Options on Russell index products can serve as powerful and flexible risk management tools.
The CBOE offers options on 24 products based on Russell indexes; please click on these links for more information:
Index Options Contract Specifications
Russell 2000 Index Options Microwebsite
For more information on how to use these risk management products, please click on the links below, and visit www.cboe.com/index and /LearnCenter/.
Cash-settled Index Options
Index Name - (Click on Index Name to See the Contract Specifications)
RUT - Russell 2000® Index
RVX - CBOE Russell 2000® Volatility Indexsm Options Index
RMN - Mini-Russell 2000® Index Options
Options on Exchange-Traded Funds
IWB - iShares Russell 1000® Index Fund
IWD - iShares Russell 1000® Value Index Fund
IWF - iShares Russell 1000® Growth Index Fund
IWM - iShares Russell 2000® Index Fund
IWN - iShares Russell 2000® Value Index Fund
IWO - iShares Russell 2000® Growth Index Fund
IWP - iShares Russell Midcap® Growth Index Fund
IWR - iShares Russell Midcap® Index Fund
IWS - iShares Russell Midcap® Value Index Fund
IWV - iShares Russell 3000® Index Fund
IWW - iShares Russell 3000® Value Index Fund
IWZ - iShares Russell 3000® Growth Index Fund
Links to More Up-to-date Price Information
Delayed Price Quotes
CBOE Russell 2000 Volatility Index (RVX)
The CBOE Russell 2000 Volatility IndexSM (RVXSM) is a key measure of market expectations of near-term volatility conveyed by Russell 2000® stock index option prices. It measures the market's expectation of 30-day volatility implicit in the prices of near-term Russell 2000 options. Please visit the RVX microsite at www.cboe.com/RVX for more information about the RVX Index, and futures and options on the RVX Index.
Benchmark Index -- CBOE Russell 2000 BuyWrite Index (BXR)
The CBOE Russell 2000 BuyWrite Index (BXR) is a benchmark index that measures the performance of a theoretical portfolio that sells Russell 2000 Index (RUT) call options, against a portfolio of the stocks included in the Russell 2000 Index. A "buy-write," also called a covered call, generally is considered to be an investment strategy in which an investor buys a stock or a basket of stocks, and also sells call options that correspond to the stock or basket of stocks. This strategy can be used to enhance portfolio returns and reduce volatility. Historical daily values for the BXR are available dating back to December 29, 2000. For more information and prices on the BXR Index, please visit www.cboe.com/BXR.
About Russell Indexes
Russell's index business began in 1984 as a way to accurately measure U.S. market segments and better track investment manager behavior for Russell's consulting and investment management business. The resulting index methodology produced the broad-market Russell 3000® Index and introduced the first small cap benchmark - the Russell 2000® Index. Russell applied the same methodology in 2007 to design the Russell Global Indexes.