Our Mission

Capital Delta delivers stable, superior risk-adjusted returns through a fully automated, end-to-end options trading framework. We specialize exclusively in options—the most versatile and mathematically rich derivatives in financial markets. By combining probabilistic modeling, AI-driven position management, and institutional-grade infrastructure, we systematically harvest volatility dislocations and structural inefficiencies inherent in options markets globally.

Why Options Matter

Options are not just another financial instrument—they're the building blocks of sophisticated portfolio construction:

• Asymmetric Payoffs: Unlike stocks or futures, options allow us to define our maximum risk while maintaining unlimited upside potential
• Volatility as an Asset Class: Options provide pure exposure to implied volatility, enabling strategies that profit regardless of market direction
• Capital Efficiency: Through careful strike selection and spread construction, we achieve superior returns on margin compared to linear instruments
• Risk Sculpting: Multi-leg strategies let us craft precise payoff profiles, targeting specific market scenarios while hedging unwanted risks
• Time Decay Harvesting: As option sellers, we can systematically collect theta decay, turning the passage of time into a reliable return source

Our expertise lies in navigating this complexity through automation, turning the options market's mathematical richness into consistent, risk-adjusted returns.

What Sets Us Apart

We've built our entire infrastructure around options trading, running sophisticated multi-leg strategies—spreads, butterflies, condors, and ratio structures—across futures, equity indices, single stocks, and cryptocurrency options. Every trade is selected by proprietary mathematical models that analyze the complete option surface, maximizing probability of success while optimizing payoff-to-risk ratios. Options provide us with surgical precision in expressing market views: we can profit from movements in price, volatility, time decay, or any combination thereof.

Full-Stack Automation

From signal generation to execution to risk management, our entire operation is machine-driven. Our reinforcement learning engine continuously optimizes live positions—delta-hedging, adjusting strikes, resizing exposure—while enforcing real-time limits on margin, drawdown, and portfolio Greeks.

Institutional Infrastructure

Built on a vertically-integrated technology stack in Rust, our systems achieve sub-millisecond latency through colocated servers in Chicago, Frankfurt, Madrid, and London. This infrastructure eliminates human lag and operational error while scaling linearly with assets under management.

Our Journey

Founded in 2025, Capital Delta emerged from a simple observation: options markets represent the deepest pool of tradeable inefficiencies in modern finance. Unlike linear instruments, options offer multidimensional opportunities—volatility skew, term structure anomalies, pin risk, and Greek imbalances—that systematic approaches can reliably capture. Starting with $60K in partner capital, we've achieved a 35.34% return with a maximum drawdown of 20.25% as of May 2025. These results, while strong, still include some manual intervention—we expect significant performance improvements as we transition to 100% automated execution, eliminating human latency and emotional bias from our trading decisions.

The Team

Led by Joaquín Béjar García, a quantitative developer with 20+ years of experience spanning traditional finance and cryptocurrency markets, our team brings together expertise in:

• Quantitative Finance: From Flow Traders to Deutsche Bank, Swissblock to Sphinx, building low-latency trading systems and sophisticated algorithms across traditional and cryptocurrency markets
• Technology Excellence: Expert-level proficiency in Rust, Go, Python, and C++, with proven track records at institutional trading firms
• Cross-Asset Infrastructure: Connecting regulated futures venues and 24/7 crypto exchanges to harvest volatility dispersions globally
• Risk Management: Engineering real-time risk kernels that enforce portfolio limits without human intervention

Our Vision

Over the next five years, Capital Delta will transform from a proprietary trading firm into a cross-Atlantic hedge fund platform, operating seamlessly between the Americas and Europe. We aim to:

• Complete a 24-month, Big-4-audited track record with Sharpe > 1.8 and max drawdown < 10%
• Secure dual regulation in the United States (CPO/CTA) and European Union (AIFMD-compliant)
• Launch flagship funds targeting €250 million AUM
• Expand our strategy suite while preserving our delta-neutral core

Why Capital Delta

In a world of algorithmic trading promises, we deliver:

• Proven Performance: Current live results show a Sharpe ratio of 0.88, Sortino of 14.22, with 20.25% max drawdown (as of May 2025)
• Exceptional Risk-Adjusted Returns: Our Sortino ratio of 14.22 demonstrates our ability to capture upside while minimizing downside volatility—and this is before full automation
• Path to Excellence: These metrics include residual manual interventions; complete automation will enhance performance by eliminating execution delays and human bias
• Scalable Technology: Currently utilizing less than 7% of available screen liquidity across major venues
• Transparent Operations: Institutional controls, audit trails, and real-time compliance dashboards
• Continuous Innovation: Proprietary synthetic market engines for exhaustive backtesting and strategy development

We're not just another quantitative fund. We're building the future of systematic options trading—where mathematical rigor meets technological excellence to deliver consistent, risk-adjusted returns.

Connect With Us

Ready to learn more about our systematic approach to options trading?

Contact us to discuss investment opportunities or partnership possibilities.