Eaton Vance Tax-Advantaged Bond and Option Strategies Fund (the Fund) is a closed-end management investment company. The Fund's investment objective is to provide tax-advantaged current income and gains. The Fund primarily invests in tax-exempt municipal securities, taxable municipal securities, call options, put options and short-term investments. The Fund invests in municipal securities across various sectors, such as bond banks, education, electric utilities, general obligations, hospital, lease revenue or certificates of participation, other revenue, special tax revenue, transportation, and water and sewer. Eaton Vance Management (EVM) is the investment adviser to the Fund. The Fund also invests in Eaton Vance Cash Reserves Fund, LLC, an affiliated investment company managed by EVM.