{"product_id":"enhanced-indexing-strategies-isbn-9780470259252","title":"Enhanced Indexing Strategies","description":"Leveraged index investments, including index futures, options, and ETFs, are one of the fastest growing products in finance, as both retail and institutional investors are attracted to their long-term returns and capital efficiency. With \u003ci\u003eEnhanced Indexing Strategies\u003c\/i\u003e, author Tristan Yates reveals how you can create and build high-performance indexing strategies using derivatives that can potentially generate much higher returns than conventional index investing. In addition, \u003ci\u003eEnhanced Indexing Strategies\u003c\/i\u003e introduces six innovative long-term indexing strategies using futures and options, each with its own advantages and applications.  Preface.  \u003cp\u003e\u003cb\u003eCHAPTER 1 Owning the Index.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Story of Indexing.\u003c\/p\u003e \u003cp\u003eIndexing: Strategy or Philosophy?\u003c\/p\u003e \u003cp\u003eActive Investment Selection.\u003c\/p\u003e \u003cp\u003eIndex Investing and the Efficient Markets.\u003c\/p\u003e \u003cp\u003eReconciling Indexing and Active Investing.\u003c\/p\u003e \u003cp\u003eIndex Risk and Reward.\u003c\/p\u003e \u003cp\u003eDrift and Noise.\u003c\/p\u003e \u003cp\u003eMomentum, Mean Reversion, and Market Cycles.\u003c\/p\u003e \u003cp\u003eCycles and Regime Change.\u003c\/p\u003e \u003cp\u003eUnderstanding Volatility.\u003c\/p\u003e \u003cp\u003eHigh Performance Indexes.\u003c\/p\u003e \u003cp\u003eSmall Cap and Value Premium.\u003c\/p\u003e \u003cp\u003eStock Migration.\u003c\/p\u003e \u003cp\u003eAdditional Factors.\u003c\/p\u003e \u003cp\u003eForecasting Index Returns.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 2 Applying Leverage.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLeveraged Investments: Conservation of Risk.\u003c\/p\u003e \u003cp\u003eUsing the Leverage Ratio.\u003c\/p\u003e \u003cp\u003eUnderwater Investments.\u003c\/p\u003e \u003cp\u003eDebt and Interest Effects.\u003c\/p\u003e \u003cp\u003eSources of Leverage.\u003cbr\u003e \u003c\/p\u003e \u003cp\u003eMargin Loans.\u003c\/p\u003e \u003cp\u003eFutures.\u003c\/p\u003e \u003cp\u003eOptions.\u003c\/p\u003e \u003cp\u003eExample: Synthetics.\u003c\/p\u003e \u003cp\u003eOther Debt Sources.\u003c\/p\u003e \u003cp\u003eManaging a Leveraged Portfolio.\u003c\/p\u003e \u003cp\u003ePortfolio Sizing.\u003c\/p\u003e \u003cp\u003ePortfolio Allocations.\u003c\/p\u003e \u003cp\u003eRebalancing with Leverage.\u003c\/p\u003e \u003cp\u003eDollar Cost Averaging and Liquidity Preference.\u003c\/p\u003e \u003cp\u003eReinvesting Leveraged Gains.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 3 Indexing with Synthetics and Futures.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAsset Allocation.\u003c\/p\u003e \u003cp\u003eIndex Portfolio Returns.\u003c\/p\u003e \u003cp\u003eApplying Leverage.\u003c\/p\u003e \u003cp\u003eHolding Synthetic Positions.\u003c\/p\u003e \u003cp\u003eTransaction Costs.\u003c\/p\u003e \u003cp\u003eExpected Returns and Reinvestment.\u003c\/p\u003e \u003cp\u003eAdding Portfolio Volatility.\u003c\/p\u003e \u003cp\u003eRandom Scenarios with Monte Carlo.\u003c\/p\u003e \u003cp\u003eMargin Calls.\u003c\/p\u003e \u003cp\u003eSubstituting Futures.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 4 Capturing Index Appreciation with Calls.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntuitive Option Pricing.\u003c\/p\u003e \u003cp\u003eOptions as Potential Liabilities.\u003c\/p\u003e \u003cp\u003eStrike Prices.\u003c\/p\u003e \u003cp\u003eTime and Volatility.\u003c\/p\u003e \u003cp\u003eDividends and Interest Rates.\u003c\/p\u003e \u003cp\u003eFollowing an Option.\u003c\/p\u003e \u003cp\u003eRisk Components of Various Options.\u003c\/p\u003e \u003cp\u003eCapturing Appreciation with Options.\u003c\/p\u003e \u003cp\u003eDaily Cost of Options.\u003c\/p\u003e \u003cp\u003eVolatility Skew.\u003c\/p\u003e \u003cp\u003eUneven Appreciation.\u003c\/p\u003e \u003cp\u003eOption Analysis.\u003c\/p\u003e \u003cp\u003eMarginal Returns—Extending Time or Lowering Strike.\u003c\/p\u003e \u003cp\u003eOut-of-the-Money.\u003c\/p\u003e \u003cp\u003eMonthly Returns of Calls.\u003c\/p\u003e \u003cp\u003eMore about Volatility.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 5 Leveraged Covered Calls with Futures.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCovered Calls as a Source of Income.\u003c\/p\u003e \u003cp\u003ePosition Details.\u003c\/p\u003e \u003cp\u003eExpected Strategy Returns.