Red River Capital LLC is a Commodity Trading Advisor firm specializing in the trading of volatility futures, primarily the VIX. The firm is based out of Indianapolis, Indiana.
Red River Capital LLC takes advantage of the VIX term structure, the relationship of the spot VIX to futures prices, and the mean-reversion characteristics unique to the VIX. Positions are generally opened with target holding time of hours or days, and the strategy often involves dozens or hundreds of trades per month. Holdings currently include only long and short VIX positions, along with options on S&P or VIX futures (held as insurance).
The strategy seeks to achieve high returns by harnessing the power of volatility while maintaining a low correlation to the S&P 500.