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Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Derivative Fair Value of Assets and Liabilities Using Unobservable Inputs

During the years ended December 31, 2017 and 2016, there were no transfers of assets or liabilities between Level 1 and Level 2.

 

 

 

December 31,

2017

 

 

Quoted Prices

in Active

Markets for

Identical

Assets and Liabilities

(Level 1)

 

 

Significant

Other

Observable

Inputs

(Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in U.S. government securities, at

   fair value

 

$

25,107,663

 

 

$

—

 

 

$

25,107,663

 

 

$

—

 

Options purchased

 

 

211,200

 

 

 

211,200

 

 

 

—

 

 

 

—

 

Total assets

 

 

25,318,863

 

 

 

211,200

 

 

 

25,107,663

 

 

 

—

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Written options

 

$

209,000

 

 

$

209,000

 

 

$

—

 

 

$

—

 

Total liabilities

 

 

209,000

 

 

 

209,000

 

 

 

—

 

 

 

—

 

Net fair value

 

$

25,109,863

 

 

$

2,200

 

 

$

25,107,663

 

 

$

—

 

 

 

 

December 31,

2016

 

 

Quoted Prices

in Active

Markets for

Identical

Assets and Liabilities

(Level 1)

 

 

Significant

Other

Observable

Inputs

(Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in U.S. government securities, at

   fair value

 

$

34,993,486

 

 

$

—

 

 

$

34,993,486

 

 

$

—

 

Options purchased

 

 

621,000

 

 

 

621,000

 

 

 

—

 

 

 

—

 

Total assets

 

 

35,614,486

 

 

 

621,000

 

 

 

34,993,486

 

 

 

—

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Written options

 

$

699,200

 

 

$

699,200

 

 

$

—

 

 

$

—

 

Total liabilities

 

 

699,200

 

 

 

699,200

 

 

 

—

 

 

 

—

 

Net fair value

 

$

34,915,286

 

 

$

(78,200

)

 

$

34,993,486

 

 

$

—