Structured Solutions Using Options on Futures

Structured investment outcomes have always been a benefit of using options in a portfolio. Using option contracts can create a wide variety of outcomes, with both risk and reward being defined when the position is entered. Options on futures offer the same opportunities to create defined risk/reward outcomes. This paper explores three consistent methods of using end-of-month (EOM) options on E-mini S&P 500 futures (ES) contracts to create unique outcomes.