Quantum Price Action Futures (QPAF) is a systematic, intraday liquid alpha strategy designed to capture high-probability price-action sequences across global futures markets. While the program is currently focused on the S&P 500 E-Mini and E-Micro (ES/MES) to demonstrate edge and execution consistency, the underlying logic is instrument-agnostic. The strategy is built on a roadmap to expand into highly liquid Commodity, Crypto, Treasury, and other Index futures.

QPAF identifies short-term structural inefficiencies through a proprietary framework that is 90% systematic and 10% discretionary. The investment style is categorized as Short Term, Global Macro, and Multistrategy. This approach provides investors with a "Crisis Alpha" profile, specifically designed to deliver non-correlated returns during periods of broad market volatility. The strategy maintains a strong negative correlation to equity benchmarks.

Risk Management

The QPAF risk management framework is anchored by a "Flat-at-Close" requirement, which aims to minimize overnight gap risk. This discipline aims to avoid adverse exposure to the price gaps that can occur between market sessions.

Discretionary Oversight: The 10% discretionary component allows for human oversight of algorithmic integrity and risk protocols.

Governance: As CIO, Allen Kaplun oversees all risk protocols and regulatory compliance, bridging foundational market principles with modern execution technology.

Compliance Oversight: The firm engages outside legal counsel specifically for NFA compliance and regulatory governance.

Technical Integrity: All strategies undergo exhaustive testing by the firm's quantitative and software engineering team prior to deployment to ensure algorithmic stability.

Transparency: The strategy is offered via Managed Accounts, aiming to provide allocators with real-time transparency and liquidity.

Company Background: Theta Capital Management, LLC

Theta Capital Management, LLC is a specialized Commodity Trading Advisor (CTA) and alternative investment manager based in Frisco, Texas. The firm is dedicated to the development and execution of intraday, liquid alpha strategies designed to provide investors with high-probability price-action sequences and essential "Crisis Alpha".

Foundational Expertise & Leadership
The firm is led by Principal and CIO Allen Kaplun, who brings over 20 years of cross-disciplinary expertise spanning discretionary trading, securities law, and operational leadership. Since beginning his career in 1999, Mr. Kaplun has spearheaded the evolution of manual price-action patterns into the rigorous, machine-assisted systematic framework that defines the firm’s flagship program, Quantum Price Action Futures (QPAF).

Investment Philosophy
Theta Capital Management operates on the core belief that short-term structural inefficiencies can be captured through a disciplined 90% systematic and 10% discretionary framework. By employing a "Flat-at-Close" mandate, the firm prioritizes capital preservation by targeting minimum overnight gap risk, resulting in a strategy that maintains a strong negative correlation to broad equity benchmarks.

Principal Alignment
Demonstrating a deep commitment to investor interests, the firm’s leadership has personally committed over $300,000 to the research and development of its core systems. Furthermore, the Principal maintains a significant personal allocation of $500,000 in live capital within the strategy, ensuring total alignment with the firm's managed account clients.

Operational Excellence
Theta Capital Management emphasizes transparency and liquidity, offering its strategies via managed accounts for Qualified Eligible Persons (QEPs). The firm bridges foundational market principles with modern execution technology to deliver non-correlated returns during periods of market volatility.

Allen Kaplun is the Principal and Chief Investment Officer of Theta Capital Management, LLC, where he oversees all governance, regulatory compliance, and risk protocols. With over 20 years of cross-disciplinary expertise, Mr. Kaplun’s career spans discretionary trading, securities law, and operational leadership.

Evolution of Strategy: Since beginning his career in price-action trading in 1999, he has spearheaded the evolution of manual patterns into a rigorous, machine-assisted systematic framework.

Institutional Bridge: In his role as Principal, he bridges foundational market principles with modern execution technology.

Research & Development: He has personally committed over $300,000 to the research and development of the Quantum Price Action Futures (QPAF) system.

Investor Alignment: Demonstrating a deep alignment with investor interests, Mr. Kaplun has allocated $500,000 of his own capital to the strategy.

Mr. Kaplun’s leadership is defined by a commitment to transparency and the maintenance of a "Crisis Alpha" profile designed to deliver non-correlated returns during periods of broad market volatility.