TY - JOUR T1 - Options on Exchange-Traded Funds JF - ETFs and Indexing SP - 36 LP - 39 VL - 2005 IS - 1 AU - Patricia Sanchez-Marin Y1 - 2005/09/21 UR - http://guides.pm-research.com/content/2005/1/36.abstract N2 - The availability of ETF options make more sophisticated trading techniques accessible to a broader segment of the investor population. With options on ETFs, investors are able to hedge market exposure or seek excess return without disrupting the asset allocation mix of their portfolios. And as the benefits of options strategies become more widely known, both the number and appeal of options on ETFs should continue to expand. This article details the ever-widening availability of options on ETFs, with specific attention to the S&P 500® SPDR ETF. In addition, the article provides three examples ETF options strategies and describes the optimal conditions under which investors may want to consider implementing those strategies. ER -