PT - JOURNAL ARTICLE AU - Michael D. Cohn TI - Using Options as a Risk Management Tool, Protecting Assets, and Increasing Investment Income AID - 10.3905/jwm.2005.571007 DP - 2005 Jul 31 TA - The Journal of Wealth Management PG - 36--41 VI - 8 IP - 2 4099 - https://pm-research.com/content/8/2/36.short 4100 - https://pm-research.com/content/8/2/36.full AB - This article starts with a summary of options theory to set the basis for the balance of a discussion which relates to the uses to which one can put these options to work as an important risk management tool. The author then proceeds to describe three different strategies that can be designed to enhance the income earned on a portfolio, manage downside risk, or deal with concentration risk. He finally describes a strategy that might allow the investor to manage both downside and concentration risk, in an original manner.