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TCM Options Strategies
(129787689)

Created by: FrancisTan2 FrancisTan2
Started: 06/2020
Options
Last trade: 47 days ago
Trading style: Options Directional Bets

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 $39.00 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.

Trading Category: Options
Directional Bets
Category: Equity

Directional Bets

Uses primarily options to make bets about the direction or magnitude of price movements in assets.
-50.8%
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.

(78.4%)
Max Drawdown
107
Num Trades
46.7%
Win Trades
0.9 : 1
Profit Factor
50.0%
Win Months
Hypothetical Monthly Returns (includes system fee and Typical Broker commissions and fees)
 JanFebMarAprMayJunJulAugSepOctNovDecYTD
2020                                   +5.7%+45.8%(68%)  -                    

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.

Trading Record

This strategy has placed 21 trades in real-life brokerage accounts. The most recent trade in a real-money brokerage account occurred more than 76 days ago.

Download CSV
Long
Short
Both
Win
Loss
Both
Opened Date/TimeSymbolDescriptionSideQtyAvg PriceClosed Date/TimeAvg PriceDrawdownP/L
8/7/20 11:36 SPY2014T334 SPY Aug14'20 334 put LONG 10 2.82 8/15 9:35 0.00 19.77%
Trade id #130513649
Max drawdown($2,810)
Time8/14/20 0:00
Quant open10
Worst price0.01
Drawdown as % of equity-19.77%
($2,827)
Includes Typical Broker Commissions trade costs of $7.00
8/10/20 15:17 QQQ2014T270 QQQ Aug14'20 270 put LONG 10 2.63 8/15 9:35 0.00 18.44%
Trade id #130545109
Max drawdown($2,620)
Time8/14/20 0:00
Quant open10
Worst price0.01
Drawdown as % of equity-18.44%
($2,637)
Includes Typical Broker Commissions trade costs of $7.00
7/30/20 9:53 VXX2014H30 VXX Aug14'20 30 call LONG 15 2.05 8/15 9:35 0.00 21.53%
Trade id #130363687
Max drawdown($3,060)
Time8/14/20 0:00
Quant open15
Worst price0.01
Drawdown as % of equity-21.53%
($3,086)
Includes Typical Broker Commissions trade costs of $10.50
8/3/20 10:06 IWM2014T148 IWM Aug14'20 148 put LONG 10 2.98 8/15 9:35 0.00 19.35%
Trade id #130420146
Max drawdown($2,970)
Time8/13/20 0:00
Quant open10
Worst price0.01
Drawdown as % of equity-19.35%
($2,987)
Includes Typical Broker Commissions trade costs of $7.00
8/3/20 9:48 VXX2014H28 VXX Aug14'20 28 call LONG 10 2.06 8/15 9:35 0.00 14.43%
Trade id #130419145
Max drawdown($2,050)
Time8/14/20 0:00
Quant open10
Worst price0.01
Drawdown as % of equity-14.43%
($2,067)
Includes Typical Broker Commissions trade costs of $7.00
8/10/20 15:10 TSLA2014T1400 TSLA Aug14'20 1400 put LONG 3 31.82 8/15 9:35 0.00 67.15%
Trade id #130544951
Max drawdown($9,542)
Time8/14/20 0:00
Quant open3
Worst price0.01
Drawdown as % of equity-67.15%
($9,548)
Includes Typical Broker Commissions trade costs of $3.00
8/10/20 15:16 AMZN2014T3100 AMZN Aug14'20 3100 put LONG 1 23.30 8/11 10:00 34.35 1.69%
Trade id #130545100
Max drawdown($437)
Time8/11/20 0:00
