616 $521,716 $163,612 -$4,794 -$11,326 -$20,000
37999 $50,000 $28,358 $492,090 $154,061 -$7,088 -$9,641 -$22,000
130632 $50,000 $32,802 $490,950 $152,980 -$5,947 -$9,613 -$18,000
124240 $50,000 $31,251 $461,226 $141,561 -$5,143 -$8,838 -$16,000
35469 $50,000 $25,814 $451,679 $135,201 -$6,521 -$9,655 -$20,000
33708 $50,000 $24,970 $442,288 $135,588 -$6,173 -$8,738 -$19,000
31903 $40,000 $23,617 $417,394 $127,431 -$5,046 -$8,286 -$16,000
116585 $35,000 $25,286 $385,365 $120,423 -$2,941 -$7,700 -$12,500
113678 $35,000 $21,194 $356,616 $104,918 -$4,186 -$7,315 -$13,000
204867 $35,000 $18,631 $323,153 $90,872 -$4,413 -$6,924 -$14,000
115856 $35,000 $17,289 $319,007 $94,035 -$5,219 -$7,531 -$16,000
73052 $30,000 $17,553 $318,021 $96,405 -$3,594 -$7,237 -$11,000
820468 $30,000 $13,538 $270,027 $72,443 -$5,053 -$6,568 -$13,000
91738 $30,000 $11,250 $237,520 $61,433 -$4,349 -$6,148 -$14,000
29151 $25,000 $12,108 $245,429 $65,351 -$4,542 -$6,025 -$14,000
429369 $25,000 $11,613 $236,698 $64,552 -$3,952 -$6,016 -$12,000
25550 $25,000 $11,066 $231,206 $65,602 -$4,917 -$6,073 -$15,000
11390 $25,000 $10,898 $230,851 $63,339 -$3,974 -$6,017 -$12,000
118851 $25,000 $14,003 $227,895 $75,541 -$3,126 -$8,851 -$10,000
277630 $25,000 $9,438 $214,682 $59,914 -$4,839 -$6,227 -$10,000
728559 $25,000 $11,440 $198,957 $62,860 -$3,328 -$5,034 -$10,000
113864 $25,000 $10,769 $182,088 $60,872 -$2,276 -$4,792 -$10,000
12595 $20,000 $8,514 $160,063 $50,143 -$3,581 -$4,151 -$11,000
25557 $20,000 $9,218 $152,364 $49,453 -$2,173 -$4,457 -$10,000
Disclosure 

Maximum high to lowest low drawdowns are marked-to-market daily which gives a far better representation of risk versus highest monthly high to lowest low. Risk Tolerance is the allocation’s built in equity stop, if an allocation experiences a loss equal to or exceeding the risk tolerance level all positions for that allocation are liquidated on or before the next settlement.

Use this spreadsheet to create your own allocation trading any combination of the 27 markets below and instantly review 2019-2023 performance. Any allocation can be traded automatically with overall account risk defined before the first trade goes on. allocations can be changed at anytime, liquidity in portion or all 2 to 48 hours in any major currency.

    • Download and enable editing (allow 3-10 seconds)
    • Enter the markets and number of contracts traded in column I, cells 19 through 45
    • Recommended start balance shows in cell H-29 or enter your own in cell H-19
    • Cumulative profit net of all spreads and fees, cell H-20
    • Monthly highest high to lowest low drawdown cell H-22
    • Risk tolerance (what you should be prepared to risk) cell H-31
    • Your allocation’s monthly and annual performance columns B through H
    • Individual market monthly and annual performance columns L through QF
    • Cells F19-F45 and below easy to download text files containing full disclosure of trading methodology, 2019-2023 historical data. all orders generated, every trade entry, exit profit or loss and marked to market performance.
    • There are 134,217,727 possible combinations of the 27 markets below, linked here a text file containing the top 100,000 from Jan 2019 through May 2023,

