Portable Yield Strategy
The Portable Yield Strategy (PYS) seeks to provide a steady level of incremental income (option premium) through the systematic writing of index-based call and put spreads.
- The strategy requires no initial funding by the client.
- The use of spreads has an objective of a pre-defined maximum risk budget on outstanding positions.
- The return stream is independent of the beta source.
Concentrated Stock Overlay
The Concentrated Stock Overlay (CSO) strategy is a dynamic option strategy that seeks to help an investor increase the productivity of a concentrated equity position by generating a new income stream (option premium) from writing call options on the underlying equity position.
As a tradeoff, the investor must be willing to forego potential upside appreciation (the opportunity risk).