AFB, LLC the gold guys afb.altavra.com

The FortyEighters Gold Options program is a discretionary short, medium and long-term options trading program that seeks to potentially generate absolute returns by taking advantage of price ranges in the Comex Gold and Silver futures markets. The program consists of writing short (selling) call and put option positions with the goal of profiting from time decay. While risk can never be eliminated, when necessary, the program buys option puts and calls to protect core trades with the goal of minimizing overall risk. Gold and Silver futures may be incorporated to help reduce risk in volatile markets. In times of increased volatility, the program may establish a “gamma long’ position of long puts and long calls to become long premium, attempting to take advantage of the increased volatility spikes in the market while minimizing risk exposure. The goal is a monthly return of two to four percent, although individual account performance will vary depending on the timing of entry into the program. Past results are not necessarily indicative of future results.  The risk of loss exists in trading futures and options. Depending on liquidity, option orders will either be placed directly to the Comex Gold/ Silver pits or placed electronically. Trade positions are monitored daily in order to assess and manage risk using volatility, time and movement of the underlying movement of the underlying market in relation to changing market signals.

Markets Traded

The Manager intends to trade this program utilizing options and futures on Gold and Silver markets traded on domestic futures exchanges. However, the Manager reserves the right to place trades in any market, at its sole discretion. In addition, the advisor may, in its sole discretion, modify systems at will.

Account Size

The minimum account size to the program is $50,000 US Dollars. AFB, LLC recommends this account size to take advantage of the characteristics the trading program provides. At the discretion of the AFB the account minimum can be raised or lowered at any time for future accounts.

Trading of Options

AFB, LLC will engage in the trading of options on futures contracts for the clients’ account. Each option on a commodity futures contract or physical commodity is a right, purchased for a certain price, to either buy or sell a commodity futures contract or physical commodity during a certain period of time for a fixed price. Although successful commodity options trading requires many of the same skills as does successful commodity futures trading, the risks involved are somewhat different, For example, if AFB buys an option ( either to sell or purchase a futures contract or commodity), it will pay a “premium” representing the market value of the option. Unless the price of the futures contract or commodity underlining the options changes and it becomes profitable to exercise or offset the option before it expires, the client’s account may lose the entire amount of such premiums plus commissions and fees. Conversely, if AFB sells an option (either to sell or purchase a futures contract or commodity) the client will be credited with the premium but will have to deposit margin due to its contingent liability to take or deliver the futures contract or commodity underlying the option in the event the option is exercised. Sellers of options are subject to the entire loss, which occurs in the underlying futures position or underlying commodity (less any premium received). The ability to trade in or exercise options may be restricted in the event that trading on United States commodity exchanges is restricted by both the CFTC and such exchanges.

The FortyEighters II Gold Program is a “long-bias” program that employs discretionary futures and options trading strategies that seek to enable investors to participate in strong price moves to the upside while protecting positions (and mitigating losses) during market declines.

A basic component of the FortyEighters II Gold Program consists of buying futures and buying put options to protect core positions. While risk can never be eliminated, the basic goal of the program is intended to mitigate the overall risk in the program’s core long bias.

The FortyEighters II Gold Program may also incorporate an option writing (selling) strategy with the goal of profiting from time decay, offsetting some of the cost of the long put protection. The program will maintain a long bias at all times. The program’s goal is to capture as much of an upside move in the gold price as possible while mitigating the risk of gold price declines.

Individual account performance will vary depending on the timing of entry into the program. Depending on liquidity, option orders will either be placed directly to the Comex Gold pit or placed electronically. Positions are monitored daily in order to assess and manage risk using volatility, time and movement of the underlying market in relation to changing market signals.

Account size

The minimum account size for this program is $50,000 US Dollars.

The Multi-4 Options Program is a discretionary short, medium and long- term options trading program that seeks to generate absolute returns by taking advantage of price ranges in four sectors in the futures markets which are the energies, metals, grains and currencies. The program consists of writing short (selling) call and put option positions with the goal of profiting from time decay. While risk can never be eliminated, when necessary, the program buys at or near at-the-money option puts and calls to protect core trades with the goal of minimizing overall risk. Futures contracts may be incorporated to help reduce risk in volatile markets. In times of increased volatility, the program may establish a “gamma long” position of long puts and calls to become long premium, attempting to take advantage of the increased volatility spikes in the market while minimizing risk exposure. Also, in times of increased volatility the program may elect to have no option short positions to minimize risk. The goal is a monthly return of one to two percent, although individual account performance will vary depending on the timing of entry into the program. Past results are not necessarily indicative of future results.  The risk of loss in trading futures and options can be substantial. Depending on liquidity, option orders will either be placed directly to the appropriate trading pits or placed electronically. Trade positions are monitored daily in order to assess and manage risk using volatility, time and movement of the underlying market in relation to changing market signals.

