Covered Strangles: A Combination of Options Income Strategies

Two common options strategies used by advisors are selling covered calls and cash-secured puts. Join us as we discuss the strategy of combining the two to increase a portfolio’s income potential, or as a way to buy and sell shares at pre-determined levels. This informative webcast can help you:

• Identify the benefits and risks of combining the cash-secured put and covered call strategies against long stock.
• Evaluate prospective candidates for the strategy based on liquidity, potential income, and willingness to buy or sell shares.
• Determine selection criteria and management techniques for covered strangles.

Continuing Education (CE) Credit: 1 CERTIFIED FINANCIAL PLANNER™ (CFP™) CE credit. 1 CIMA®, CPWA®, CIS^sm and RMA^sm CE credit.

Note: CE credits are not available when accessing the webcast through the replay link. You must attend the live webcast to be eligible for the CE credits.

Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options. Please read the options disclosure document titled "Characteristics and Risks of Standardized Options". Supporting documentation for any claims or statistical information is available upon request. Covered calls provide downside protection only to the extent of the premium received and limit upside potential to the strike price plus premium received. The cash secured put strategy risks purchasing the corresponding stock at the strike price when the market price of the stock will likely be lower.