Loosening Your Collar: Alternative Implementations of QQQ Collars (PDF)
A ten year study by the Center for International Securities and Derivatives Markets at the University of Massachusetts found that a long protective collar strategy using 6-month put purchases and consecutive 1-month call writes earned far superior returns compared to a simple buy-and-hold strategy while reducing risk by almost 65%.

ISEE vs. Dow Jones Industrial Average - 2008 in Review (PDF)
Past analyses of ISEE values vs. market indices (DJIA and S&P 500) seemed to suggest that clusters of consecutive ISEE highs or lows may appear to signal changes in market direction, and usually the direction of the turn was contrarian to investor sentiment.

Options Based Portfolio Management Strategies - An Idea Whose Time Has Arrived (PDF)
West Chester Capital Advisors has released a paper written by the firm's Chief Investment Officer & Principal, Thomas F. McKeon, CFA. The white paper discusses several options strategies which can be used as tools to manage portfolio risk and augment income within asset allocation and portfolio construct. Mr. McKeon states: "Investors of all stripes should be willing to consider OBPMS. The return and risk data is compelling. More return with less risk is the holy grail...... " (May 2009)

The Changing Risk Management Landscape in Derivatives
Sponsored by The Options Industry Council, the Lepus report "The Changing Risk Management Landscape in Derivatives" highlights and explores a number of current trends, challenges and issues in the derivatives area including: Regulatory Changes, OTC vs. Exchange-Traded Derivatives, Risk Management, and Advantages of Different Approaches.

Click to view more White Papers and Research Articles

• Customer Portfolio Margin Overview
• Taxes & Investing Pamphlet (PDF)