Loading
We use first principles thinking and a creative approach to problem solving while
making data driven decisions.
BlueAster Capital is a fully licensed and regulated asset manager in the Kingdom of
Bahrain, overseeing institutional-grade investment funds and operating under
stringent regulatory standards.
Together, 369c and BlueAster Capital have partnered to launch the SPX Alpha Fund - a
specialised quantitative strategy designed to systematically capture intraday
inefficiencies in S&P 500 index options with disciplined risk management and
institutional oversight
SPX Alpha Fund uses a quantitative approach to systematically identify and capture intraday opportunities in the S&P 500 Index options market.
Our strategy trades same-day expiry (0DTE) SPX options, with all positions closed before 4:00 p.m. Eastern. The strategy is fully automated, utilizing a combination of trend following and mean-reversion signals derived from the SPX, NDX, their constituents, and the broader options market.
The portfolio is typically delta neutral and short vega but adjusts exposures based on prevailing market conditions—at times becoming long/short delta or long vega.
Positions are held for an average of 30 minutes, taking advantage of short-term inefficiencies.
The ratio of puts and calls traded is close to 50/50. The ratio of longs and shorts is also close to 50/50.