Custom Option Overlays

Income | Transition | Hedging

A customized client-driven blueprint, with daily monitoring as conditions evolve.

Covered Call Income Strategies

Problem: Client needs additional income but would prefer to not sell shares of their concentrated stock.

Solution: Sell conservative calls on the stock, capping clients potential upside in return for premium income.

Covered Call Transition Strategy

Problem: Client is looking to diversify out of a concentrated position over time in a tax efficient manner.

Solution: Sell more aggressive calls on the stock, capping clients potential upside in return for premium income.

        • Allows for upside participation compared to selling the entire position today
          • Spreads out the tax burden over multiple years
            • Losses in the options can be used to offset the gains from the sale of underlying stock

      Hedging Strategies

      Problem: Client is looking to protect their concentrated position from a significant drawdown.

      Solution: Provide downside protection through the purchase of puts.

      Put Purchase

       

      For clients concerned about left tail event and are willing to pay for the protection

      Collar

       

       

      Best for clients looking to protect without requiring a cash outlay

       

       

      Put Spread

       

      Best for clients looking to protect their position for a reduced cost and are not willing to cap their upside participation

      Buffered Collar

       

      Ideal for a client who is looking for low-cost protection with extra upside participation

      A Full Team Behind You

      Deep History: Extensive experience managing seven options-based funds, with $4.5 billion in current ETF suite and $11 billion in managed portfolios as of 03/31/2025.

      Client-Facing Support: Full team of credential portfolio managers, with expertise in both derivatives and market analysis.

      Active Management: Tailored solutions to retain more premium, participate in more upside and monetize protection with the goal of generating better outcomes for clients.

      Helping You Pursue Better Client Outcomes

      Download or view our Option Overlays Primer

      Option Overlays Primer

      Past performance is not indicative of future results. This material is not financial advice or an offer to sell any product. The information contained herein should not be considered a recommendation to purchase or sell any particular security. Forward-looking statements cannot be guaranteed.​

      Aptus Capital Advisors, LLC is a Registered Investment Advisor (RIA) registered with the Securities and Exchange Commission and is headquartered in Fairhope, Alabama. Registration does not imply a certain level of skill or training. For more information about our firm, or to receive a copy of our disclosure Form ADV and Privacy Policy call (251) 517-7198.​ ​​

      *Aptus Conceptual Illustration is for illustrative purposes only and should not be interpreted as actual performance of any investor’s account. These figures are entirely assumed to illustrate the possible outcomes  of put and call options under specific stock price assumptions. As these are not actual results and completely assumed, they should not be relied upon for investment decisions. Actual results of individual investors will differ due to many factors, including individual investments and fees, client restrictions, different facts and circumstances, and the timing of investments and cash flows.

      Call options give the owner the right to buy the underlying security at the specified price within a specific time period. Put options give the owner the right to sell the underlying security at the specified price within a specific time period. A collar is an options strategy constructed by holding shares of the underlying stock while simultaneously buying put options and selling call options against that holding.

      Information presented is for educational purposes only. It is for informational purposes only and does not constitute a complete description of our investment services or performance. Information specific to the underlying securities making up the portfolios can be found in the Funds’ prospectuses. Please carefully read the prospectus before making an investment decision. All investments involve risk and unless otherwise stated, are not guaranteed. Be sure to consult with an investment & tax professional before implementing any investment strategy.​​ ACA-2505-22.