Markets Traded

AFB, LLC intends to trade this program utilizing options and futures on the respected contracts in the program’s four market sectors which are traded on domestic futures exchanges. However, the manager reserves the right to place trades in any market, at its sole discretion. In addition, the advisor may, in its sole discretion, modify systems at will.

Account Size

The minimum account size to the program is $50,000 U.S. Dollars. AFB recommends this account size to take advantage of the characteristics the trading program provides. At the discretion of the Advisor the account minimum can be raised or lowered at any time for future accounts.

The Gold Premium Program is a discretionary short, medium and long term options program that seeks to generate absolute returns by taking advantage of price ranges in the Comex Gold futures market. The program consists of writing short (selling) call and put option positions with the goal of profiting from time decay. While risk can never be eliminated, when necessary, the program buys option puts and calls to protect core trades with the goal of minimizing overall risk. Gold futures may be incorporated to help reduce risk in volatile markets. In times of increased volatility, the program may establish a “gamma long” position of long puts and long calls to become long premium, attempting to take advantage of the increased volatility spikes in the market while minimizing risk exposure. The goal is a monthly return of one to two percent, although individual account performance will vary depending on the timing of entry into the program. Past results are not necessarily indicative of future results.  The risk of loss in trading futures and options can be substantial. Depending on liquidity, option orders will either be placed directly to the Comex pit or placed electronically. Trade positions are monitored daily in order to assess and manage risk using volatility, time and movement of the underlying market in relation to changing market signals.

Markets Traded

AFB, LLC intends to trade this program utilizing options and futures on the gold market which is traded on domestic futures exchanges. However, the manager reserves the right to place trades in any market, at its sole discretion. In addition, the advisor may, in its sole discretion, modify systems at will.

Account Size

The minimum account size to the program is $25,000 U.S. Dollars. AFB, LLC recommends this account size to take advantage of the characteristics the trading program provides. At the discretion of the Advisor the account minimum can be raised or lowered at any time for future accounts.

The Triple P Options Plus is a discretionary short-term options trading program that seeks to generate absolute returns by taking advantage of price ranges in the S&P 500 futures market. The program consists of writing short (selling) call and put option positions with the goal of profiting from time decay. While risk can never be eliminated, when necessary, the program buys options puts and calls to protect core trades with the goal of minimizing overall risk. S&P 500 futures may be incorporated to help reduce risk in volatile markets. In times of increased volatility, the program may establish a “gamma long” position of long puts and long calls to become long premium, attempting to take advantage of the increased volatility spikes in the market while minimizing risk exposure. The goal is a monthly return of two to four percent, although individual account performance will vary depending on the timing of entry into the program. Past results are not necessarily indicative of future results.  The risk of loss in trading futures and options can be substantial. Orders are placed directly to the S&P 500 futures trading pit in Chicago, thus keeping an edge on order execution. Trade positions are monitored daily in order to assess and manage risk using volatility, time and movement of the underlying market in relation to changing market signals.

Markets Traded

AFB, LLC intends to trade this system utilizing futures and options on equity indices traded on domestic futures exchanges. However, the manager reserves the right to place trades in any market, at its sole discretion. In addition, the advisor may, in its sole discretion, modify systems at will.

Account Size

The minimum Account Size to the program is $100,000 US Dollars. AFB, LLC recommends this account size to take advantage of the characteristics the trading program provides. At the discretion of the Advisor the account minimum can be raised or lowered at any time for future accounts.

Trading of Options

AFB, LLC will engage in the trading of option on futures contracts for the clients’ account. Each option on a commodity futures contract or physical commodity is a right, purchased for a certain price, to either buy or sell a commodity futures contract or physical commodity during a certain period of time for a fixed price. Although successful commodity options trading requires many of the same skills as does  successful commodity futures trading, the risks involved are somewhat different. For example, if the Advisor buys an option (either to sell or purchase a futures contract or commodity), it will pay a “premium” representing the market value of the option.

