Tiras Capital is an incubation-stage investment management firm specializing in selling (writing) short-term option spreads on major equity indices. Our primary objective is to capture option premiums by leveraging the rapid time decay of short-term options, typically with a lifespan of one week or less. 

The strategy is approximately 80% systematic, driven by proprietary rules-based models, and 20% discretionary, allowing adaptability to evolving market conditions.

We employ a defined-risk approach, hedging sold options with simultaneously purchased options at lower strike prices to cap risk at the outset, protecting against "black swan" events and ensuring controlled exposure. 

By utilizing multiple proprietary trading models, we optimize trade timing, duration, and strike selection to maximize risk-adjusted returns.