\u003c\/p\u003e \u003cp\u003eAnnual Return Backtests.\u003c\/p\u003e \u003cp\u003eVIX Modifications.\u003c\/p\u003e \u003cp\u003eAsset Allocation.\u003c\/p\u003e \u003cp\u003eAdditional Analysis.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 6 Rolling LEAPS Call Options Explained.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUnderstanding LEAPS Calls.\u003c\/p\u003e \u003cp\u003eLEAPS—by the Greeks.\u003c\/p\u003e \u003cp\u003eOne Year Later.\u003c\/p\u003e \u003cp\u003eRolling LEAPS Forward.\u003c\/p\u003e \u003cp\u003eRoll Cost Prediction.\u003c\/p\u003e \u003cp\u003eEstimating Average Returns.\u003c\/p\u003e \u003cp\u003eInvesting Cash Flow.\u003c\/p\u003e \u003cp\u003eCapturing Appreciation.\u003c\/p\u003e \u003cp\u003eRolling Up.\u003c\/p\u003e \u003cp\u003eSelecting Indexes and Strike Prices.\u003c\/p\u003e \u003cp\u003eMarket Drops and Volatility Spikes.\u003c\/p\u003e \u003cp\u003eLEAPS Covered Calls.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 7 Long-Term Returns Using Rolled LEAPS.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStrike Price Selection.\u003c\/p\u003e \u003cp\u003eSector Performance: 1999 to 2006.\u003c\/p\u003e \u003cp\u003eSector Portfolio Returns.\u003c\/p\u003e \u003cp\u003eRebalancing.\u003c\/p\u003e \u003cp\u003eHigher Performance Portfolios.\u003c\/p\u003e \u003cp\u003eReinvestment Issues.\u003c\/p\u003e \u003cp\u003eCovered Calls and Mid-Caps.\u003c\/p\u003e \u003cp\u003eCovered Calls with Sectors.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 8 Long and Short Profits with Call Spreads.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUnderstanding Debit Spreads.\u003c\/p\u003e \u003cp\u003eBull Call Spreads.\u003c\/p\u003e \u003cp\u003eCall Spreads and Appreciation.\u003c\/p\u003e \u003cp\u003eSpreads and Skews.\u003c\/p\u003e \u003cp\u003eEarly Exit.\u003c\/p\u003e \u003cp\u003eStaggered Exit.\u003c\/p\u003e \u003cp\u003eDiagonal Call Spreads.\u003c\/p\u003e \u003cp\u003eLong\/Short Portfolios from Diagonals.\u003c\/p\u003e \u003cp\u003eEarly Exit and Theta.\u003c\/p\u003e \u003cp\u003eCalendar Call Spreads.\u003c\/p\u003e \u003cp\u003eLEAPS Calendar Calls and Early Exits.\u003c\/p\u003e \u003cp\u003eCycling Investment Gains.\u003c\/p\u003e \u003cp\u003eReinvestment Strategies.\u003c\/p\u003e \u003cp\u003eConstant Investment and Hybrid.\u003c\/p\u003e \u003cp\u003eIndex Regime Change.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 9 Cycling Earnings Using Spread Positions.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eShort Option Selection.\u003c\/p\u003e \u003cp\u003eLong Option.\u003c\/p\u003e \u003cp\u003eCreating the Diagonal Spread.\u003c\/p\u003e \u003cp\u003eOption Portfolio.\u003c\/p\u003e \u003cp\u003eCycling Fractional and Fixed.\u003c\/p\u003e \u003cp\u003eFaster Reinvestment.\u003c\/p\u003e \u003cp\u003eTransaction and Spread Costs.\u003c\/p\u003e \u003cp\u003eFast Cycling with Calendars.\u003c\/p\u003e \u003cp\u003eSample Run.\u003c\/p\u003e \u003cp\u003eVolatility Modeling.\u003c\/p\u003e \u003cp\u003eWeekly Volatility Simulation.\u003c\/p\u003e \u003cp\u003eWeekly Strategy Returns.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 10 Practical Hedging with Put Spreads.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAbout Put Options.\u003c\/p\u003e \u003cp\u003eSelling Puts versus Covered Calls.\u003c\/p\u003e \u003cp\u003eSeller Risk in Pricing.\u003c\/p\u003e \u003cp\u003eProtecting Portfolios.\u003c\/p\u003e \u003cp\u003ePuts, Futures, and Leverage.\u003c\/p\u003e \u003cp\u003eDiversification and Correlation.\u003c\/p\u003e \u003cp\u003eCollared Portfolios.\u003c\/p\u003e \u003cp\u003eBear Put Spreads and Speed Bumps.\u003c\/p\u003e \u003cp\u003eBull and Calendar Put Spreads.\u003c\/p\u003e \u003cp\u003eCalendar Put Spread.\u003c\/p\u003e \u003cp\u003eDeep-in-the-Money Calendars and Diagonals.\u003c\/p\u003e \u003cp\u003eRolling LEAPS Puts.\u003c\/p\u003e \u003cp\u003eRolling LEAPS Calendar Spread.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 11 LEAPS Puts and Three Ways to Profit.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePortfolio Safety Nets.\u003c\/p\u003e \u003cp\u003eExpected Returns and Hedging Analysis.\u003c\/p\u003e \u003cp\u003eCorrelated Indexes Using SIMTOOLS.\u003c\/p\u003e \u003cp\u003eCorrelated Protected Portfolios.\u003c\/p\u003e \u003cp\u003eLEAPS Calendar Put Spreads.\u003c\/p\u003e \u003cp\u003eLEAPS Calendar Put Portfolios.\u003c\/p\u003e \u003cp\u003eHistorical Performance.\u003c\/p\u003e \u003cp\u003ePut Writing with LEAPS.\u003c\/p\u003e \u003cp\u003eExpected Returns.