PLASMA Features

Discover the comprehensive capabilities that make PLASMA the next generation Options Overlay Operating System.

Client & Data Infrastructure

  • Seamless Integration:

    Easily connect client separate account data and underlying model portfolios for option strategies across multiple custodians.

  • Sleeve Accounting:

    Maintain option overlay accounting for individual sub-accounts (no need to segregate underlying assets into new sub-accounts)

  • Options Market Data:

    Historical & real-time (T-15 minutes) options pricing + volatility surfaces (T-1) on stocks & ETFs, enriched with internal modeling

Option Strategy Research

  • Rigorous Research:

    Rapid backtesting across options strategy variations for any number of underlying holdings with flexible optimization methodologies.

  • Proposal Generation:

    Intuitively illustrate the return, income, growth, and risk objectives for option overlays strategies relative to the underlying holdings.

  • Option Overlay Model Construction:

    Systematize Option Overlay Model construction with flexible rules to open and close/roll options for various underlying holdings.

  • Option Overlay Use-Cases:

    Covered calls to start, but over time will support any multi-leg structure (e.g., collars, put spread collars, cash covered put spreads).

Portfolio Management

  • Scalable Trade Generation:

    1-click real-time trade file generation across multiple custodians for any number of client separate accounts linked to Option Overlay Models.

  • Portfolio Monitoring Dashboard:

    Define real-time threshold-based alerts on any available metric & receive automated alerts related to the underlying positions.

  • Active Management:

    On-the-fly management of any leg at the Option Overlay Model or client account level (e.g., close/roll legs, change the rules).

  • Intuitive Overlay Performance Reporting:

    Combine underlying asset and option strategy performance at client sleeve level decomposing risk, income, and growth enhancement/reduction.

Tech Built for Wealth Platforms

Wealth-centric Software UI

Intuitive workflows for advisors & portfolio managers

API-First & Composable

Custom-build complete systems and workflows with our API microservice 'building blocks'

Tech Stack 'Boltability'

Embed directly into existing trading systems & automated client account data fetching

Outsourced Trading (as needed)

Hire our asset management affiliate to assist with option-specific execution services

Cloud-Native Scale

Ground-up architecture optimized to support limitless model portfolios, accounts, & holdings

Time-Saving Automation

Automate repetitive tasks and focus on strategic decision-making

Ready to transform how you invest in options for your clients?

We are launching our covered calls pilot program in Q2 2025 and have room for additional participants. Please contact us for more information.

Contact Us Today