Options Veterans Forge New Path With Tried-And-True Strategy

John Lothian

John Lothian

Executive Chairman and CEO

As its name suggests, Options Solutions is an options-centric asset-management firm, launched amid the heart of the COVID-19 pandemic, that aims to increase the returns of investors’ portfolios with customized options strategies.

JLN’s John Lothian and Suzanne Cosgrove recently interviewed the founders of the new enterprise, described by CEO Michael Brodsky as an early-stage, high-growth company. Team members are led by former CBOE Chairman and CEO Bill Brodsky, as well as Michael, his son, and options industry strategist Steve Sears.

Bill Brodsky said he was “Customer No. 1” for Options Solutions, serving as a guinea pig by allowing them to use his portfolio to test its foundational premise. Because Brodsky retired from Cboe Global Markets, Inc. and was free to sell some of his accumulated shares, he started to sell covered calls against the positions for additional income, a strategy he had long used.

He said he could not find anyone who would manage this strategy for him on a regular basis, so he recruited his son Michael and Sears to join him in setting up a firm that would do just that. They later branched out, offering their services to other individual investors.

The company is taking a common institutional strategy “and democratizing it for everyone else,” Sears said.

Besides the Brodskys and Sears, the firm also has Cboe’s former head of research, Bill Speth, as its chief research officer, and Michael Oyster, former managing principal at Fund Evaluation Group LLC, as its chief investment officer.

 

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