HiProb Capital Management LLC
Neutral
Principal:
Chuan Wang
Index Option Spreads | Spread Trading, hedging with SP500 futures
Interested in this program? Request Additional Information →
Month Performance
+0.15%
Aug 2026
YTD Return
+4.23%
Through Aug 2026
AUM
$20,000,000
Assets Under Management
Overview
The Neutral strategy aims to generate consistent absolute returns while reducing risk exposure. It primarily invests in near-expiration option spreads on S&P500 futures. Positions are structured to be market (Delta) neutral and Vega neutral to limit exposure to market risks. The strategy is designed to profit in both rising and falling markets with a high probability of generating profits. It evolved from our extensive experience in trading index futures and related options, and utilizes our patent-pending techniques to identify market inefficiencies and make high-probability trades only when expected profits significantly exceed expected losses.
Program Details
| Inception Date | Sep 2015 |
| Trading Style | Spread Trading, hedging with SP500 futures |
| Holding Period | Short Term, Intraday |
| Markets Traded | Stock Indices |
| Margin | 10%-50% |
| Minimum Investment | $500,000 |
| Management Fee | 2.00% |
| Performance Fee | 20.00% |
This is a snapshot only. Investors should read Disclosure/Offering documents to determine suitability of investment.
GROWTH OF $1,000 VAMI
Program vs. Autumn Gold CTA Index
About the Autumn Gold CTA Index:
The Autumn Gold CTA Index is a non-investable index comprised of performance from CTA programs included in the Autumn Gold database and does not represent the complete universe of CTAs.
Hypothetical growth of $1,000 based on reported monthly returns.
PERFORMANCE SUMMARY
Annual Returns (Net)
| YEAR | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| RETURN | +10.38% | +3.07% | +6.96% | +7.52% |
Maximum Drawdown Since Inception
-2.17%
Past performance is not indicative of future results.
Investor Eligibility
What is a QEP?
A Qualified Eligible Person (QEP) is an investor or entity that meets the eligibility requirements described in CFTC Regulation 4.7. The applicable requirements vary by investor type and may include financial, portfolio, professional, or institutional qualifications.
This information is provided for general reference only. QEP status is
self-identified here and should be determined by reviewing the applicable
regulation and, when appropriate, with your professional advisers.
FUTURES, OPTIONS, CRYPTO, AND FOREX TRADING INVOLVES RISK AND MAY NOT BE SUITABLE FOR ALL INVESTORS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.