A Derivative Income Strategy

A Proof of Concept: A three leg synthetic covered call on a single underlying equity, replicating a leading option-income ETF's strategy on a retail scale, hosted and deployed on a home server.

Made by Ryan Sancilio. Not financial advice. For educational and entertainment purposes only.

BotMachineState.ERROR
Live since 2026-06-15 · 24 trading days · 0 cycles completed
Performance
YTD Return -4.01%
ROCE Annualized —
Win Rate 0.0%
Sharpe Ratio — rf=0%
Risk
Sortino Ratio —
Max Drawdown -4.22%
Volatility —
VaR 95% —
Strategy
Avg Cycle Duration 0.0d
Assignment Rate 0.0%
Tracking Error vs Benchmark 30.60%
Cash Sweep
Sweep Fund Value $37114.76
Shares Held 369.00
Cash Yield YTD +0.02%
Strategy-Only YTD -4.03%
Mark-to-Market YTD +$21.38
Dividends YTD +$0.00
Interest YTD +$0.00
How It Works
1: Synthetic Long

Buy ATM call + sell ATM put at the same strike. Replicates 100 shares of the underlying equity's exposure without owning the stock.

2: Income Leg

Sell weekly OTM call against the synthetic position. Collects premium that generates the strategy's yield.

3: Roll & Manage

Automated rolling, assignment handling, and risk management. Kill switch and standdown modes protect capital.