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It's actually a simple mean reversion system that buys uptrending stocks that have dipped and shorts downtrending stocks that have rallied. You'd notice this from a short look at the charts of the stocks traded.

Thanks! The system is a simple mean reversion system. Buy low, sell high. Short rallies, cover on dips. I find that stocks provide enough trading opportunities for the system I trade so I haven't found the need to trade options.