Index Dashboard

CLL
 Cboe S&P 500 95-110 Collar Index
Last Sale

782.38

Change

0.0 (0.0%)

Open

0.0

High

0.0

Low

0.0

Prev Close

782.38

Cboe S&P 500 95-110 Collar Index
  • Overview
  • Performance
     

Cboe S&P 500 95-110 Collar Index (CLL)

The Cboe S&P 500 95-10 Collar IndexSM (CLL) is based on a collar strategy. An option collar spread is designed to reduce the cost of hedging negative stock returns.  The CLL tracks the value of a portfolio that protects an investment in S&P 500 stocks with  a long  5 % out-of-the money put option on the S&P 500 (SPX put). The premium of the put is partly defrayed by  the premium collected on  a short position in a 10% out-of-the-money SPX  call option (SPX call).  

The CLL Index  portfolio is rebalanced monthly after  the expiration of SPX call and put, typically 11 am ET every  third Friday. New SPX put and call options are then bought and sold respectively.


Links

  
    
Critical Periods
    
The performance quoted represents past performance and does not guarantee future results.