Shawn Gibson, Co-founder and CIO of Liquid Strategies, and Eric McArdle, Co-founder and CEO, discuss the fascinating world of option-based strategies. They unpack the rapid rise of options in ETFs, highlighting the pitfalls of covered calls and the importance of risk management. The duo explores how to properly utilize overlays for income and protection, emphasizing the complexities of high-yield products. They also delve into innovative techniques like put spreads and interval funds, offering insights on balancing risk and enhancing portfolio performance.