PFGBEST is proud to highlight Craig Kendall of Financial Commodity Investments (FCI) and his programs, the Option Selling Strategy (OSS) program and the Credit Premium Program (CPP).
Financial Commodity Investments is registered with the Commodity Futures Trading Commission (CFTC) as a Commodity trading Advisor (CTA). Financial Commodity Investments’ NFA (National Futures Association) ID is # 364738
Craig’s was featured on the cover of Futures Magazine in March 2009 as one of the Top Traders in 2009. His OSS program was ranked in the top 20 CTA list for managers managing assets in excess of $10 million over the 5 year period between 7/1/2004 and 6/30/2009 He is a respected trader, market commentator and philanthropist.
FCI’s option selling strategy (OSS) utilizes a market neutral trading strategy that does not attempt to forecast market direction. FCI –OSS utilizes options on futures to initiate market neutral positions by simultaneously writing out of the money call and put options, followed by appropriate adjustments based on movement of the underlying futures contract.
Similar to FCI’s Option Selling Strategy program, the primary trading strategy of FCI ‘s credit premium program (CPP) will be to sell, on behalf of a client, options on futures contracts. However, FCI - CPP is different from the Option Selling Strategy program because FCI - CPP may sell options that are likely to be closer to the expiration date, ranging from four days to ninety days from expiration, [versus thirty to forty-five days from expiration for the Option Selling Strategy program], and (b) closer to being “in the money”. The program also utilizes more of a vertical credit and calendar spread strategy, thus reducing per trade capital requirements. When premium collection transactions become unprofitable contracts, offsetting futures contracts or options are purchased as a hedge to limit further future contract losses. The net effect is that FCI - CPP targets higher returns with additional contracts being executed. There is an increased likelihood of the strike price being met on options written versus the portfolio of options written in the Option Selling Strategy program.
