The document outlines three options trading strategies: 1) No Direction Bias, Contained Risk - selling options for premium while buying options to control risk, benefiting from range-bound markets. 2) Diversified Positions, Staggered Entry - reducing sensitivity to index path by diversifying entry points, expiration dates, and strike prices. 3) Risk Focused Active Management - adjusting positions to mitigate market directional risk and reduce exposure to gap risk. It includes two charts: a scatter plot and a line graph showing SPX and related options over time.
documents/vol00010-efta01363038-pdf.pdf
{"title":"Disciplined Investment Management Process","document_type":"other","reference_numbers":["DB-SDNY-0052879","SDNY_GM_00199063","EFTA01363038"]}