ISEE vs. Dow Jones Industrial Average - 2008 in Review (PDF)
Past analyses of ISEE values vs. market indices (DJIA and S&P 500) seemed to suggest that clusters of consecutive ISEE highs or lows may appear to signal changes in market direction, and usually the direction of the turn was contrarian to investor sentiment.

Options Based Portfolio Management Strategies - An Idea Whose Time Has Arrived (PDF)
West Chester Capital Advisors has released a paper written by the firm's Chief Investment Officer & Principal, Thomas F. McKeon, CFA. The white paper discusses several options strategies which can be used as tools to manage portfolio risk and augment income within asset allocation and portfolio construct. Mr. McKeon states: "Investors of all stripes should be willing to consider OBPMS. The return and risk data is compelling. More return with less risk is the holy grail...... " (May 2009)

Click to view more White Papers and Research Articles

Collaring the Cube: Protection Options for a NASDAQ 100 ETF Portfolio (PDF) 
A study by Szado and Kazemi of the University of Massachusetts evaluated nine years of data on the Powershares QQQ exchange traded fund and found that a protective collar strategy using a six month put purchase and consecutive one month call writes provided far superior returns compared with buying and holding the NASDAQ-100 Index® ETF with about one-third of the index volatility. Over the 108 month study period, this collar strategy returned more than 150% cumulatively, while the cube portfolio lost over 12%.

You can also view the six page summary (PDF) of the paper which also provides a collar tutorial on the back pages.

• Customer Portfolio Margin Overview
• Taxes & Investing Pamphlet (PDF)