\u003c\/p\u003e \u003cp\u003eScenarios.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 12 Managing the Leveraged Multistrategy Portfolio.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Question of Alternative Assets.\u003c\/p\u003e \u003cp\u003eThe Solution: Own the Producer.\u003c\/p\u003e \u003cp\u003eProShares ETF Analysis.\u003c\/p\u003e \u003cp\u003eMultiplier Leverage Effect.\u003c\/p\u003e \u003cp\u003eLearning from Failure.\u003c\/p\u003e \u003cp\u003eAsset Management Overview.\u003c\/p\u003e \u003cp\u003eSecurity Selection.\u003c\/p\u003e \u003cp\u003eLong and Short Strategy Combination.\u003c\/p\u003e \u003cp\u003eStrategy Selection.\u003c\/p\u003e \u003cp\u003eMinimum Investment Sizes.\u003c\/p\u003e \u003cp\u003eIndex Exposure.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003eFinal Words.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAPPENDIX List of Index ETFs and Futures.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAbout the Author.\u003c\/p\u003e \u003cp\u003eIndex.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eTRISTAN YATES\u003c\/b\u003e researches and writes about global index investing, leveraged portfolio management, and derivative strategies for many publications, including \u003ci\u003eFutures \u0026amp; Options Trader,\u003c\/i\u003e Seeking Alpha, and Investopedia, and his articles are distributed through Yahoo! Finance, \u003ci\u003eForbes,\u003c\/i\u003e Kiplinger, and MSN Money. An industry expert on leveraged ETFs, his research has been cited in the \u003ci\u003eWall Street Journal.\u003c\/i\u003e\u003c\/p\u003e  \u003cp\u003eIndex funds are among the highest performing and most reliable investments available in the marketplace. Over the past several years, literally hundreds of index-related products have been introduced to the marketplace, most designed to provide investors with the capability to mix and match different funds in order to build custom portfolios. At the same time, leveraged investment products for the retail investor—which use borrowed capital to increase the returns within the structure of a passive investment strategy—are also one of the fastest growing products in the financial world. In \u003ci\u003eEnhanced Indexing Strategies,\u003c\/i\u003e Tristan Yates shows how to successfully combine these products using \u003ci\u003eleveraged indexing\u003c\/i\u003e to deliver better risk-adjusted returns than conventional approaches.\u003c\/p\u003e \u003cp\u003eThe idea behind leveraged investing is simple: if long-term investment returns are predictable, then even higher returns can be generated by borrowing and investing the capital over the long term in an index. Using derivatives such as futures and options, Yates reveals it is possible to not only borrow money to invest at a low rate, but also to implement hedging strategies that help reduce the risk of catastrophic losses. \u003c\/p\u003e\u003cp\u003eUnlike other books on options trading that tell how to profit from short-term market movements, \u003ci\u003eEnhanced Indexing Strategies\u003c\/i\u003e uses options positions to capture long-term pricing trends. Using long calls and call spreads, hedging strategies, and LEAP call options—which have been hailed as an industry innovation due to their ability to maintain leverage while managing risk—Yates shows how to implement specific long-term strategies that can capture appreciation in volatile conditions across many years. \u003c\/p\u003e\u003cp\u003eIn addition to providing six different innovative long-term indexing strategies using futures and options, Yates also offers important advice on managing a leveraged investing portfolio. He covers each critical aspect of portfolio management: selecting indexes and strategies and determining the level of exposure, calculating the expected returns and the possible range of returns, and monitoring the portfolio to ensure that it is performing in accordance to projections. Yates’s final piece of advice to investors is simple: get started. Every day you’re not invested in an index is a missed opportunity for profits. \u003c\/p\u003e\u003cp\u003eSubcribe to our free Finance and Investing eNewsletter at wiley.com\/enewsletters\u003cbr\u003e Visit wileyfinance.com\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989139800293,"sku":"NP9780470259252","price":60.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470259252.jpg?v=1761782959","url":"https:\/\/k12savings.com\/products\/enhanced-indexing-strategies-isbn-9780470259252","provider":"K12savings","version":"1.0","type":"link"}