DOUBLE HELIX is a systematic, mechanical options selling program that trades 5 to 6 times per month. Prior to each trade, the program calculates a Market Score which gives a green/yellow/red light reading. We will take a full/half/zero position for that given trade based on this score. In times of a substantial market decline, the system will shut-off thus decreasing our drawdown and avoiding selling options in a expanding volatility environment.
When each trade is initiated, a definitive profit target / stop is calculated. If any option reaches a risk management level, it is exited. We do not roll or adjust ANY option positions. Options are sold between 65 and 30 days to expiration. We buy all options back before expiration and will exit short options prior to the week they expire.