Optionable ETFs. Updated List
Nov 14, 2004
I strongly believe that individual invesors can achieve above average results by investing in a portfolio of exchange traded funds (ETFs) and writing covered call options on that portfolio. Very few individual (or professional for that matter) investors have the ability to achieve above average returns by chooisng individual stocks to own.
The best chance for individual investors to achieve better-than-average market performance comes from adopting a combination stratgy: indexing and covered call writing. To that end, below is a list of those ETFs for which listed options are available. For more details on how to construct a portfolio of ETFs and how to plan and execute the covered call writing strategy, see my new book, Create Your Own Hedge Fund: Increase Profits and Reduce Risk with ETFs & Options (John Wiley & Sons, Jan 2005).
Underlying ETF Symbol DIAMONDS (DJIA) DIA NASDAQ 100 Index Tracking Stock QQQ FORTUNE 500 Index Tracking Stock FFF iShares Cohen & Steers Realty Major ICF iShares Dow Jones US Utilities Sector IDU iShares Dow Jones US Energy Sector IYE iShares Dow Jones US Financial Sector IYF iShares Dow Jones US Healthcare Sector IYH iShares Dow Jones US Technology Sector IYW iShares Dow Jones US Telecommunications Sector IYZ iShares Russell 1000 IWB iShares Russell 1000 Growth IWF iShares Russell 1000 Value IWD iShares Russell 2000 IWM iShares Russell 2000 Growth IWO iShares Russell 2000 Value IWN iShares Russell 3000 IWV iShares Russell 3000 Growth IWZ iShares Russell 3000 Value IWW iShares Russell MidCap IWR iShares Russell MidCap Growth IWP iShares Russell MidCap Value IWS iShares S&P 100 Index Fund OEF iShares MidCap 400 Index IJH iShares MidCap 400 BARRA Growth Index IJK iShares MidCap 400 BARRA Value Index IJJ iShares SmallCap 600 Index IJR iShares SmallCap 600 BARRA Growth Index IJT iShares SmallCap 600 BARRA Value Index IJS MidCap SPDRS MDY PowerShares Dynamic Market Portfolio PWC PowerShares Dynamic OTC Portfolio PWO Vanguard Total Market VIPERS VTI iShares Goldman Sachs Networking Index IGN iShares Goldman Sachs Semiconductor Index IGW iShares Goldman Sachs Software Index IGV iShares Goldman Sachs Technology Index IGM iShares MSCI EAFE Index EFA StreetTRACKS Dow Jones Global Titans Index DGT Fidelity NASDAQ Composite Index ONQ Biotech HOLDRS BBH Broadband HOLDRS BDH Europe 2001 HOLDRS EKH Internet Architecture HOLDRS IAH Internet HOLDRS HHH Market 2000+ HOLDRS MKH Oil Service HOLDRS OIH Pharmaceutical HOLDRS PPH Regional Bank HOLDRS RKH< Retail HOLDRS RTH Semiconductor HOLDRS SMH Software HOLDRS SWH Telecom HOLDRS TTH Utilities HOLDRS UTH Wireless HOILDRS WMH iShares NASDAQ Biotechnology Sector IBB Select SPDR - Health Care XLV Select SPDR - Materials XLB Select SPDR - Consumer Staples XLP Select SPDR - Energy XLE Select SPDR - Financial XLF Select SPDR - Industrial XLI Select SPDR - Technology XLK Select SPDR - Utilities XLU Select SPDR - Consumer Discretionary XLY
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Current list of ETFs with options Access to Loans Essential in Volatile Economy, Markets