2019-2023 net performance per contract

    • Click on All Data, Orders & Trades for any market, example ES101 a text file will open in less than 2 seconds containing full disclosure of trading methodology, all data, every order, trade and marked to market performance from 2019 through 2023, (53 months).
    • Performance represented is trading a single contact deducting $25/$50.00 per trade for bid/ask spreads, brokerage, exchange and regulatory fees.
    • Drawdowns are measured from highest daily high to lowest daily low prior to recovery
    • Contact or message me with any questions or to do an online review, online reviews take 15-30 minutes when we’re done you’ll know how to calculate entries, stops, objectives to the exact price enabling you to verify daily marked to market performance from 2019 through 2023 for any market.
Markets & Contact Specifications
Exchange Margin  Requirement All Data, Orders & Trades Net Profit Per  Contract Last 12 Months Per Contract
Monthly  Highest High to low Highest Daily High to Lowest Daily Low
SP 500 $12,230 ES101 $127,863 $46,738 -$11,200 -$16,400
SP 500 Micro $1,232 ET302 $19,769 $3,830 -$2,173 -$2,344
Nasdaq  $18,480 NQ101 $394,735 $94,040 -$26,425 -$36,990
Nasdaq Micro $1,848 NM302 $32,563 $6,458 -$2,998 -$4,060
Dow $8,800 YM101 $143,780 $56,325 -$6,870 -$12,700
Dow Micro $880 YR304 $13,100 $5,736 -$1,728 -$2,431
Gold 100 $9,130 GC102 $92,454 $31,570 -$9,347 -$13,113
Gold 50 $4,565 QO201 $59,493 $25,318 -$3,619 -$5,981
Gold 10 $913 GR302 $10,677 $4,475 -$1,253 -$1,419
Silver 5,000 $10,450 SI101 $251,390 $62,290 -$12,530 -$19,300
Silver 2,500 $5,225 QI202 $142,142 $46,385 -$7,525 -$9,748
Silver 1,000 $2,090 SO302 $53,170 $15,727 -$2,786 -$4,256
Copper  25,000 $7,150 HG100 $62,663 $16,045 -$6,820 -$9,075
Copper 12,500 $3,575 QC201 $37,194 $17,106 -$5,638 -$7,119
Copper 2,500 $715 QL303 $5,848 $1,213 -$1,384 -$1,458
Crude 1000 B $6,380 CL104 $214,330 $70,650 -$14,120 -$17,440
Crude 500 B $3,190 QM204 $102,850 $27,640 -$6,490 -$7,635
Crude 100 B $638 CY303 $19,047 $6,944 -$1,633 -$2,043
Gas 42,000 $7,700 RB101 $252,169 $95,314 -$18,245 -$26,636
Gas 21,000 $4,070 QU105 $126,084 $47,657 -$9,122 -$13,318
100,000 USD $2,750 DX100 $30,755 $11,529 -$1,720 -$3,466
125,000 CHF $4,950 S6100 $39,013 $13,750 -$3,663 -$4,537
125,000 EUR $2,915 E6100 $32,950 $5,475 -$2,813 -$3,550
62,500 EUR $1,460 E7200 $16,169 $3,425 -$1,406 -$2,031
12,5M JPY $4,092 J6104 $50,556 $17,769 -$7,669 -$8,081
6.25M JPY $2,046 J7201 $25,794 $6,981 -$2,634 -$3,450
100,000 CAD  $1,375 DX100 $21,830 $6,535 -$2,945 -$4,765
Disclosure 

What we do, my team researches Hedge Funds, CTAs, objective long/short trading programs and provides access to top the performers through the safest and most capable firms worldwide. All objective trading programs are fully automated through our platform on ChartVPS using CQG integrated client linked to multiple exchange members worldwide

How it works, decide on an allocation or, markets/periods you want to traded, we place, monitor, manage all trades 24 hours a day, markets, periods traded and contact size can be changed at any time.

Define your overall account risk, but it should be realistic, in 2023 with the benefit of hindsight, diversification and optimization a capable analyst with access to 6,200 hedge funds, CTA’s and trading programs could optimize performance and produce an allocation where there are no losing quarters over a 10 year period.

Our fee structure is based on 5.00% to 12.50% of net new high profits quarterly (depends on start balance)

    • 0.00% front load.
    • 0.00% management fee.
    • We pay all server, platform and add on fees.
    • Quarterly incentive fees are approved by the client prior to being deducted.
    • Allocations can be changed at any time.
    • Liquidity 2 to 48 hours in any major currency.
    • Minimums $12,500 to $500,000.

How balances are guaranteed plus or minus trading activity

Every firm we use segregates customer accounts, balances are guaranteed plus of minus trading activity the Financial Safeguard System the FSS has protected customer balances for over 100 years with zero defaults, unlike SPIC that protects balances up to 500,000 or FDIC up to 250,000 the FSS has no limit.

To open an account  please complete this form my team will match your criteria to a brokerage firm on this list that can accommodate the markets, programs you want to trade and your regulatory jurisdiction.

Educational videos and resources

10.01  Futures General Information
10.02  Options General Information
10.03  Stock Index Futures
10.04  Interest Rate Futures
10.05  Metals Futures
10.06  Energy Futures
10.07  Currency Futures
10.08  CME Learning Center
10.09  Futures Fundamentals
10.10  Education Material
10.11  Resource Center
10.12  Research Reports
10.13  Podcasts
10.14  Monthly FX Review
10.15  Media Room
10.16  Economic reports & data

If you’d like to learn more about Automated Trading Accounts (ATAs) contact me. My current date & time is October 2, 2023 11:56 pm I’m available from 7 am to 7 pm Monday through Thursday, 7 am to 2 pm on Fridays, off hours text, Skype or on site message me  with a call back date and time (please use your local time zone).

