Advisor Resources

With the Options Institute, you have the leading options exchange in the U.S. on your side. Check out some of the resources available to you:

• Advisor eNews - Discover the latest in technology and resources at CBOE, and learn the benefits to you and your customers.
  
  
• Custom Options Strategy Sheets - Order your custom options strategy sheets with your company logo. Call Laura Johnson at the Options Institute at 1-877-THE-CBOE, Option 2.
  
  
• The Options Toolbox - An interactive educational program designed to enhance investors' knowledge of options. This tutorial contains educational sessions and tools, including an options calculator.
  
  
• CBOE Bookstore - Visit the CBOE Bookstore in order to access a special collection of books, audio/video tapes and DVDs, all specifically targeted to the financial professional and individual investor.
  
  

• Taxes & Portfolio Management - Some of the many ways in which a very flexible investment tool -- listed options -- can help high-net-worth investors pursue their financial goals.
  
  

• IRA and Options Brochure (pdf format)
  
  

• 2004 World Wealth Report (pdf format) - Read this study on the global high-net-worth market by Capgemini and Merrill Lynch.
  
  

• New Study on the CBOE BXM Index (pdf format)- In 2006 Callan Associates, an investment services consulting firm, published a new study on the CBOE S&P 500 BuyWrite Index, with an analysis of performance from June 1988 through August 2006. The new Callan Associates study had several key findings, including:
  
  
  • BXM generated superior risk-adjusted returns over the last 18 years, generating a return comparable to that of the S&P 500 with approximately two-thirds of the risk. (The compound annual return of the BXM was 11.77% compared to 11.67% for the S&P 500, and BXM returns were generated with a standard deviation of 9.29%, two-thirds of the 13.89% volatility of the S&P 500.)
    
    
  • The risk-adjusted performance, as measured by the monthly Stutzer Index over the 18-year period, was 0.20 for the BXM vs. 0.15 for the S&P 500. A comparison using the monthly Sharpe Ratio yielded similar results (0.22 vs. 0.16, respectively), confirming the relative efficiency of the BXM over the 219-month study period.
    
    
  • The BXM underperformed the S&P 500 during most rising equity markets and consistently outperformed the S&P 500 in all periods of declining equity markets, demonstrating the return cushion provided by income from writing the calls.
    
    
  • The BXM generates a return pattern different from that of the S&P 500, offering a source of potential diversification. The addition of the BXM to a diversified investor portfolio would have generated significant improvement in risk-adjusted performance over the past 18 years.