Testimonials

An Expert Looks at His Options.

Greg McMurran
Chief Investment Officer
Analytic Investors
Los Angeles, CA
[$1.5 billion in assets]

Greg McMurran is no stranger to options. His Firm, Analytic Investors, is a pioneer in U.S. and global tactical asset allocation, quantitive equity and volatiltiy arbitrage strategies. "We manage more than $1.5 billion in assets for mutual funds, pension funds, trust companies, foundations, endowments and individual investors," he says. "Our performance results comprise the longest continuous published track record for option-enhanced strategies within the investment management community." McMurran emphasizes that his strategies are driven entirely by objective, quantitative models. There's no allowance for subjective biases in the decision making process.

"We use options to control risk and improve risk-adjusted returns. The new options on the Dow Jones Industrial Average^sm will help us manage exposure in our large-cap equity portfolios by enabling us to purchase protective puts on the most visible index there is. To the average investor, the equity market is The Dow^sm.

Protection for Downside Risk
"Options are an extremely efficient tool," says McMurran. "Since their inception, we've used hundreds of listed option products for risk management purposes." When institutional clients want to protect against large amounts of equity risk, there's no tool like options. They enable you to target return expectations by effectively managing downside risk.

Opening New Doors of Opportunity
With Options on the Dow Jones Industrial Average^sm, traded exclusively at The Chicago Board Options Exchange (CBOE), you can put to work your knowledge of the most reported, analyzed and forecasted index in the world. Plus, The CBOE has a complete line of other major index options. McMurran states, "Among The CBOE products we use are options on the S&P 500® (SPX), S&P 100® (OEX), Russell 2000® (RUT), Nasdaq 100® (NDX) and on individual equities." In fact, 92% of all index options trades on U.S. exchanges take place at The CBOE, the world's largest options market.

Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options (ODD). Copies of the ODD are available from your broker, by calling 1-888-OPTIONS, or from The Options Clearing Corporation, One North Wacker Drive, Suite 500, Chicago, Illinois 60606. The information on this website is provided solely for general education and information purposes and therefore should not be considered complete, precise, or current. Many of the matters discussed are subject to detailed rules, regulations, and statutory provisions which should be referred to for additional detail and are subject to changes that may not be reflected in the website information. No statement within the website should be construed as a recommendation to buy or sell a security or to provide investment advice. The inclusion of non-CBOE advertisements on the website should not be construed as an endorsement or an indication of the value of any product, service, or website. The Terms and Conditions govern use of this website and use of this website will be deemed acceptance of those Terms and Conditions.