Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2025

Fair Value Disclosures [Abstract]

Derivative Instrument Fair Value Based on Hierarchy


June 30, 2025		Total				Level 1				Level 2				Level 3
Assets
Futures		$	2,568,558			$	2,568,558			$	-			$	-
Forwards			863,111				-				863,111				-
Options purchased			3,329,589				3,329,589				-				-

Total assets		$	6,761,258			$	5,898,147			$	863,111			$	-

Liabilities
Futures		$	1,927,946			$	1,927,946			$	-			$	-
Forwards			941,809				-				941,809				-
Options written			606,538				606,538				-				-

Total liabilities		$	3,476,293			$	2,534,484			$	941,809			$	-



December 31, 2024		Total				Level 1				Level 2				Level 3
Assets
Futures		$	3,546,893			$	3,546,893			$	-			$	-
Forwards			1,162,363				-				1,162,363				-
Options purchased			5,354,371				5,354,371				-				-

Total assets		$	10,063,627			$	8,901,264			$	1,162,363			$	-

Liabilities
Futures		$	3,747,830			$	3,747,830			$	-			$	-
Forwards			1,360,291				-				1,360,291				-
Options written			3,281,715				3,281,715				-				-

Total liabilities		$	8,389,836			$	7,029,545			$	1,360,291			$	-