News, Vision & Voice for the Advisory Community


TD, Schwab and Pershing RIA units embrace mini-option mania to hedge Google, Apple, ETFs

Options have a gambling aura but some advisors find that the are quite the opposite when used with care

Wednesday, March 20, 2013 – 5:13 PM by Kelly O'Mara
no description available
Jeff Chiappetta: The most common thing advisors use options for is to sell a covered call. A covered call generates income in the immediate term.

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Mentioned in this article:

TD Ameritrade
Asset Custodian
Top Executive: Tom Nally

Pershing Advisor Solutions
Asset Custodian
Top Executive: Mark Tibergien

Frederick Van Den Abbeel / TradePMR

Frederick Van Den Abbeel / TradePMR

March 20, 2013 — 9:43 PM

Thank you RIA Biz for the informative article. I agree completely, options can be a very useful strategy if executed correctly.

To that end, I have coordinated a special options oriented trading class being presented by 2 experts on the subject from The Options Industry Council (OIC) next Thursday, March 28th in San Francisco.

I’ve received some nice feedback from the Advisors who have registered. I believe such a course might be helpful particularly for Advisors trying to learn more to see if including options within their toolbox might be a prudent strategy.


Stephen Winks

Stephen Winks

March 20, 2013 — 11:53 PM

There is the tension between Modern Portfolio Theory and Technical Analysis. Both are misunderstood. MPT requires decades and years of data for a very long view while technical analysis uses hours, days and weeks of data for an informed short term more tactical view.

Hedge funds require technical analysis because of their opportunistic nature and the use of leverage. Of course there are periods like today where current economic conditions contradicts historical circumstance which makes MPT less than reliable. Thus, the use of options strategy and more importantly technixcal analysis is essential for portfolio construction today.

If you have not used Dorsey Wright, you need to become more familiar with their global services with over a million charts updated in real time, providing incredible insight.




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