Quant open1
Worst price18.93
Drawdown as % of equity-1.69%
$1,103
Includes Typical Broker Commissions trade costs of $2.00
8/3/20 9:47 SPY2010T328 SPY Aug10'20 328 put LONG 10 3.22 8/11 8:05 0.00 12.69%
Trade id #130419122
Max drawdown($3,210)
Time8/10/20 0:00
Quant open10
Worst price0.01
Drawdown as % of equity-12.69%
($3,227)
Includes Typical Broker Commissions trade costs of $7.00
7/30/20 9:54 SPY2010T320 SPY Aug10'20 320 put LONG 20 3.46 8/11 8:05 0.00 27.27%
Trade id #130363766
Max drawdown($6,900)
Time8/10/20 0:00
Quant open20
Worst price0.01
Drawdown as % of equity-27.27%
($6,934)
Includes Typical Broker Commissions trade costs of $14.00
8/10/20 9:48 TTD2014T470 TTD Aug14'20 470 put LONG 5 6.00 8/10 10:17 10.20 n/a $2,093
Includes Typical Broker Commissions trade costs of $7.00
8/7/20 11:49 SPOT2014T250 SPOT Aug14'20 250 put LONG 5 4.50 8/10 9:55 6.40 0.41%
Trade id #130514298
Max drawdown($100)
Time8/7/20 11:53
Quant open5
Worst price4.30
Drawdown as % of equity-0.41%
$943
Includes Typical Broker Commissions trade costs of $7.00
8/7/20 11:36 TWLO2014T242.5 TWLO Aug14'20 242.5 put LONG 5 4.10 8/10 9:55 4.85 2.03%
Trade id #130513641
Max drawdown($495)
Time8/7/20 12:22
Quant open5
Worst price3.11
Drawdown as % of equity-2.03%
$368
Includes Typical Broker Commissions trade costs of $7.00
8/5/20 9:46 PYPL2007H200 PYPL Aug7'20 200 call LONG 10 2.89 8/7 11:35 1.53 6.44%
Trade id #130468032
Max drawdown($1,890)
Time8/6/20 0:00
Quant open10
Worst price1.00
Drawdown as % of equity-6.44%
($1,374)
Includes Typical Broker Commissions trade costs of $14.00
7/29/20 13:25 DDOG2007T85 DDOG Aug7'20 85 put LONG 5 3.70 8/7 11:35 6.80 3.67%
Trade id #130343799
Max drawdown($1,250)
Time8/4/20 0:00
Quant open5
Worst price1.20
Drawdown as % of equity-3.67%
$1,543
Includes Typical Broker Commissions trade costs of $7.00
8/5/20 9:47 BABA2007H265 BABA Aug7'20 265 call LONG 10 2.69 8/7 9:51 0.12 9.3%
Trade id #130468081
Max drawdown($2,640)
Time8/7/20 9:34
Quant open10
Worst price0.05
Drawdown as % of equity-9.30%
($2,584)
Includes Typical Broker Commissions trade costs of $14.00
7/27/20 14:07 IWM2018U124 IWM Sep18'20 124 put SHORT 5 1.45 8/5 9:45 0.67 0.26%
Trade id #130298763
Max drawdown($105)
Time7/31/20 0:00
Quant open5
Worst price1.66
Drawdown as % of equity-0.26%
$383
Includes Typical Broker Commissions trade costs of $7.00
7/27/20 14:07 IWM2018I165 IWM Sep18'20 165 call SHORT 5 0.77 8/5 9:45 1.18 0.63%
Trade id #130298760
Max drawdown($210)
Time8/5/20 9:43
Quant open5
Worst price1.19
Drawdown as % of equity-0.63%
($212)
Includes Typical Broker Commissions trade costs of $7.00
7/29/20 9:48 TSLA2031S1480 TSLA Jul31'20 1480 put LONG 2 31.95 7/30 10:01 27.15 10.24%
Trade id #130337966
Max drawdown($4,150)
Time7/30/20 0:00
Quant open2
Worst price11.20
Drawdown as % of equity-10.24%
($963)
Includes Typical Broker Commissions trade costs of $2.80
7/29/20 13:26 NFLX2031S480 NFLX Jul31'20 480 put LONG 5 3.80 7/30 9:59 4.60 3.08%
Trade id #130343846
