Portfolio Optimization Model with and without Options under Additional Constraints

Table 1

Companies and their monthly returns for 2016–2018.

Company	Return	Company	Return
The Bank of New York Mellon Corporation	0.0113	Pfizer inc	0.0089
Electronic Arts Inc.	0.0146	Philip Morris International inc	−0.0071
General Dynamics Corporation	0.0074	Qualcomm Incorporated	0.0133
Mylan N.V	−0.0064	Regeneron Pharmaceuticals Inc.	−0.0074
Newmont Corporation	0.0227	Raytheon Technologies Corporation	0.0079
Truist Financial Corporation	0.0101	AT&T Inc.	0.0003
Ulta Beauty Inc.	0.0099	T-Mobile US Inc.	0.0177
Dentsply Sirona Inc.	−0.0103	United Parcel Service Inc.	0.0044
Booking Holdings inc.	0.0137	Verizon Communications Inc.	0.0084
BlackRock Inc.	0.0116	Wells Fargo and Company	0.0026
Bristol Myers Squibb company	−0.0012	Exxon Mobil Corporation	−0.0007
Berkshire Hathaway Inc.	0.0167	Apache Corporation	−0.0034
Citigroup Inc.	0.0090	Comerica Incorporated	0.0224
Colgate-Palmolive Company	−0.0015	Hanesbrands Inc.	−0.0121
Comcast Corporation	0.0121	Zions Bancorporation, National Association	0.0217
Virgin Galactic Holdings Inc.	−0.0051	People’s United Financial Inc.	0.0027
Chevron Corporation	0.0108	National Oilwell Varco Inc.	0.0007
Dominion Energy Inc.	0.0032	Marathon Oil Corporation	0.0162
The Walt Disney Company	0.0056	Devon Energy Corporation	0.0008
Duke Energy Corporation	0.0046	Virgin Galactic Holdings Inc.	0.0085
Gilead Sciences Inc.	−0.0053	Invesco Ltd.	−0.0090
The Goldman Sachs Group Inc.	0.0093	Unum Group	0.0116
International Business Machines Corporation	−0.0003	SL Green Realty Corp.	−0.0064
Johnson and Johnson	0.0063	Virgin Galactic Holdings Inc.	0.0139
The Coca-Cola company	0.0018	Discovery Inc.	0.0064
Mondelez International Inc.	−0.0004	Ralph Lauren Corporation	0.0102
Altria Group, inc	−0.0053	The Gap Inc.	0.0051
Morgan Stanley	0.0169	TechnipFMC plc.	−0.0023
Oracle Corporation	0.0140