Thanks for participating in my search for a new options tagline. Not just for my use, but perhaps for the industry. The purpose of the contest is to find a good phrase that will generate interest in understanding options among individual investors.
The need is real because almost any time that options (or derivatives) are mentioned in the media, the news is always negative.
There were several clever entries. However, I set up this contest to select a practical tagline – one than may be effective if used. On that basis, I've chosen the winning entry (and discovered why advertising execs are so highly paid – this is more difficult that it appears):
"Tried and true portfolio protection is no longer valid. The Prudent Man rule no longer works. It takes far more than asset allocation to protect your holdings. Today's investor, striving to succeed during uncertain times requires more options, and the ideal investment tool is the stock option.
Options represent the modern and perhaps final frontier in investing. Options allow you to enhance your portfolio performance and protect it at the same time. You will no longer lay awake worrying about your investments because options work while you sleep.
Options represent a sane investing approach when you work with an advisor who shuns hype and understands the beauty of options as a risk-reducing investment alternative.
That's the options advantage. Learn to use options today. Order your copy of The Rookie's Guide to Options."
The winning entry was submitted by Josh, and his prize is a one year's subscription to Expiring Monthly: The Option Traders Journal.
There is only one official winner, but I
found a number of useful ideas – ideas that I used above and may be able to incorporate
into future writing. Other top entries (in random order) include:
- Options: The final frontier (Alec)
- Has your portfolio lost its nice figure? Get it back in shape with options; no exercising needed (same Josh)
- Options: They keep working while the market sleeps (Josh again)
- Sane options: Derivative discussion without the hype (rl)
- Enhance and protect (David)
- The Options Advantage (Penny, who is not eligible to win contest)
Additional subscription is awarded to Jeff', whose suggestion to compare option educators to a doctor who provides many benefits to the patient is very clever, but lengthy. Perhaps I can use it in an appropriate place.
"The Options Doctor"
The way we should use options as risk management tools for our
investments is analogous to the role of our doctors, who:
evaluate our current condition
determine risks and benefits of alternative actions
provide a recommended approach
- identify the risks of not following a particular course of action.
Generally speaking, doctors are highly respected as advisors on our
health matters. Likewise, options should be respected as viable risk
management tools for our investments.
Thanks to everyone who entered.