Max drawdown($1,250)
Time7/30/20 0:00
Quant open5
Worst price1.30
Drawdown as % of equity-3.08%
$393
Includes Typical Broker Commissions trade costs of $7.00
7/29/20 9:49 SPY2031S322 SPY Jul31'20 322 put LONG 10 2.17 7/30 9:44 2.46 3.11%
Trade id #130337988
Max drawdown($1,260)
Time7/29/20 15:33
Quant open10
Worst price0.91
Drawdown as % of equity-3.11%
$276
Includes Typical Broker Commissions trade costs of $14.00
7/27/20 14:15 TSLA2031G1500 TSLA Jul31'20 1500 call LONG 1 58.00 7/29 9:47 41.60 4.9%
Trade id #130298857
Max drawdown($2,400)
Time7/28/20 0:00
Quant open1
Worst price34.00
Drawdown as % of equity-4.90%
($1,642)
Includes Typical Broker Commissions trade costs of $2.00
7/28/20 13:17 SHOP2031G1100 SHOP Jul31'20 1100 call LONG 3 12.30 7/28 15:31 10.00 3.6%
Trade id #130321393
Max drawdown($1,626)
Time7/28/20 14:04
Quant open3
Worst price6.88
Drawdown as % of equity-3.60%
($694)
Includes Typical Broker Commissions trade costs of $4.20
7/28/20 9:54 TSLA2031G1600 TSLA Jul31'20 1600 call SHORT 1 14.40 7/28 13:44 18.20 5.12%
Trade id #130316873
Max drawdown($2,420)
Time7/28/20 11:41
Quant open1
Worst price38.60
Drawdown as % of equity-5.12%
($382)
Includes Typical Broker Commissions trade costs of $2.00
7/27/20 14:24 NFLX2031G500 NFLX Jul31'20 500 call LONG 10 6.05 7/28 13:22 4.90 5.02%
Trade id #130299020
Max drawdown($2,455)
Time7/28/20 0:00
Quant open5
Worst price2.49
Drawdown as % of equity-5.02%
($1,164)
Includes Typical Broker Commissions trade costs of $14.00
7/28/20 12:49 SHOP2031G1000 SHOP Jul31'20 1000 call LONG 1 43.30 7/28 13:10 38.70 0.92%
Trade id #130320796
Max drawdown($430)
Time7/28/20 13:08
Quant open1
Worst price39.00
Drawdown as % of equity-0.92%
($462)
Includes Typical Broker Commissions trade costs of $2.00
7/28/20 12:49 SHOP2031G1080 SHOP Jul31'20 1080 call SHORT 1 15.50 7/28 13:09 15.80 1.23%
Trade id #130320802
Max drawdown($578)
Time7/28/20 12:59
Quant open1
Worst price21.28
Drawdown as % of equity-1.23%
($32)
Includes Typical Broker Commissions trade costs of $2.00
7/27/20 15:13 TSLA2031G1650 TSLA Jul31'20 1650 call SHORT 1 17.90 7/28 9:36 12.65 1.34%
Trade id #130299845
Max drawdown($657)
Time7/27/20 15:41
Quant open1
Worst price24.47
Drawdown as % of equity-1.34%
$523
Includes Typical Broker Commissions trade costs of $2.00
7/27/20 9:40 ROKU2031G155 ROKU Jul31'20 155 call LONG 5 4.75 7/27 15:14 5.15 1.37%
Trade id #130290207
Max drawdown($700)
Time7/27/20 10:07
Quant open5
Worst price3.35
Drawdown as % of equity-1.37%
$193
Includes Typical Broker Commissions trade costs of $7.00
7/24/20 12:38 ZM2031S242.5 ZM Jul31'20 242.5 put LONG 5 6.00 7/27 14:39 2.25 3.9%
Trade id #130264576
Max drawdown($1,865)
Time7/27/20 14:38
Quant open5
Worst price2.27
Drawdown as % of equity-3.90%
($1,882)
Includes Typical Broker Commissions trade costs of $7.00
7/27/20 14:15 TSLA2031G1600 TSLA Jul31'20 1600 call SHORT 1 22.80 7/27 14:18 20.00 n/a $278
Includes Typical Broker Commissions trade costs of $2.00

