Frequently asked questions

AcuBooth is a rules based covered call overlay program for RIAs and institutional advisors, operated by Toll Booth Trading LLC. It writes and manages covered calls on a client's existing positions automatically, following a published rulebook.

An overlay strategy applied on top of an existing portfolio without replacing the primary manager or disrupting core holdings. AcuBooth functions as an overlay manager for the covered call sleeve only, operating within the client's existing custodian account.

A covered call ETF pools client assets, applies a uniform strategy, and rebalances periodically. AcuBooth is an individually managed overlay applied to a specific client's own positions with account level parameters, running continuously rather than on a fixed schedule.

No. The engine is governed by a deterministic rules engine, pre defined criteria that produce fully predictable outcomes given the inputs. There is no machine learning or AI inference in trade decisions, and every execution can be traced to the specific rule that triggered it.

The engine continuously scans the option chain for eligible positions, screening candidates against configured parameters like delta caps, minimum credit, and bid/ask spread, then selects the highest scoring candidate that clears every rule. See Trade Scenarios for real worked examples.

Rolls are triggered by proximity based rules, for example when the underlying price approaches the strike within a configured distance. Early closes are triggered by premium capture thresholds, closing a position once enough of the credit has been captured and the remaining yield no longer justifies holding it.

Preserve Equities favors strikes further from the current price, reducing assignment risk and prioritizing keeping the underlying position uncapped. Premium Optimization favors strikes closer to the current price, collecting more premium at the cost of a higher chance of assignment.

Expirations that would settle inside a company's earnings window are dropped from consideration before any scoring happens, regardless of how attractive the premium looks.

Covered calls are written in 100 share contracts, so a position needs at least 100 shares to be eligible. Smaller positions are excluded automatically.

No. The advisor of record remains unchanged. AcuBooth operates as an overlay manager on a separate sleeve.

The custodian, at all times. AcuBooth never takes custody of client funds or securities.

No. AcuBooth's discretion is limited in scope to executing covered call strategies on eligible positions within the covered call sleeve, as specified in the overlay agreement. The advisor of record retains discretion over the core portfolio.

Yes. You can pause overlay activity on a specific position at any time, or exit it entirely, without affecting the rest of the account.

A flat $100 per month for the full overlay across all eligible positions. Accounts above $250,000 AUM are planned to move to AUM based SMA pricing after the initial period, but that tier is not yet available.

Accounts under $250,000 AUM continue at $100 a month, nothing changes. Accounts above $250,000 are planned to move to AcuBooth's SMA program with AUM based pricing, but that tier is not yet available and will not launch until AcuBooth completes investment adviser registration. Until then, all accounts remain on the flat $100/month rate.

Custodian support varies and is confirmed on a per account basis during onboarding, before any agreement is signed.

Your firm earns half of every client fee, paid on an ongoing basis rather than a one time referral fee.

No. Past performance is not indicative of future results. Any figures referenced are illustrative of specific accounts only.

Covered calls cap upside participation above the strike price, and carry assignment risk, meaning the underlying shares may be sold if the option is exercised. Premium income is variable and not guaranteed.

No. AcuBooth is not registered as an investment adviser with the SEC or any state securities regulator. Advisors using the AcuBooth program who are themselves registered retain their own registration and fiduciary obligations to their clients.