Investment Strategy

Opesbridge Opportunities LP's (the "Fund's") objective is to generate attractive, risk-adjusted returns over long investment cycles with less volatility than the broad stock market.  The Fund seeks to achieve this objective by identifying short term, medium term or long term capital appreciation opportunities on equity securities in a variety of industries and market sectors, exchange-traded funds (“ETFs”) and equity indices, such as the S&P 500 and the Russell 2000, and then profiting from these opportunties using a variety of stock and options trading techniques.

Opesbridge Capital LLC ("Opesbridge Capital"), the general partner of the Fund, identifies undervalued, oversold, overvalued or overbought equity securities, ETFs and equity indices by utilizing fundamental analysis and technical indicators.  Because Opesbridge Capital generally focuses on a small number of companies, and a small number of stock and options positions, at a time the Fund's portfolio is expected to exhibit relatively low correlation to the broad stock market indices, and to be relatively dependent on the idiosyncratic performance of individual stocks.

Once undervalued or oversold equity securities, ETFs and equity indices are identified Opesbridge Capital purchases, buys call options on or writes put options on such equity securities, ETFs and equity indices, to attempt to profit from owning directly or from having long option exposure to equity securities, ETFs and equity indices which are expected to rise in price.  Once overvalued or overbought equity securities, ETFs and equity indices are identified Opesbridge Capital sells short, buys put options on or writes call options on such equity securities, ETFs and equity indices, to attempt to profit from shorting directly or from having short option exposure to equity securities, ETFs and equity indices which are expected to decline in price.

Opesbridge Capital also seeks to profit from the volatility of options and the time decay of options.  Opesbridge Capital often will sell front month, out-of-the-money call option spreads or put option spreads on equity securities, ETFs and equity indices ahead of expiration seeking to profit from the rapid decay in time premium.  Opesbridge Capital may short strangles to profit from volatility collapse and time decay.  Opesbridge Capital also may utilize different types of hedged options spreads.