Statistics

  • Strategy began
    6/27/2020
  • Suggested Minimum Cap
    $35,000
  • Strategy Age (days)
    89.61
  • Age
    95 days ago
  • What it trades
    Options
  • # Trades
    107
  • # Profitable
    50
  • % Profitable
    46.70%
  • Avg trade duration
    1.8 days
  • Max peak-to-valley drawdown
    78.38%
  • drawdown period
    July 14, 2020 - Aug 31, 2020
  • Cumul. Return
    -50.8%
  • Avg win
    $1,504
  • Avg loss
    $1,525
  • Model Account Values (Raw)
  • Cash
    $13,276
  • Margin Used
    $0
  • Buying Power
    $13,276
  • Ratios
  • W:L ratio
    0.87:1
  • Sharpe Ratio
    -0.77
  • Sortino Ratio
    -1.2
  • Calmar Ratio
    -1.281
  • CORRELATION STATISTICS
  • Correlation to SP500
    -0.19460
  • Return of Strat Pcnt - Return of SP500 Pcnt (cumu)
    -59.09%
  • Return Percent SP500 (cumu) during strategy life
    11.76%
  • Return Statistics
  • Ann Return (w trading costs)
    -93.9%
  • Instruments
  • Percent Trades Options
    1.00%
  • Percent Trades Futures
    n/a
  • Slump
  • Current Slump, time of slump as pcnt of strategy life
    0.81%
  • Instruments
  • Percent Trades Stocks
    n/a
  • Slump
  • Current Slump as Pcnt Equity
    362.60%
  • Instruments
  • Short Options - Percent Covered
    n/a
  • Return Statistics
  • Return Pcnt (Compound or Annual, age-based, NFA compliant)
    -0.508%
  • Instruments
  • Percent Trades Forex
    n/a
  • Return Statistics
  • Ann Return (Compnd, No Fees)
    -91.0%
  • Automation
  • Percentage Signals Automated
    n/a
  • Popularity
  • Popularity (Today)
    0
  • Popularity (Last 6 weeks)
    725
  • Popularity (7 days, Percentile 1000 scale)
    0
  • Management
  • No Subs Allowed Flag (1: no subs)
    0
  • Strat abandoned?
    1
  • Trading Style
  • Any stock shorts? 0/1
    1
  • Trades-Own-System Certification
  • Trades Own System?
    -
  • TOS percent
    n/a
  • Win / Loss
  • Avg Win
    $1,505
  • Avg Loss
    $1,526
  • Sum Trade PL (losers)
    $86,956.000
  • Sum Trade PL (winners)
    $75,232.000
  • # Winners
    50
  • Dividends
  • Dividends Received in Model Acct
    0
  • Win / Loss
  • Num Months Winners
    2
  • Age
  • Num Months filled monthly returns table
    4
  • Win / Loss
  • # Losers
    57
  • % Winners
    46.7%
  • Frequency
  • Avg Position Time (mins)
    2603.02
  • Avg Position Time (hrs)
    43.38
  • Avg Trade Length
    1.8 days
  • Last Trade Ago
    41
  • Leverage
  • Daily leverage (average)
    14.72
  • Daily leverage (max)
    47.25
  • Regression
  • Alpha
    -0.22
  • Beta
    -2.34
  • Treynor Index
    0.18
  • Maximum Adverse Excursion (MAE)
  • MAE:PL (avg, all trades)
    -0.87
  • MAE:Equity, average, all trades
    0.05
  • Avg(MAE) / Avg(PL) - All trades
    -8.449
  • MAE:Equity, losing trades only, 95th Percentile Value for this strat
    -
  • MAE:Equity, win trades only, 95th Percentile Value for this strat
    -
  • MAE:Equity, 95th Percentile Value for this strat
    0.09
  • MAE:PL (avg, winning trades)
    -
  • MAE:PL - worst single value for strategy
    -
  • MAE:Equity, average, winning trades
    0.02
  • MAE:Equity, average, losing trades
    0.07
  • MAE:PL (avg, losing trades)
    -
  • Avg(MAE) / Avg(PL) - Winning trades
    0.459
  • Avg(MAE) / Avg(PL) - Losing trades
    -1.242
  • Hold-and-Hope Ratio
    -0.118
  • 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)
    -0.61500
  • Analysis based on DAILY values, last 6 months only
  • Ratio statistics of excess log return rates
  • VAR (95 Confidence Intrvl)
    0.19400
  • DRAW DOWN STATISTICS
  • Risk estimates based on draw downs (based on Extreme Value T
  • assuming Pareto losses only (using partial moments from Sortino statistics)
  • Max Equity Drawdown (num days)
    48
  • Last 4 Months - Pcnt Negative
    0.25%
  • Strat Max DD how much worse than SP500 max DD during strat life?
    -263940000

Strategy Description

Summary Statistics

Strategy began
2020-06-27
Suggested Minimum Capital
$35,000
# Trades
107
# Profitable
50
% Profitable
46.7%
Correlation S&P500
-0.195
Sharpe Ratio
-0.77
Sortino Ratio
-1.20
Beta
-2.34
Alpha
-0.22
Leverage
14.72 Average
47.25 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.