Use of options trading strategies has surged in the last few years, as measured by flows into Morningstar’s Options Trading category. The category continues to be one of the most popular alternative categories for inflows this year, second only to the Derivative Income category. (See the Calamos Alternatives Snapshot, which reports weekly on flows and performance data).
The essential characteristics of effective capital allocation using option overlays will be the focus of a Cboe Global Markets webinar “Building the Portfolio of the Future,” featuring Calamos options experts Senior Vice President Jason Hill and Vice President and Portfolio Specialist Joe Cusick.
To be held at noon ET Wednesday, September 21, the webinar is intended as a practitioner’s guide. The presenters will cover:
As Co-Portfolio Manager of Calamos Market Neutral Income Fund (CMNIX) and Calamos Hedged Equity Fund (CIHEX) and with 20 years of experience trading options, Hill is responsible for portfolio management and investment research. In his role as portfolio specialist, Cusick is responsible for communicating about the firm’s hedged equity strategy, including investment process, positioning, and risk attribution to clients, consultants, and other investors. Before joining Calamos, he served as the Director of Institutional Education and Business Development for The Options Industry Council (OIC).
Hosting the webinar will be Rick Rosenthal, Director, North American Derivatives Sales for Cboe Global Markets. In this role, Rosenthal actively promotes the use of Cboe’s proprietary index products to institutional market participants. He also educates market participants on the utility of Cboe’s proprietary index listed derivatives and works with third-party index providers to support index adoption.
Register for the webinar for what promises to be an educational hour. Investment professionals, for additional information about how Calamos uses options strategies, contact your Calamos Investment Consultant at 800-582-6959 or email@example.com.
Before investing carefully consider the fund’s investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information which can be obtained by calling 1-800-582-6959. Read it carefully before investing.
The principal risks of investing in the Calamos Market Neutral Income Fund include: equity securities risk consisting of market prices declining in general, convertible securities risk consisting of the potential for a decline in value during periods of rising interest rates and the risk of the borrower to miss payments, synthetic convertible instruments risk, convertible hedging risk, covered call writing risk, options risk, short sale risk, interest rate risk, credit risk, high yield risk, liquidity risk, portfolio selection risk, and portfolio turnover risk.
The principal risks of investing in the Calamos Hedged Equity Fund include: covered call writing risk, options risk, equity securities risk, correlation risk, mid-sized company risk, interest rate risk, credit risk, liquidity risk, portfolio turnover risk, portfolio selection risk, foreign securities risk, American depository receipts, and REITs risks.
The Morningstar Options Trading Category is comprised of funds that use a variety of options trades, including put writing, options spreads, options-based hedged equity, and collar strategies, among others.