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BXD Bibliography

  • Blake, Rich. "Investors Are Dusting Off an Old Strategy, Options Overlay; When It Works, It Offers Both Yield Enhancement and Risk Management." Institutional Investor, Sept. 2002, pp. 173 - 174.

  • "Covered Call Strategy Could Have Helped, Study Shows" Pensions & Investments, Sept. 20, 2004, p. 38.

  • Roeder, David. "New Funds Try Options to Boost Stock Income." Chicago Sun-Times. Sunday, October 10, 2004, Page 43A.

  • Schneeweis, Thomas, and Richard Spurgin. "The Benefits of Index Option-Based Strategies for Institutional Portfolios" The Journal of Alternative Investments, Spring 2001, pp. 44 - 52.

  • Schurr, Stephen. "Spoilt for Choice? Time to Explore Your Options." Financial Times. Oct. 11, 2004.

  • Smith, Steven. "More Options on Covered Calls", Oct. 13, 2004.

  • Stux, Ivan, and Peter Fanelli. "Hedged Equities as an Asset Class." Morgan Stanley Research Paper (1990).

  • Tan, Kopin. "Covered Calls Grow in Popularity as Stock Indexes Remain Sluggish." Wall Street Journal, April 12, 2002.

  • Tan, Kopin, "Yield Boost -- Firms Market Covered-call Writing to Up Returns." Barron's. Oct. 25, 2004.

  • Tergesen, Anne. "Taking Cover with Covered Calls." Business Week, May 21, 2001, p. 132.

  • Tsu, Maria. "Writing Covered Calls to Enhance Returns on U.S. Stocks." Goldman Sachs Research Paper (1997).

Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options (ODD). Copies of the ODD are available from your broker, by calling 1-888-OPTIONS, or from The Options Clearing Corporation, One North Wacker Drive, Suite 500, Chicago, Illinois 60606. CBOE® and Chicago Board Options Exchange® are registered trademarks of Chicago Board Options Exchange, Incorporated. The Dow Jones Industrial AverageSM is a product of Dow Jones Indexes, a licensed trademark of CME Group Index Services LLC ("CME"), and has been licensed for use. "Dow Jones", "Dow Jones Industrial AverageSM", "DJIASM" and "Dow Jones Indexes" are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones"), have been licensed to CME and have been sublicensed for use for certain purposes by Chicago Board Options Exchange, Incorporated ("CBOE"). Financial products based on the CBOE DJIA BuyWrite Index are not sponsored, endorsed, sold or promoted by Dow Jones, CME or their respective affiliates and none of them makes any representation regarding the advisability of investing in such product(s). The CBOE DJIA BuyWrite Index may be covered by one or more patents or pending patent applications. Supporting documentation for claims, comparisons, recommendations, statistics or other technical data is available by calling 1-888-OPTIONS, sending an e-mail to, or by visiting This document contains comparisons, assertions, and conclusions regarding the performance of index based on backtesting, i.e., calculations of how the index might have performed in the past if it had existed. Backtested performance information is purely hypothetical and is provided in this document solely for informational purposes. Backtested performance does not represent actual performance, and should not be interpreted as an indication of actual performance. Like many passive indexes, the BXD Index does not take into account significant factors such as transaction costs and taxes and, because of factors such as these, many or most investors should be expected to underperform passive indexes. Investors attempting to replicate the BXD Index should discusswith their brokers possible timing and liquidity issues. Past performance is not indicative of future results. The methodology for the BXD Index is subject to change.

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