November 2025 Performance - Option CTAs - Sorted by Monthly Return (High to Low)

For Traders Reporting Results as of December 14, 2025
Latest Reported (November 2025) Prior Month (October 2025)
Rank Manager / Program Monthly Return ▼ YTD Return 12 Month Return Current Losing ACROR Worst Drawdown AUM Minimum Investment Investment Restrictions
1 Numberline Capital Partners LLC
Macro Risk
7.79% -3.30% -3.75% -42.03% 2.32% -42.75% $1,430,252 $100,000
2 Advanced Alpha Advisers
ART ST Systematic SP - Velocity
4.60% -1.02% 13.05% -18.00% 42.36% -18.00% $4,300,000 $1,000,000 QEPs Only
3 Tianyou Asset Mgt
Tianyou Fund
3.77% -10.89% -8.31% -38.52% 15.68% -38.52% $77,000,000 $2,000,000 QEPs Only
4 White River
Institutional Options Strategy
2.63% -0.97% 0.42% -19.53% 9.94% -21.69% $524,850 $50,000
5 Advanced Alpha Advisers
ART S-Term Defensive
2.30% 1.13% 6.87% -9.00% 16.25% -9.00% $4,300,000 $1,000,000 QEPs Only
6 Le Mans Trading
The Hyperion Fund
2.29% 10.68% 12.97% -1.94% 9.22% -1.94% $67,000,000 $250,000 QEPs Only
7 Alleman Capital Mgt
AC Crude Hedge (P)
1.77% -4.36% -3.65% -12.04% 4.92% -14.53% $54,745 $100,000
8 Diamond Capital
Enhanced S&P
1.52% 5.85% 2.44% -10.81% 7.87% -14.39% $3,312,993 $100,000
9 HiProb Capital Mgt
Neutral Plus
1.19% 21.95% 24.16% -3.52% 17.74% -3.52% $8,250,000 $1,000,000 QEPs Only
10 White River
SI Option Writing
1.04% 16.13% 16.21% -17.76% 9.77% -18.73% $16,921,366 $40,000
11 HiProb Capital Mgt
Neutral A
0.95% 13.87% 15.09% -0.62% 11.17% -0.62% $7,500,000 $500,000 QEPs Only
12 Orbits Venture Inc
Risk Sigma No. 2
0.86% 4.67% 5.90% -17.96% 8.13% -17.96% $37,597,000 $125,000
13 Buckingham Global Adv.
Strategic E-Mini
0.86% 11.82% 13.01% -13.30% 9.90% -13.30% $60,000,000 $250,000
14 Buckingham Global Adv.
WEP Program
0.70% 7.27% 7.42% -13.77% 10.72% -13.77% $29,000,000 $250,000
15 HiProb Capital Mgt
Neutral
0.70% 10.15% 10.96% -2.17% 10.31% -2.17% $25,500,000 $500,000 QEPs Only
16 Diamond Capital
DES
0.59% -2.06% -2.87% -9.52% -0.53% -11.94% $849,856 $150,000
17 Crescent Bay Capital Mgt, Inc.
Cipher Program
0.58% 0.94% 0.94% -8.05% 1.25% -8.05% $977,312 $50,000
18 White River
Dynamic S&P Options
0.42% 17.26% 18.36% -27.46% 9.00% -27.46% $11,159,831 $50,000
19 Buckingham Global Adv.
Energy Volatility EVP
0.26% 17.72% 17.72% -0.00% 19.48% $20,000,000 $100,000
20 Global Sigma Group
Global Sigma Fund LP
0.07% 7.57% 8.82% -11.18% 8.06% -11.18% $67,528,843 $1,000,000 QEPs Only
21 Double Helix Cap.
Double Helix
0.00% 3.52% -0.94% -9.56% 4.00% -13.48% $13,000,000 $50,000
22 Global Sigma Group
AGSF LP
0.00% 7.78% 9.09% -12.99% 10.96% -13.42% $235,509,873 $1,000,000 QEPs Only
23 Blue Bar Futures Trading
US Cmdy Diversified
-0.27% 1.48% 1.21% -11.24% 10.77% -11.24% $10,398,066 $200,000 QEPs Only
24 Blue Bar Futures Trading
Ag
-0.28% 1.59% 1.30% -42.26% 20.59% -42.26% $5,755,617 $200,000 QEPs Only
25 The Great O'Neill Ltd
Great O'Neill
-0.81% -4.27% -5.95% -27.76% -0.49% -31.12% $701,000 $500,000 QEPs Only
26 J.D. Turner Capital, LLC
Diversified Trend Following
-6.13% -23.64% -24.05% -29.67% 4.55% -46.50% $135,480 $100,000