EFTA Document EFTA01363038

DISCIPLINED INVESTMENT MANAGEMENT PROCESS 108 105 100 93 88 NO DIRECTION BIAS, CONTAINED RISK Sell options to generate premium; simultaneously buy cheaper options to contain and quantify risk Exposure limited to the difference between the short call strike and long call strike less premium received Benefits from a market that is relatively range bound Maximum profit reakzed if the index expires between the short call and short put Exposure limited to the difference between t