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BXN 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

  • Crawford, Gregory. "Buy Writing Makes Comeback as Way to Hedge Risk." Pensions & Investments. May 16, 2005.

  • Demby, Elayne Robertson. "Maintaining Speed -- In a Sideways or Falling Market, Writing Covered Call Options Is One Way To Give Your Clients Some Traction." Bloomberg Wealth Manager, February 2005.

  • Ferry, John. "An Array of Options - A Buy-write Strategy Can Add Some Octane to Portfolios When the Markets Lack Direction." Worth Magazine, April 2005, pp. 102 - 104.

  • Frankel, Doris. "Buy-writes Catch on in Sideways U.S. Stock Market." Reuters. Jun 17, 2005.

  • Ibbotson Associates. Case Study on Passive Options-based Investment Strategies (2004).

  • 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. "Covered Calls for the Long Run." The Street.com March 15, 2005.

  • Smith, Steven "More Options on Covered Calls" TheStreet.com., 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.

  • Woolley, Suzanne. "Squeeze Your Portfolio Harder," BusinessWeek, December 27, 2004.





The CBOE NASDAQ-100 BuyWrite Index (BXN) is designed to represent a proposed hypothetical buy-write strategy. Like many passive indexes, the BXN 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 BXN Index should discuss with their brokers possible timing and liquidity issues. Transaction costs and taxes for a buy-write strategy such as the BXN could be significantly higher than transaction costs for a passive strategy of buying-and-holding stocks. Past performance does not guarantee future results. The methodology of the CBOE NASDAQ-100 BuyWrite Index is owned by CBOE may be covered by one or more patents or pending patent applications.

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