In the third part of our Summer School 2025 we will review one of the most powerful and misunderstood tools in modern portfolio management – namely options! This part aims to give both curious beginners and experienced investors a clear, concrete and useful introduction to what options are, why they play a central role in risk management, and how they can be used strategically to create more efficient savings.

We also explain how we Crescit uses options as an integral part of our investment process – not as high-risk bets but as key tools for better balance between risk and return. We use three core principles: protection through put options in the event of market turmoil, income enhancement through the sale of call options, and capital efficiency through smart allocation. Together, these principles allow us to offer our clients improved risk-adjusted returns over time.