I am a financial advisor.  Many of my clients should be selling call
options against their blue chip stocks, but I can't convince them. 
Our internal brochures do not explain this topic very well.
 
Where could I find academic studies, or other convincing (third-party)
marketing materials so my clients can see these option strategies 
really work? 
 
The link below is exactly what I am looking for...if I could find two
or three more like it, that would be perfect.
 
http://www.commerce.otago.ac.nz/finc/seminars/Papers2002/practice_Jan2002.pdf


 
I could then put together my own sales brochure with the thesis,
"Here's Objective Proof From A Third Party That This Strategy
Works...Not Just Me Trying To Get Your Business."
 
Thanks.  Any help will be greatly appreciated.

Hi nronronronro:

After considerable searching, I was able to find the following
supporting information for you. I chose the following four documents
because I thought that they (in conjunction with the one you already
have) will enable you to create a convincing brochure. There are many
useful figures and tables included in these document.

Please let me know whether they fit your needs. If they do not, please
let me know what about them is not right and I will try again for you.


1. An Empirical Test of Risk-Adjusted Performance Utilising Call
Option Writing and Put Option Buying Hedge-Strategies

Authors: Michael Adam and Raimond Maurer, University of Mannheim

URL: http://www.actuaries.org/members/en/AFIR/colloquia/Tokyo/Adam_Maurer.pdf

Quote: "The objective of this paper was to study the
risk-return-profile of several popular option-based hedge-strategies
of stock portfolios on the basis of a historical simulation. To
quantify the risk, we used shortfall risk measures in addition to the
standard deviation as the traditional risk measure. We demonstrated
that the put hedge as well as the covered short call strategies
enabled a risk-reduction compared to the unprotected stock investment.
But in general, the risk-reduction was won at lower returns."


2. Boosting Returns with Call Options

Author: Guy Bower, guybower.com

URL: http://www.guybower.com/download/Boosting%20returns%20with%20call%20options.pdf

Quote: "Covered call writing can be a useful tool for boosting the
returns on your portfolio as long as your approach remains
conservative. Selecting your strike and timing of the trade takes some
consideration. Just remember, the slow and steady approach will win
out in the long run."


3. Reducing Volatility: A Covered Call Solution

Author: Blueprint 

URL: http://www.888options.com/store/bp_summmer_2000.pdf

Quote: "A broadly diversified portfolio should be considered. In any
given
market, a particular sector may advance or decline rapidly. Using a
broadly diversified covered call portfolio makes returns and
volatility reduction more predictable."


4. Valuation of Options: Theory

Authors: Richard de Neufville, Joel Clark, and Frank R. Field, M.I.T.

URL: http://msl1.mit.edu/mib/dsp/curricula.mit.edu/~dsplan/Docs/Sessions/S69/s69.pdf

Details: Some interesting, and perhaps useful diagrams about call
options.


Thanks. Please ask for clarification, if necessary. 

websearcher-ga


Search Strategy:

study "call options" filetype:pdf
://www.google.com/search?hl=en&lr=&ie=ISO-8859-1&safe=off&as_qdr=all&q=study+%22call+options%22+filetype%3Apdf

"call Options" advantages -farm site:.edu
://www.google.com/search?hl=en&lr=&ie=ISO-8859-1&safe=off&as_qdr=all&q=%22call+Options%22+advantages+-farm+site%3A.edu

"option trading" puts calls study site:.edu
://www.google.com/search?hl=en&lr=&ie=ISO-8859-1&safe=off&as_qdr=all&q=%22option+trading%22+puts+calls+study+site%3A.edu

Exactly what I needed!
Thank you very much.