C.J. Lawrence Files ETF Pairing “Bulldog” Stocks With a Collar

The Buffered Bulldog ETF by C.J. Lawrence, a division of Apollon (ACJL) combines a concentrated portfolio of roughly 30–50 “Bulldog” stocks with an S&P 500 options hedge. The strategy targets companies valued above $5 billion with competitive advantages, pricing power, strong balance sheets and growth potential. A FLEX-options collar on SPY seeks to protect against roughly 15% of market losses after an initial 5% decline, using a 95%/80% put spread. Selling calls near 105% helps finance that protection but limits participation in market gains. The non-diversified fund will continuously manage and periodically rebalance its equity and options positions.