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CLLZ
 Cboe S&P 500 Zero-Cost Put Spread Collar Index
Last Sale

924.00

Change

-4.75 (-0.51%)

Open

926.89

High

926.92

Low

922.17

Prev Close

928.75

Cboe S&P 500 Zero-Cost Put Spread Collar Index
  • Overview
  • Performance
     

Cboe S&P 500 Zero-Cost Put Spread Collar Index (CLLZ)

The Cboe S&P 500 Zero-Cost Put Spread Collar IndexSM (CLLZ) is a variation of the Cboe S&P 500 Collar Index (CLL) that hedges negative S&P 500® stock returns more selectively than the CLL  at zero upfront-cost. First, the long 5% SPX put in the CLL is replaced by  a less protective   2.5% - 5% put spread with a lower premium, Second an SPX call is sold with a strike such that the call premium offsets the cost of the put spread. 

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


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