White Indian Trading Co. Ltd

(SC Strangle Energy - Prop)

Fund Investment Objectives

SC STRANGLE ENERGY is a two step program that provides delta coverage. The first step sells an Energy Strangle (put and calls outside of the money). The second step places orders in the underlying futures market to provide delta coverage once the market moves in a trend direction therefore creating a covered option on the trend side of the trade and seeks to gain the premium on the opposite option. Returns are based on proforma adjustments to a proprietary account to reflect fees. Client accounts will be traded in like fashion.