Unless the price of the futures contract or commodity underlying the options changes and it becomes profitable to exercise or offset the option before it expires, the client’s account may lose the entire amount of such premiums plus commissions and fees. Conversely, if the Advisor sells an option (either to sell or purchase a futures contract or commodity) the client will be credited with the premium but will have to deposit margin due to its contingent liability to take or deliver the futures contract or commodity underlying the option in the event the option is exercised. Sellers of options are subject to the entire loss, which occurs in the underlying futures position or underlying commodity (less any premium received). The ability to trade in or exercise options may be restricted in the event that trading on United States commodity exchanges is restricted by both the CFTC and such exchanges.

The Resolute One S&P Program is a discretionary short, medium and long-term options trading program that seeks to generate absolute returns by taking advantage of price ranges in the S&P 500 futures and mini S&P 500 futures markets. The program consists of writing short (selling) call and put option positions with the goal of profiting from time decay. While risk can never be eliminated, the program buys option puts and calls to protect core trades with the goal of minimizing overall risk. S&P 500 futures and mini S&P futures may be incorporated to help reduce risk in volatile markets. In times of increased volatility, the program may establish a “gamma long’ position of long puts and long calls to become long premium, attempting to take advantage of the increased volatility spikes in the market while minimizing risk exposure. Purchasing long options against short positions is used effectively, looking for a net credit on positions while protecting the core positions. The goal is a monthly return of one to two percent, although individual account performance will vary depending on the timing of entry into the program. Past results are not necessarily indicative of future results. The risk of loss exists in futures trading. Option orders will be placed directly to the S&P 500 trading pit or done electronically for the mini S&P 500 futures. Trade positions are monitored daily in order to assess and manage risk using volatility, time and movement of the underlying movement of the underlying market in relation to changing market signals.

Markets Traded

AFB, LLC intends to trade this program utilizing options and futures on S&P 500 and mini S&P 500 futures traded on domestic futures exchanges. However, the Manager reserves the right to place trades in any market, at its sole discretion. In addition, the advisor may, in its sole discretion, modify systems at will.

Account Size

The minimum account size to the program is $50,000 US Dollars. AFB, LLC recommends this account size to take advantage of the characteristics the trading program provides. At the discretion of the Advisor the account minimum can be raised or lowered at any time for future accounts.

The Institutional One S&P Program is a discretionary short, medium and long-term options trading program that seeks to generate absolute returns by taking advantage of price ranges in the S&P 500 futures market. The program consists of writing short (selling) call and put option positions with the goal of profiting from time decay. While risk can never be eliminated, the program buys option puts and calls to protect core trades with the goal of minimizing overall risk when the initial short puts and calls are entered. This trade is termed an “Iron Condor” which is a bullish put credit spread and a bearish call credit spread. S&P 500 futures and mini S&P futures may be incorporated to help reduce risk in volatile markets. In times of increased volatility, the program may establish a “gamma long’ position of long puts and long calls to become long premium, attempting to take advantage of the increased volatility spikes in the market while minimizing risk exposure. The goal is a monthly return of one to two percent, although individual account performance will vary depending on the timing of entry into the program. Past results are not necessarily indicative of future results. The risk of loss in trading futures and options can be substantial. Option orders will be placed directly to the S&P 500 trading pit or done electronically for the mini S&P 500 futures. Trade positions are monitored daily in order to assess and manage risk using volatility, time and movement of the underlying movement of the underlying market in relation to changing market signals.

Markets Traded

AFB, LLC intends to trade this program utilizing options and futures on S&P 500 and mini S&P 500 futures traded on domestic futures exchanges. However, the Manager reserves the right to place trades in any market, at its sole discretion. In addition, the advisor may, in its sole discretion, modify systems at will.

Account Size

The minimum account size to the program is $250,000 US Dollars. AFB, LLC recommends this account size to take advantage of the characteristics the trading program provides. At the discretion of the Advisor the account minimum can be raised or lowered at any time for future accounts.

Trading of Options

AFB, LLC will engage in the trading of options on futures contracts for the clients’ account. Each option on a commodity futures contract or physical commodity is a right, purchased for a certain price, to either buy or sell a commodity futures contract or physical commodity during a certain period of time for a fixed price. Although successful commodity options trading requires many of the same skills as does successful commodity futures trading, the risks involved are somewhat different, For example, if the Advisor buys an option ( either to sell or purchase a futures contract or commodity), it will pay a “premium” representing the market value of the option.

