Monday marked the launch of 5 Strategy Benchmark Indexes based on the Russell 2000 Index. Created by the Chicago Board Options Exchange, these options based strategies have been used previously as risk management and yield-enhancing tools.
CBOE Russell 2000 PutWrite Index (PUTR)
The CBOE Russell 2000 PutWrite Index is designed to track the performance of a hypothetical strategy that sells a monthly at-the-money (ATM) Russell 2000 Index put option. The written Russell 2000 put option is collateralized[...]