Shelton Capital Management Responds To Increased Demand By Expanding Options Team
Shelton Capital Management announced the addition of Nick Griebenow to its investment management team focused on Option Overlay Strategies. Mr. Griebenow, formerly a Senior Derivatives Trader at Charles Schwab & Co., has extensive experience with options, most recently supporting sophisticated account holders with complex portfolios.
Demand for Separately Managed Account (SMA) strategies that seeks to reduce portfolio volatility or enhance income using option strategies has spiked due to the return of market volatility and a continued appetite for income solutions. The Shelton Equity Income Strategy seeks to build a portfolio of carefully selected U.S. stocks and writes (sells) covered calls on those positions to reduce overall volatility while adding incremental income.
“Mr. Griebenow is an ideal fit for Shelton Capital Management as we build on the nearly 10-year track record to meet investor demand for a smart way to generate incremental income and reduce total portfolio volatility,” said Barry Martin, the lead Portfolio Manager. “We have assembled a very capable team which will keep us well-positioned to meet the needs of our institutional and private clients.”
Rounding out the Options Team is Jason Goldenberg, Investment Operations Analyst. Mr. Goldenberg has been working with Mr. Martin since early 2017. Both Goldenberg and Griebenow are based in the Denver office while Martin is based in San Francisco.
Shelton Capital Management, which offers a broad range of investment strategies in both mutual funds and in separately managed accounts to institutional and private clients, has more than doubled assets under management since moving to Denver in 2014 and is now one of Colorado’s largest private asset managers.
About Shelton Capital Management
Shelton Capital Management is a multi-strategy asset manager that delivers sophisticated investment solutions. Founded in 1985, Shelton Capital Management has maintained consistent investment principles and a steadfast focus on authentic customer service. With offices in San Francisco, Denver and Greenwich, CT, Shelton Capital Management manages over $2 billion of assets as of 4/26/18. For additional information, please call (800) 955-9988.
Shelton Equity Income is a discretionary call writing investment service of Shelton Capital Management.
Option trading is not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options. Copies of this document may be obtained from your Investment Advisor, from any exchange on which options are traded or by contacting The Options Clearing Corporation, One North Wacker Dr., Suite 500, Chicago, IL 60606 (1-800-678-4667).
The upside potential of fully written call option positions is limited to the strike plus the premium received. Unless the position is closed, the client relinquishes any upside potential above the call strike price. The downside protection afforded by call writing is limited to the amount of the premium received. If the stock held by the client declines significantly, the only protection will be the premium received.
Clients subscribing to the Shelton Equity Income Portfolio service should be willing to sell all of the stock at the Strike Price. The Strike Price is the price at which a specific option contract can be exercised. The sale of stock will produce tax consequences for U.S. taxpayers. Each option transaction also produces a tax consequence. Prior to investing in a Shelton Equity Income strategy, you should discuss with your tax advisor how the option transactions and any sales of underlying stock will affect your tax situation. Shelton Capital Management does not provide tax advice.