Peter Knight Advisor
Direct VI Phone +1-340-244-4310
Skype:: Peter Knight Advisor
Message me

Peter_Knight@peterknightadvisor.com


Disclosure

EMA 9-18 Allocation Studies 230331


1) EMA 9-18 allocations studies, updated quarterly
We’ve added Chicago Mercantile Exchangemicro contracts, to our line-up, micros are 1/10 the size of a normal contract enabling a 25K to 50K account the same diversification that use to require 250K to 500K. Micros are excellent for “trial accounts” and enable you to capture a small piece of the beautiful up and down trends we’re seeing . For allocations that trade mini and micros see allocations 22-50.

# Allocation Webpage Minimum Account Margin Required Net Profit  Draw-      down Risk Tolerance Last 12 Months
1 1-3H, M, FX, E, I $500,000 $161,576 $7,437,058 -$869 -$162,000 $1,513,426
2 1-5H, M, FX, E, I $500,000 $161,576 $7,005,301 -$5,968 -$162,000 $1,321,714
3 1-3-5H, M, FX, E,I $500,000 $242,364 $10,007,453 -$12,708 -$243,000 $1,844,195
4 Optimized $500,000 $159,926 $7,384,499 $0 -$200,000 $1,466,037
5 5-H, M, FX, E, I $350,000 $80,788 $2,570,395 -$64,033 -$161,000 $330,769
6 1-H, M, FX, E, I $250,000 $80,788 $4,434,906 -$7,100 -$81,000 $990,945
7 3-H, M, FX, E, I $250,000 $80,788 $3,002,151 -$49,444 -$124,000 $522,481
8 1-3 H,  M, FX, E $250,000 $103,656 $5,003,357 -$16,760 -$104,000 $893,620
9 1-5 H, M, FX, E $250,000 $103,656 $4,839,515 -$10,382 -$102,000 $804,767
10 1-3 H, M, E, I $250,000 $118,530 $5,140,677 -$23,250 -$119,000 $1,222,802
11 1-5 H, M, E, I $250,000 $118,530 $4,813,970 -$13,850 -$119,000 $1,046,705
12 5-H, FX, I $250,000 $50,483 $1,462,453 -$78,716 -$197,000 $168,489
13 1-3 H, FX, I $250,000 $100,966 $4,730,082 -$968 -$101,000 $910,431
14 1-5 H, FX, I $250,000 $100,966 $4,357,117 -$39,197 -$101,000 $791,956
15 3-H, M, E, I $150,000 $59,265 $2,140,428 -$33,842 -$85,000 $434,840
16 1-H, M, FX, E $125,000 $51,828 $2,974,899 -$5,005 -$52,000 $570,462
17 3-H, M, FX, E $125,000 $51,828 $2,028,458 -$32,699 -$82,000 $323,158
18 5-H, M, FX, E $125,000 $51,828 $1,864,616 -$19,607 -$52,000 $234,305
19 1-H, FX, I $125,000 $50,483 $2,894,664 -$5,924 -$51,000 $623,466
20 3-H, FX, I $125,000 $50,483 $1,835,418 -$32,346 -$81,000 $286,965
21 1-H, M, E, I $100,000 $59,265 $3,000,249 -$17,504 -$60,000 $787,962
# Mini & Micro Minimum Margin Net Profit Draw Risk-T Last 12
22 1-3-5 H, All   $75,000 $30,342 $1,350,024 -$4,507 -$31,000 $219,465
23 1-5H Mc, J7, E7 $50,000 $20,228 $953,208 -$154 -$21,000 $154,979
24 1,3,5 H, 71165 $50,000 $20,360 $980,307 -$1,915 -$21,000 $169,986
25 Micro Mini 5778 $50,000 $18,429 $1,021,816 -$188 -$25,000 $204,960
26 Micro Mini  7715 $50,000 $15,772 $964,498 -$292 -$25,000 $179,839
27 All 1& 5-H Micros $40,000 $18,065 $753,436 -$2,162 -$19,000 $140,203
28 1-3H Mc,J7, E7 $40,000 $20,228 $1,001,929 -$3,625 -$21,000 $176,291
29 All 1& 3-H Micros $35,000 $17,314 $774,980 -$3,253 -$18,000 $154,826
30 1-3 H, I M, E $35,000 $13,904 $594,385 -$2,926 -$15,000 $135,637
31 1-5 H, I M, E $35,000 $13,904 $559,887 -$1,895 -$15,000 $115,298
32 Micro Mini 9940 $35,000 $11,708 $725,407 $0 -$15,000 $143,028
33 Micro Mini 4355 $30,000 $6,841 $388,565 -$931 -$15,000 $111,791
34 1-H, I M, E, FX $25,000 $10,114 $605,114 -$1,145 -$15,000 $111,806
35 3-H, I M, E, FX $25,000 $10,114 $396,815 -$7,028 -$18,000 $64,485
36 5-H, I M, E, FX $25,000 $10,114 $348,094 -$6,734 -$17,000 $43,173
37 1 H, I M, E $25,000 $6,952 $346,158 -$5,188 -$12,500 $86,224
38 3 H, I M, E $25,000 $6,952 $248,228 -$2,166 -$13,000 $49,414
39 5 H, I M, E $25,000 $6,952 $213,729 -$6,637 -$17,000 $29,074
40 Micro-Mini  D  $25,000 $10,565 $605,114 -$1,144 -$15,000 $111,805
41 1-5 H, I, M $25,000 $12,012 $492,482 -$2,198 -$15,000 $102,303
42 1-5 H, M, E $25,000 $8,096 $343,307 (($2,653) -$15,000 $63,617
43 5-H, & J7  $25,000 $9,408 $294,184 -$6,267 -$15,000 $42,013
44 1-H, I & M  $25,000 $6,006 $309,732 -$1,503 -$12,500 $75,485
45 1 H, I, M, & E DX $25,000 $7,919 $437,235 $1,463) -$15,000 $115,518
46 1 H,Micro Metals  $25,000 $3,102 $163,730 -$2,670 -$10,000 $33,447
47 1H,Micro Indices $25,000 $2,904 $146,001 -$4,601 -$10,000 $42,038
48 1H Micro M & DX  $25,000 $5,832 $336,740 -$1,700 -$10,000 $86,542
49 Micro 9894 $25,000 $11,131 $551,764 -$255 -$15,000 $150,133
50 Micro Mini 7447 $25,000 $10,135 $659,766 -$383 -$17,500 $130,360
Disclosure

