HiProb Capital Management LLC
Neutral Plus
Principal:
Chuan Wang
Index Option Spreads / Plus Box Option Spreads | Spread Trading, Arbitrage, and hedging
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Month Performance
+0.76%
Aug 2026
YTD Return
+13.16%
Through Aug 2026
AUM
$14,500,000
Assets Under Management
Overview
Neutral-Plus is an extension of Neutral and augments Neutral by fully utilizing daily margin limits. Since August 2022, Neutral-Plus has increased additional trading on days of expiration. Since February 2023, Neutral-Plus has also added box option spreads on S&P500 futures, generating extra profits. A box option spread is a more flexible and efficient way to capture the “risk-free” rate than similar duration T-bills.
Program Details
| Inception Date | Aug 2022 |
| Trading Style | Spread Trading, Arbitrage, and hedging |
| Holding Period | Long Term, Medium Term, Short Term, Intraday |
| Markets Traded | Stock Indices |
| Margin | 10% to 30% |
| Minimum Investment | $1,000,000 |
| Management Fee | 2% |
| Performance Fee | 20% |
This is a snapshot only. Investors should read Disclosure/Offering documents to determine suitability of investment.
GROWTH OF $1,000 VAMI
Program vs. Autumn Gold CTA Index
About the Autumn Gold CTA Index:
The Autumn Gold CTA Index is a non-investable index comprised of performance from CTA programs included in the Autumn Gold database and does not represent the complete universe of CTAs.
Hypothetical growth of $1,000 based on reported monthly returns.
PERFORMANCE SUMMARY
Annual Returns (Net)
| YEAR | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| RETURN | +23.15% | +9.18% | +22.33% | +5.82% |
Maximum Drawdown Since Inception
-3.52%
Past performance is not indicative of future results.
Investor Eligibility
What is a QEP?
A Qualified Eligible Person (QEP) is an investor or entity that meets the eligibility requirements described in CFTC Regulation 4.7. The applicable requirements vary by investor type and may include financial, portfolio, professional, or institutional qualifications.
This information is provided for general reference only. QEP status is
self-identified here and should be determined by reviewing the applicable
regulation and, when appropriate, with your professional advisers.
FUTURES, OPTIONS, CRYPTO, AND FOREX TRADING INVOLVES RISK AND MAY NOT BE SUITABLE FOR ALL INVESTORS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.