- MDD
- -6.10%
- Sharpe
- 1.15
- Win rate
- 52.8%
- Vol 30D
- $3.12M
- Age
- 498d
- Skin in game
- 15%
- Perf fee
- 10%
- Lockup
- 7d
- Depositors
- 10
- Description
- Systematic call overwriting on two mega-caps. Gives up the top of a rally in exchange for monthly premium.
- Adaptive long US mega-cap tech with a hard 12% sleeve stop and HK overlay.
- Process
- Monthly 30-delta calls, rolled at 21 DTE, never overwrite through earnings.
- Custody
- Capital enters a MAIN illustration account, subscription moves to STRATEGY, exits return to MAIN then redeem. Segregation is illustrative.
| Market | Side | Size | Entry | Mark | uPnL (ROE) | Liq. price | Margin |
|---|---|---|---|---|---|---|---|
| AAPL | long | $155,930 | 222.30 | 226.00 | $2,598.22 +13.89% | 160.05 | $18,712 |
| MSFT | long | $166,834 | 416.11 | 418.60 | $996.84 +4.98% | 299.60 | $20,020 |
Community & manager updates
The manager's market reads, rebalance records and monthly letters, alongside depositors' discussion. All simulated.
Discussion
8 posts · 6 replies · 6 participants · Last activity 3 Sept 2026
- 5 Sept 2026via Web
Rebalance for AAPL / MSFT Covered Call ran on schedule with no discretionary overrides. Vol target respected; factor weights published with the fills.
Sized this at a few percent of NAV next to cash-like. The 7-day lockup keeps me from doing anything stupid.
Checked this against the fills. Consistent with the letter.
- 3 Sept 2026via Web
How would you size AAPL / MSFT Covered Call inside a book that already holds $Orbit Liquidity Provider (OLP)$ as ballast?
As a satellite: single-digit percent of NAV for an R3. OLP is the ballast; this is not, however good the 30D looks.
- 3 Sept 2026via Web
Scheduled rebalance, largest moves listed.
Market Side Fill Weight AAPL short 225.12 18.0%→8.0% MSFT short 424.48 59.0%→67.0% Rebalanced 3 Sept 2026 - 31 Aug 2026via Web
August letter for AAPL / MSFT Covered Call: +1.6% for the month, intramonth drawdown inside budget, no rule changes. Fees and lockup unchanged: 10% performance, 7-day lockup. Full attribution is on the factsheet.
Attribution before excuses. Thank you.
- 30 Aug 2026via Web
Why the 7-day lockup on AAPL / MSFT Covered Call? I would size up with daily liquidity.
The 7-day lockup is the time we need to unwind without selling into a squeeze on your behalf. Daily liquidity would be paid for by the depositors who stay.
- Sierra EightDepositor · 2026-0630 Aug 2026via Web
Compared AAPL / MSFT Covered Call with the two closest vaults on the list. Same category, lower drawdown here, slightly lower APR. I will take that trade every time.
Same experience here. The rules are the product.
Trading involves risk. Past performance is not indicative of future results. Vault NAV can rise or fall.
Wealth solutions. Translates listed-product process onto digital sleeves.
- Official posts
- 4
- Replies
- 2
- Last post
- 5 Sept 2026
Rebalance for AAPL / MSFT Covered Call ran on schedule with no discretionary overrides. Vol target respected; factor weights published with the fills.All vaults by this manager
Latest rebalances
Fills and weight changes the manager published
| Market | Side | Fill | Weight |
|---|---|---|---|
| AAPL | short | 225.12 | 18.0%→8.0% |
| MSFT | short | 424.48 | 59.0%→67.0% |
Trading involves risk. Past performance is not indicative of future results. Vault NAV can rise or fall.