Library
About Arin Risk Advisors
Arin Risk Advisors Firm Overview (PDF)
Form ADV Part 3 CRS (PDF)
Form ADV Part 2A Brochure (PDF)
BoxRefi.
SPX box spread suitability and collateral review framework for registered advisers. Built by Arin.
Options
Covered Call Options
Cash Secured Put Options
Other Interesting Options Programs
Characteristics and Risks of Standardized Options and Supplements (PDF)
A Guide to Investing with Options
Options Glossary (The Options Industry Council)
Options Calculator (International Securities Exchange, LLC)
Collar Calculator (International Securities Exchange, LLC)
Covered Call Calculator (International Securities Exchange, LLC)
Strategies & Solutions
What types of strategies does Arin offer?
Arin offers a range of options-based and volatility-oriented solutions, including yield enhancement strategies, covered call overlays, hedging structures, concentrated stock monetization, volatility management, securities-based lending alternatives, Enterprise Risk Management, and opportunistic derivatives trading. Every strategy is evaluated for suitability based on the client’s objectives, risk profile, and portfolio structure.
What is Yield Hawk Strategy?
Yield Hawk is Arin’s actively managed alternative to traditional securities-based lending. It uses exchange-traded options structures to provide liquidity, may provide financing efficiency that compares favorably to standard margin borrowing, with pricing set by the listed options market.
What is Enterprise Risk Management (ERM)?
ERM is a firm-level risk management solution designed for advisory firms, family offices, and fiduciary organizations. The strategy is built to help firms manage exposure to adverse market conditions and elevated volatility.
Does Arin only work with options?
Options and volatility strategies are central to Arin’s approach, but implementations may also involve equities, ETFs, synthetic exposures, and other derivatives-based structures depending on portfolio objectives.
Are Arin's strategies standardized?
No, and that’s intentional. Arin’s strategies are built around each client’s specific portfolio, risk tolerance, objectives, and liquidity needs. There is no one-size-fits-all approach here.
Implementation & Operations
Where are trades executed?
Trades are generally executed through the client’s existing custodian or brokerage relationship, depending on the structure and implementation requirements.
Does Arin manage implementation and monitoring?
Yes. Arin provides ongoing implementation support, monitoring, execution oversight, and strategy management for approved mandates.
Can Arin work alongside an existing advisor?
Yes. Arin frequently works in partnership with RIAs, wealth managers, and other fiduciaries as a specialized overlay or derivatives manager. Many advisors engage Arin specifically as their derivatives specialist, adding a layer of expertise without disrupting existing client relationships.
Does Arin provide customized overlays?
Yes. Overlay strategies are built around each client’s portfolio objectives, concentration risk, income targets, downside thresholds, and other specific considerations.
Are strategies actively managed?
Certain strategies are actively managed and may be adjusted based on market conditions, volatility levels, portfolio changes, or risk objectives.
Risk, Suitability & Compliance
Are options strategies risky?
Like any investment approach, options and derivatives involve risk. Depending on the strategy, that may include market risk, liquidity risk, volatility risk, or potential loss of principal. Arin evaluates suitability carefully before recommending any structure and will always be transparent about the tradeoffs involved.
Can Arin guarantee returns or downside protection?
No. No investment strategy can guarantee performance or fully eliminate risk. What Arin can offer is a disciplined, transparent approach to managing risk, designed around each client’s specific objectives.
Who determines whether a strategy is appropriate?
Suitability is evaluated based on client objectives, risk tolerance, financial circumstances, investment experience, operational considerations, and regulatory requirements.
Does Arin provide tax or legal advice?
No. Arin does not provide tax or legal advice. Clients should consult their own tax and legal professionals regarding the implications of any strategy or transaction.
Where can I access regulatory disclosures?
Additional disclosures, including Form ADV materials and regulatory documents, are available in the Resources section of the website.
Box Spreads & Structured Liquidity
What is a box spread?
A box spread is a defined options structure that combines a call spread and a put spread at the same strikes and expiration. When executed as a single package, it creates a known payoff at expiration and can be used to generate liquidity today in exchange for a fixed future obligation.
How is this different from a margin loan or securities-based lending?
Traditional lending tools are priced by a lender and may vary over time. A box spread is executed in the listed options market, where pricing reflects prevailing market conditions — meaning borrowing costs are determined by market dynamics rather than negotiated lending terms.
What determines the borrowing cost?
The borrowing cost is implied in the structure at the time the trade is executed. It reflects interest rates, market liquidity, and options pricing conditions. Once established, the amount owed at expiration is fixed.
Is the outcome guaranteed?
The payoff structure is defined at expiration if the position is held to maturity and executed as intended. That said, outcomes depend on proper implementation, account structure, and ongoing collateral management.
What are the main risks?
The primary risk is asset-liability mismatch. While the obligation is fixed, the supporting portfolio is subject to market movements. If asset values decline, additional collateral may be required or positions may need to be adjusted.
Who is this appropriate for?
These strategies are typically used by advisors, institutions, and sophisticated investors who understand options and require structured liquidity solutions within a broader portfolio framework.
What type of account is required?
Implementation requires options approval and margin-enabled accounts. Portfolio margin is often preferred due to its risk-based framework, though requirements vary by custodian.
How quickly can liquidity be accessed?
Once accounts are properly approved and configured, liquidity can typically be accessed as part of the trade execution process. Timing depends on account readiness and market conditions.
Can the position be adjusted or closed early?
Yes. Positions can be closed prior to expiration by executing the offsetting structure in the market. The cost of closing reflects current market conditions and the remaining time to expiration.
How is this monitored over time?
Ongoing monitoring focuses on collateral levels, market conditions, and alignment between the portfolio and the fixed obligation. Advisors remain responsible for managing cash movements and overall portfolio exposure.
Does Arin act as a lender?
No. Arin does not lend capital. Transactions are executed in the listed options market and all assets remain with the client’s custodian.
What role does Arin play?
Arin designs and implements the strategy, working alongside advisors and clients to structure, execute, and monitor the position within the portfolio.









