Tracking CTAs since 1994
Buckingham Global Advisors, LLC
Strategic E-Mini Program
Principal(s): Charles Dai & Vishal Olson
Strategy: ST / Systematic / Option Writer / E Mini
Statistical Reports are Subscription Based
Trading Description, Risk Strategy & Background
- Buckingham's Strategic E-mini Program (SEP) is a commodity option strategy employing an absolute return investment approach. The Strategy primarily writes (sells) a series of out of money (OTM) call and put options on S&P 500 E-mini futures.
- SEP focuses on short duration derivatives - the option expires within 30 days, because the time decay is the greatest in those final days. It does this primarily by identifying the option strikes with best risk/reward ratio according to our proprietary Quant model.
- SEP adopts the risk management mechanism both in position and portfolio level (same as WEP, hedging based on daily P/L).
- SEP aims for Sharpe Ratio +2.5 long term (5+ years) considering tail risk due to the economic cycles.
N/A
Charles Dai, CEO/CIO: Mr. Dai is the Chief Executive Officer of Buckingham Global Advisors, LLC., and the Portfolio Manager for the WEP and SEP strategies. Mr. Dai spent the early years of his career in a computer and software engineering capacity including employment at EMC Corporation and Ford Motor Company. In May 2008, Mr. Dai started his professional finance career with Deutsche Bank as a trader in the Asia equity proprietary trading desk. Mr. Dai left Deutsche Bank during the financial crisis, returning to Chicago to complete graduate school. Mr. Dai obtained MBA degree in Finance from the University of Chicago, Booth School of Business in June of 2009. Upon graduation, Mr. Dai was hired as a Senior Quantitative Analyst for Modern Asset Group, a Commodity Pool Operator in Chicago. In this role, Mr. Dai spearheaded the development of a firm-wide strategy in selecting partner trading advisors, as well as designing a risk management policy. In December 2011, Mr. Dai moved to California due to family relocation. Between January 2012 and April 2016, Mr. Dai worked for Western Asset Management Company, one of the biggest bond funds on the West Coast as a Project Manager/Business Analyst in derivative trading. Since 2014, Mr. Dai had been actively prepared to offer investment services and eventually launched Weekly E Mini Program ("WEP") to outside investors in March 2015. Mr. Dai currently oversees all of Buckingham's investment strategies and trade execution.
Performance
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ROR | Max DD | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.71% | 0.22% | – | – | – | – | – | – | – | – | – | – | 1.94% | 0.00% |
| 2025 | 0.09% | 0.52% | 1.05% | 0.72% | -0.05% | 1.21% | 1.81% | 1.85% | 2.16% | 1.04% | 0.86% | 1.81% | 13.85% | -0.05% |
| 2024 | 1.63% | 2.09% | 2.48% | -0.18% | 2.91% | 2.54% | 2.25% | -4.37% | -1.64% | 2.66% | 3.20% | 1.07% | 15.35% | -5.94% |
| 2023 | 1.30% | 1.40% | -0.88% | 1.54% | 1.56% | 1.74% | 2.20% | 1.86% | 1.41% | 2.21% | 1.60% | 1.83% | 19.25% | -0.88% |
| 2022 | -2.15% | -6.99% | 3.34% | -0.88% | 3.92% | -1.00% | 2.54% | 2.40% | 0.05% | 2.95% | 1.58% | 0.55% | 5.94% | -8.99% |
| 2021 | -0.84% | 0.22% | 2.52% | 1.29% | 0.46% | 2.11% | 1.75% | 1.05% | 1.21% | 1.64% | -2.90% | 2.44% | 11.36% | -2.90% |
| 2020 | 1.31% | -10.11% | -3.55% | 0.71% | 0.32% | 1.35% | 1.66% | 1.37% | 1.26% | -1.80% | 1.32% | 1.91% | -4.84% | -13.30% |
| 2019 | 1.63% | 1.72% | 1.85% | 1.20% | -1.32% | 1.87% | 1.03% | 1.29% | 1.23% | 0.94% | 1.20% | 1.51% | 15.06% | -1.32% |
| 2018 | – | – | – | – | – | – | – | – | – | – | – | -2.54% | -2.54% | -2.54% |
Track Record Compiled By: Buckingham Global Advisors, LLC
PAST PERFORMANCE DOES NOT GUARANTEE FUTURE SUCCESS. THERE IS A RISK OF LOSS IN FUTURES TRADING.>
THERE IS UNLIMITED RISK OF LOSS ASSOCIATED WITH WRITING SHORT OPTION CONTRACTS.
Risk Disclosure
PAST PERFORMANCE DOES NOT GUARANTEE FUTURE SUCCESS. IN SOME CASES MANAGED ACCOUNTS ARE CHARGED SUBSTANTIAL COMMISSIONS AND ADVISORY FEES. THOSE ACCOUNTS SUBJECT TO THESE CHARGES, MAY NEED TO MAKE SUBSTANTIAL TRADING PROFITS JUST TO AVOID DEPLETION OF THEIR ASSETS. EACH COMMODITY TRADING ADVISOR ("CTA") IS REQUIRED BY THE COMMODITY FUTURES TRADING COMMISSION ("CFTC") TO ISSUE TO PROSPECTIVE CLIENTS A RISK DISCLOSURE DOCUMENT OUTLINING THESE FEES, CONFLICTS OF INTEREST AND OTHER ASSOCIATED RISKS. A HARD COPY OF THESE RISK DISCLOSURE DOCUMENTS ARE READILY AVAILABLE BY CLICKING ON EACH CTA'S "REQUEST DISCLOSURE DOCUMENT" BUTTON.
THE FULL RISK OF COMMODITY FUTURES, OPTIONS AND FOREX TRADING CAN NOT BE ADDRESSED IN THIS RISK DISCLOSURE STATEMENT. NO CONSIDERATION TO INVEST SHOULD BE MADE WITHOUT THOROUGHLY READING THE DISCLOSURE DOCUMENT OF EACH OF THE CTAS IN WHICH YOU MAY HAVE AN INTEREST. REQUESTING A DISCLOSURE DOCUMENT PLACES YOU UNDER NO OBLIGATION AND EACH DOCUMENT IS PROVIDED AT NO COST. THE CFTC HAS NOT PASSED UPON THE MERITS OF PARTICIPATING IN ANY OF THE FOLLOWING PROGRAMS NOR ON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE DOCUMENTS. OTHER DISCLOSURE STATEMENTS ARE REQUIRED TO BE PROVIDED TO YOU BEFORE AN ACCOUNT MAY BE OPENED FOR YOU.
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. PROSPECTIVE CLIENTS SHOULD NOT BASE THEIR DECISION ON INVESTING IN THIS TRADING PROGRAM SOLELY ON THE PAST PERFORMANCE PRESENTED. ADDITIONALLY, IN MAKING AN INVESTMENT DECISION, PROSPECTIVE CLIENTS MUST ALSO RELY ON THEIR OWN EXAMINATION OF THE PERSON OR ENTITY MAKING THE TRADING DECISIONS AND THE TERMS OF THE ADVISORY AGREEMENT INCLUDING THE MERITS AND RISKS INVOLVED.
AUTUMN GOLD CTA INDEXES ARE NON-INVESTABLE INDEXES COMPRISED OF THE CLIENT PERFORMANCE OF CTA PROGRAMS INCLUDED IN THE AUTUMN GOLD DATABASE AND DO NOT REPRESENT THE COMPLETE UNIVERSE OF CTAS. INVESTORS SHOULD NOTE THAT IT IS NOT POSSIBLE TO INVEST IN THESE INDEXES.