PLASMA Features

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

Client & Data Infrastructure

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Seamless Integration:
Easily connect client separate account data and underlying model portfolios for option strategies across multiple custodians.
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Sleeve Accounting:
Maintain option overlay accounting for individual sub-accounts (no need to segregate underlying assets into new sub-accounts)
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Options Market Data:
Historical & real-time (T-15 minutes) options pricing + volatility surfaces (T-1) on stocks & ETFs, enriched with internal modeling

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Rigorous Research:
Rapid backtesting across options strategy variations for any number of underlying holdings with flexible optimization methodologies.
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Proposal Generation:
Intuitively illustrate the return, income, growth, and risk objectives for option overlays strategies relative to the underlying holdings.
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Option Overlay Model Construction:
Systematize Option Overlay Model construction with flexible rules to open and close/roll options for various underlying holdings.
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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).

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

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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).
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Intuitive Overlay Performance Reporting:
Combine underlying asset and option strategy performance at client sleeve level decomposing risk, income, and growth enhancement/reduction.

Intuitive workflows for advisors & portfolio managers

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

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

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

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

Automate repetitive tasks and focus on strategic decision-making

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