Lyons Enhanced Yield Strategy

Strategy Summary

A tax-smart income solution that targets high current income through portfolio margin with a measure of downside protection. The Lyons Enhanced Yield Strategy is designed to provide a high level of current income, independent of market direction, that is measurable and consistent for investors. The payment produced has better tax efficiency than bond income, and capital appreciation is considered a secondary objective.

The portfolio is levered, holds individual dividend-paying stocks, and risk is controlled through options strategies to hedge against downside volatility. The plan targets an above-average net yield and is fully liquid with no capital call obligations.

Strategy Terms

Strategy Assets $140 Million
Fund Structure SMA
Minimum Investment $250,000
Key Objectives
  • Delivering consistent, reliable cash flow
  • Each position is fully hedged to control downside exposure.
  • Fully liquid
  • No lockup period, no capital calls

Enhanced Yield Strategy


When you invest your wealth through a brokerage or advisory firm, there are plenty of investment strategies to choose from. A professional finance expert can provide you many options for investment products and strategies that most people aren't familiar with.

One such strategy is Yield Enhancement Strategy, also known as ‘YES' strategy. This is a form of investment wherein a broker sells calls or put options in order to enhance returns in flat or relatively stable markets. While the Yield Enhancement Strategy or YES strategy is often touted as a stable or safe option for investors that seek consistent returns, the truth is that the investment products bought under the YES strategy are often risky and complex. Unforeseen circumstances may lead to substantial losses. 

As an investor, it's vital that you understand what exactly you're getting into before you pursue a YES strategy. While there are attractive benefits to a Yield Enhancement Strategy, there are also possible risks. A good finance advisor helps you understand how exactly the YES strategy works for you to determine if it's suitable for your personal goals and risk tolerance. 

What Is Yield Enhancement Strategy?

Yield Enhancement Strategy or YES strategy is a conservative options trading strategy. Its goal is to generate investors additional returns through options trading and other derivative strategies. This strategy aims to take advantage of market inefficiencies and opportunities to help investors maximize their investment returns and preserve any underlying asset.

How Yield Enhancement Strategy Works

How does it work? The broker orchestrates the selection of stocks they believe are undervalued or have the potential to help the investor generate steady income. The firm then sells options on those stocks, sacrificing some of the potential upsides. In return, the investor would generate steady income from the premiums received from selling the options. 

The goal of the Yield Enhancement Strategy is to provide investors an additional stream of income, while diversifying their wealth portfolios. By using different derivatives strategies, the brokerage aims to generate returns that may not be available through traditional investment vehicles. 

In general, the YES strategy can be a powerful took for investors who want to maximize their investment returns. However, you should work with a financial advisor to determine whether this strategy suits your personal goals and risk tolerance. 

What Is Collateral Yield Enhancement Strategy?

Collateral Yield Enhancement Strategy, or CYES, is an overlay strategy that aims to deliver incremental returns with low correlation to traditional asset classes and minimal opportunity cost. With this investment strategy, an investor would have non-directional exposure expressed by selling index call and put spreads. 

Simultaneously, investors would have defined maximum loss potential and a relatively conservative position risk. The investment strategy involves targeting additional yields without impacting one's existing portfolio investments.

The Risks Associated With Yield Enhancement Management Strategy

It's vital to understand that the YES strategy may be conservative, but it is not total risk-free. There are possible risks and setbacks in options use, like the potential for losses if the stocks chosen decline in value or if the options expire worthless. Moreover, options trading can be difficult and may not be ideal for all types of investors. 

A. Potential For Losses

The YES strategy involves using various derivatives strategies, which may include options trading, to make extra income from existing portfolio holdings. 

These call enhancement strategies may expose investors to potential losses if the chosen stocks decline in value or if the options expire worthless. It's vital that investors understand that there are risks involved in these strategies before allocating their wealth to this investment vehicle. 

  1. Derivatives Strategies can be complex and may involve significant risk. Options trading, can be difficult to understand and manage effectively. If the market moves against an investor's position, the value of their investment may decline rapidly, potentially resulting in huge amount of lost money.
  2. Understanding the risks Involved before investing in a yield enhancement management strategy is crucial as with any other investment vehicle. Investors should carefully review the strategy's prospectus and seek the advice of a financial advisor to ensure that the strategy is appropriate for their investment goals and risk tolerance.

B. Suitability For Investors

The yield enhancement management strategy is a complex investment approach that may not be ideal for all types of investors. Inexperienced investors or those with a low-risk tolerance may find this strategy too risky or difficult to understand.

  1. The YES strategy can be very complex as it involves multiple derivatives strategies and market instruments. Investors may need a deeper understanding of investment to manage this type of strategy effectively.
  2. Investors must consider what they're willing to risk in comparison to their personal goals before investing in a yield enhancement management strategy. This approach has the potential to generate additional income, but it may not be the best option for investors seeking high returns or those who prioritize capital preservation over income generation.

C. Regulatory Changes And Restrictions

The Yield Enhancement Strategy is vulnerable to regulatory changes or restriction that may impact its performance and lead to potential losses for investors. 

  1. Regulatory changes or restrictions can possibly impact the performance of your investments if you're involved in the YES strategy. This may potentially lead to lower returns or even losses for investors. 
  2. If restrictions or regulatory changes result to investors incurring losses, it's important for investors to work with a financial advisor to mitigate these losses. 

D. Opportunity Cost

As with any other investment vehicle, there are some opportunity costs when you're involved in yield enhancement strategies. 

  1. When you focus on generating additional income through a YES strategy, you stand to miss potential gains from other investment vehicles that may offer higher returns. 
  2. It's vital that you balance income generation with your personal investment goals. This ensures that your investment portfolio is diversified and aligned with your personal objectives.

Is Yield Enhancement Strategy Ideal For Early Investors?

Yield Enhancement Strategy or YES strategy may not be the ideal investment vehicle for early investors, especially for those with little or limited knowledge of investments in general.

This particular strategy involves the utilization of various derivatives strategies selling options, such as options trading. These tactics may be too complex, and can potentially expose many investors to possible investment losses. 

Moreover, a YES strategy may not be the best option for investors that prioritize capital preservation over income generation or those who are looking for high returns at low yields. Investors who are starting to build their investment portfolios usually focus on traditional, lower-risk investments to help them grow their wealth over time. 

Thus, Yield Enhancement Strategy can be an effective way for seasoned investors to make extra income and diversity their portfolios. It's vital for investors to confer and work with a financial advisor to determine if this strategy is ideal for their investment goals and risk tolerance. 

The financial advisor can help evaluate the potential risks and rewards of the investor holds own strategy and make a recommendation based on the investor's specific situation. You would also need to confer with an investment fraud attorney to understand the legal repercussions of this investment vehicle.

Get Started With Lyons Wealth Enhanced Yield Strategy Today

At Lyons Wealth Management, we understand the importance of making informed investment decisions. Our Enhanced Yield Strategy is designed to help investors generate additional income from their existing portfolio holdings while managing risk through options trading strategies.

If you're interested in learning more about how the Lyons Wealth Enhanced Yield Strategy to help you achieve your investment goals, we invite you to contact us today to speak with one of our experienced financial advisors.

Let us help you navigate the complexities of the market and manage market volatility so we can create a customized investment strategy or plan that aligns with your unique needs and risk tolerance. Don't wait to start maximizing your investment returns – contact Lyons Wealth Management today to get started.

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