Strategies

Concentrated Stock Services

Custom Overlays for Legacy Equity Positions

At Liquid Strategies, we seek to help clients preserve, enhance, and unlock the full potential of concentrated stock positions. Whether you are seeking supplemental income, risk mitigation, or a structured path toward diversification, our custom options-based overlays are designed with your goals and constraints in mind.

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Tailored for High Net Worth Portfolios

Our Concentrated Stock Services are crafted for investors with $5M+ in individual stock or ETF positions who:

Rely on core equity holdings for income
Prefer to defer capital gains taxes
Seek downside protection without sacrificing upside
Need a flexible yet disciplined framework for gradual diversification

Why Choose Liquid Strategies?

Rules-Based, Real-Time Management

Since 2013, we have actively managed option overlays using transparent, rules-based protocols designed to capture premium income and manage directional risk. Strategies are monitored daily with the ability to adjust exposure dynamically based on changing market conditions.

Tax-Aware Structuring

We understand the implications of low-basis positions. Our overlays are built to respect tax sensitivities while pursuing risk-adjusted outcomes.

Liquidity & Control

You retain full ownership of the underlying security. Portfolios remain fully liquid with no lockups or pooled structures—everything is implemented in separately managed accounts (SMAs) at your existing custodian: Charles Schwab, Fidelity, or Interactive Brokers.

Customization at Scale

Each overlay is structured with you in mind—no templates. Whether you need downside protection, income, or a combination, we shape each program to meet your objectives.

Sample Strategy: Costless Collar Overlay

Objective

Provide downside protection while capping a portion of upside to generate sufficient premium income to fund the hedge.

Structure

  • Purchase protective puts ~10% below current market value to establish a downside floor
  • Sell covered calls ~10% above market value to generate income to fund protective puts
  • Strike levels and expirations are customized based on volatility, tax sensitivity, and investment horizon
  • Strategy is reviewed and adjusted regularly to reflect changing market dynamics

Your Equity. Your Terms. Our Management.

Work with a team that has over 30 years of options experience and a proven track record of innovation in overlay management. From complex scenarios to legacy position planning, Liquid Strategies provides a disciplined framework that brings clarity and control to concentrated holdings.

Liquid Strategies, LLC. is a Registered Investment Adviser. SEC registration does not constitute an endorsement of the firm by the Commission, nor does it indicate that the advisor has attained a particular level of skill or ability. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy. This website and information are not intended to provide investment, tax, or legal advice.

This website is solely for informational purposes and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.

Options are not suitable for all investors. There are risks involved in any option transaction or strategy. A decision as to whether, when and how to use options involves the exercise of skill and judgement and even a well-conceived option transaction may be unsuccessful because of market behavior or unexpected events. The prices of options can be highly volatile, and the use of options can lower total returns. Individuals should not enter options transaction until they have read and understand the options disclosure document, “Characteristics and Risks of Standardized Options”, which outlines the purposes and risks of options transactions. You can download this document at https://www.theocc.com/company-information/documents-and-archives/options-disclosure-document

Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital.