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Option Mutual Fund – an option mutual fund is an open ended mutual fund that buys and sells options instead of the traditional securities, either for conservative or aggressive investments... Options give the buyer a choice to buy or sell an asset at any given date, or before the maturity date. An example of a strategy of an option mutual fund is the fund will buy stock and increase the value of the fund through the premium earned by selling its put and call options in its portfolio. This is a very conservative method of an option mutual fund |