AdvisorShares is currently prepping to launch an alternative income exchange-traded fund in early 2013.

According to a Securities and Exchange Commission filing, the AdvisorShares Recon Capital Alternative Income ETF (PUTS), will sell put options on equities in each of the ten sectors of the S&P 500 Index. The put options generally will consist of at-the-money puts on large-cap and mega-cap securities.

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