Unless the price of the futures contract or commodity underlining the options changes and it becomes profitable to exercise or offset the option before it expires, the client’s account may lose the entire amount of such premiums plus commissions and fees. Conversely, if the Advisor sells an option (either to sell or purchase a futures contract or commodity) the client will be credited with the premium but will have to deposit margin due to its contingent liability to take or deliver the futures contract or commodity underlying the option in the event the option is exercised. Sellers of options are subject to the entire loss, which occurs in the underlying futures position or underlying commodity (less any premium received). The ability to trade in or exercise options may be restricted in the event that trading on United States commodity exchanges is restricted by both the CFTC and such exchanges.

George Cocalis is a Trader and a Managing Member of AFB, LLC, where he has been registered as an associated person and listed as a principal since September 2008. Mr. Cocalis began his futures career in October 1990 as a runner for Lind Waldock and Company ("Lind") in the currency pits at the Chicago Mercantile Exchange. Mr. Cocalis remained at Lind for the next 14 years, working his way through the ranks first as a phone clerk on the currency trade desk, then an Assistant Manager and, eventually, Manager of the currency trade desk. Mr. Cocalis was then promoted to Floor Manager, responsible for overseeing Lind’s S&P 500, agricultural and currency trading floor operations and supervising over 100 employees. Mr. Cocalis continued his managerial duties after Lind was purchased by Refco LLC ("Refco") in October 2001. In March 2004, he became registered as an AP of Refco, where he was employed as a retail futures broker until October 2005. At Refco, his Series 3 broker duties allowed George to assist retail clients in order placement and market assistance daily. Market knowledge and trade analysis on market movement and news were discussed. He also assisted in helping clients establish trade accounts, as well as any questions on paperwork and account types (individual, corporate, IRA futures accounts). He then joined Brewer Futures Group LLC on Oct 2005 until January 2009, where he was an associated person assisting customers as a retail broker. Mr. Cocalis was a registered associated person at Index FX LLC, dba Index ProTrader Services ("Index"), an introducing broker from January 2009 through December 2010.  Mr. Cocalis is currently registered as an associated person at Peregrine Financial Group, Inc. ("PFGBEST"), a registered futures commission merchant, since December 2010.  His Series #3 duties at PFGBEST allow George Cocalis to assist retail clients with order placement and market assistance daily.  Market knowledge and trade analysis on market movement and news is discussed.  He also assists in helping clients establish trade accounts, as well as any questions on paperwork and account types (individual, corporate and IRA futures accounts).

Dwayne Pliska is a Trader and a Managing Member of AFB, LLC, where he has been registered as an associated person and listed as a principal since September 2008. Mr. Pliska became registered as an AP of Jack Carl Futures, a registered futures commission merchant, in July 1997, where he was responsible for the opening and trading of retail futures accounts. He continued working in this capacity after Jack Carl’s subsequent purchase by MF Global, Inc. (formerly Man Financial, Inc.), until February 2005. In February 2005, Mr. Pliska became registered as an AP of Refco, LLC (“Refco”), a registered futures commission merchant, serving retail clients, where he remained until Refco’s holding company filed for bankruptcy in October 2005. He then joined Brewer Futures Group LLC, a registered introducing broker, in November 2005 until January 2009, where he was an associated person servicing retail clients. Mr. Pliska was a registered associated person at Index FX LLC, dba Index ProTrader Services ("Index"), an introducing broker from January 2009 through December 2010.  Mr. Pliska is currently registered as an associated person of Peregrine Financial Group, Inc. ("PFGBEST"), a registered futures commission merchant, since December 2010.  His Series #3 broker duties at PFGBEST allow Dwayne to assist retail clients with order placement and market assistance daily.  Market knowledge and trade analysis on market movement and news is discussed.  He also assists in helping clients establish trade accounts, as well as any questions on paperwork and account types (individual, corporate and IRA futures accounts).

The descriptions above are from the manager’s disclosure document.

THE RISK OF LOSS IN TRADING FUTURES, OPTIONS AND OFF-EXCHANGE FOREX CAN BE SUBSTANTIAL.  PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.  PLEASE READ THE CTA'S RISK DISCLOSURE DOCUMENT CAREFULLY BEFORE INVESTING MONEY.