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

For Traders Reporting Results as of December 15, 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 Tianyou Asset Mgt
Tianyou Fund
4.12% -10.89% -8.31% -38.52% 15.68% -38.52% $75,000,000 $2,000,000 QEPs Only
2 White River
SI Option Writing
3.82% 16.13% 16.21% -17.76% 9.77% -18.73% $16,747,282 $40,000
3 Advanced Alpha Advisers
ART ST Systematic SP - Velocity
3.18% -1.02% 13.05% -18.00% 42.36% -18.00% $4,100,000 $1,000,000 QEPs Only
4 White River
Institutional Options Strategy
2.62% -0.97% 0.42% -19.53% 9.94% -21.69% $511,409 $50,000
5 Typhon Capital Mgt
Athena Quantitative
2.07% 10.31% 32.54% -6.32% 20.38% -6.32% $22,800,000 $200,000 QEPs Only
6 Buckingham Global Adv.
Energy Volatility EVP
2.02% 17.72% 17.72% -0.00% 19.48% $19,500,000 $100,000
7 White River
Dynamic S&P Options
1.61% 17.26% 18.36% -27.46% 9.00% -27.46% $11,028,887 $50,000
8 Advanced Alpha Advisers
ART S-Term Defensive
1.59% 1.13% 6.87% -9.00% 16.25% -9.00% $4,100,000 $1,000,000 QEPs Only
9 Le Mans Trading
The Hyperion Fund
1.50% 10.68% 12.97% -1.94% 9.22% -1.94% $68,000,000 $250,000 QEPs Only
10 Diamond Capital
Enhanced S&P
1.36% 5.85% 2.44% -10.81% 7.87% -14.39% $3,417,633 $100,000
11 Alleman Capital Mgt
AC Crude Hedge (P)
1.25% -4.36% -3.65% -12.04% 4.92% -14.53% $57,298 $100,000
12 Buckingham Global Adv.
Strategic E-Mini
1.03% 11.82% 13.01% -13.30% 9.90% -13.30% $59,000,000 $250,000
13 The Great O'Neill Ltd
Great O'Neill
0.97% -4.27% -5.95% -27.76% -0.49% -31.12% $706,000 $500,000 QEPs Only
14 Orbits Venture Inc
Risk Sigma No. 2
0.74% 4.67% 5.90% -17.96% 8.13% -17.96% $37,403,000 $125,000
15 Buckingham Global Adv.
WEP Program
0.64% 7.27% 7.42% -13.77% 10.72% -13.77% $29,000,000 $250,000
16 Crescent Bay Capital Mgt, Inc.
Cipher Program
0.53% 0.94% 0.94% -8.05% 1.25% -8.05% $893,736 $50,000
17 Amapa Capital Advisors
Amapa Investment Fund (2XL)
0.46% -0.68% -1.17% -7.09% 5.29% -10.48% $131,500,000 $2,000,000
18 LeanVal Asset Mgt AG
Athena UI Fond
0.35% 0.20% 1.21% -11.47% 4.41% -11.47% €80,000,000 €1 Non US Investors
19 Four Seasons
Hawkeye Spread
0.34% 0.86% 1.28% -8.67% 4.95% -12.47% $50,597,114 $500,000
20 Amapa Capital Advisors
Amapa Investment Fund (1XL)
0.12% -1.36% -1.82% -6.27% 5.88% -7.05% $131,500,000 $1,000,000
21 Blue Bar Futures Trading
US Cmdy Diversified
-0.33% 1.48% 1.21% -11.24% 10.77% -11.24% $10,426,124 $200,000 QEPs Only
22 Blue Bar Futures Trading
Ag
-0.35% 1.59% 1.30% -42.26% 20.59% -42.26% $5,767,952 $200,000 QEPs Only
23 HiProb Capital Mgt
Neutral A
-0.41% 13.87% 15.09% -0.62% 11.17% -0.62% $7,500,000 $500,000 QEPs Only
24 Global Sigma Group
Global Sigma Fund LP
-0.47% 7.57% 8.82% -11.18% 8.06% -11.18% $65,399,977 $1,000,000 QEPs Only
25 Global Sigma Group
AGSF LP
-0.59% 7.78% 9.09% -12.99% 10.96% -13.42% $235,344,636 $1,000,000 QEPs Only
26 Paraimbal, LLC
Paraimbal
-0.60% 6.25% 0.46% -5.45% 6.01% -5.45% $196,431 $100,000
27 Double Helix Cap.
Double Helix
-0.64% 3.52% -0.94% -9.56% 4.00% -13.48% $15,117,000 $50,000
28 HiProb Capital Mgt
Neutral
-0.71% 10.15% 10.96% -2.17% 10.31% -2.17% $27,000,000 $500,000 QEPs Only
29 Diamond Capital
DES
-0.72% -2.06% -2.87% -9.52% -0.53% -11.94% $1,124,987 $150,000
30 Numberline Capital Partners LLC
Macro Risk
-1.50% -3.30% -3.75% -42.03% 2.32% -42.75% $1,432,978 $100,000
31 J.D. Turner Capital, LLC
Diversified Trend Following
-2.00% -23.64% -24.05% -29.67% 4.55% -46.50% $144,327 $100,000
32 HiProb Capital Mgt
Neutral Plus
-3.50% 21.95% 24.16% -3.52% 17.74% -3.52% $6,750,000 $1,000,000 QEPs Only