How Automated Trading Accounts work

You pick an allocation or, markets/periods you want traded, you define the overall account risk, complete this form and we’ll match you to a firm on this list,. My team places, monitors, manages all trades 24 hours a day, we cover all platform costs and base compensation on 5.00% to 12.50% of net new high profits quarterly. Allocations can be changed at any time, liquidity in portion or all any major currency, 2 to 48 hours

2) Any allocation can be traded automatically for your account.

3) Using any reasonable risk tolerance & maintenance balance but it should be realistic, in 2023 with the benefit of hindsight, diversification and optimization a capable analyst with access to 6,200 hedgefunds, CTA’s and trading programs could optimize actual or hypothetical performance and produce an allocation where there are no losing months over a 10 year period.

4) Every firm we use segregates customer accounts, all balances are guaranteed plus or minus trading activity by theFinancial Safeguard System, for over 100 years they’ve been protecting customer balances with zero defaults.

5) Fee structure & Minimums

      • Compensation is based on 5.00% to 12.50% of net new high profits quarterly (depends on start balance).
      • 0.00% front load.
      • 0.00% management fee.
      • We pay all server, platform and add on fees.
      • Quarterly incentive fees are approved by the client prior to being deducted.
      • Allocations can be changed at any time.
      • Liquidity 2 to 48 hours in any major currency.
      • Minimums $12,500 to $500,000.

6) Educational videos and resources

6.01  Futures General Information
6.02  Options General Information
6.03  Stock Index Futures
6.04  Interest Rate Futures
6.05  Metals Futures
6.06  Energy Futures
6.07  Currency Futures
6.08  CME Learning Center
6.09  Futures Fundamentals
6.10  Education Material
6.11  Resource Center
6.12  Research Reports
6.13  Podcasts
6.14  Monthly FX Review
6.15  Media Room
6.16  Economic reports & data

If you’d like to learn more about Automated Trading Accounts (ATAs) contact me on +340-244-4310 or Skype Peter Knight Advisor  My current date & time is October 2, 2023 11:56 pm I’m available from 7 am to 7 pm Monday through Thursday, 7 am to 2 pm on Fridays, off hours text, Skype or on site message me  with a call back date and time (please use your local time zone).

Peter Knight Advisor
Direct VI Phone +340-244-4310
Skype:: Peter Knight Advisor
Message me

Peter_Knight@peterknightadvisor.com


Disclosure