Cboe's Strategy Benchmark Indexes www.cboe.com/Benchmarks

BuyWrite Indexes

Delayed Quotes
Sym Last Pt. Change
BXM 1492.89 2.69
BXD 355.71 1.09
BXMC 1599.47 3.18
BXMD 2845.95 6.73
BXMW 170.77 0.13
BXN 681.26 0.95
BXR 280.30 0.86
BXRC 236.40 0.73
BXRD 340.21 1.14
BXY 2265.33 5.65

PutWrite Indexes

Delayed Quotes
Sym Last Pt. Change
PUT 1945.70 2.87
PUTR 390.19 1.01
WPUT 199.96 0.50
WPTR 115.40 0.12

Combo Index

Delayed Quotes
Sym Last Pt. Change
CMBO 2049.71 4.07

Butterfly and Condor Indexes

Delayed Quotes
Sym Last Pt. Change
BFLY 438.49 0.38
CNDR 731.20 1.05

Collar Indexes

Delayed Quotes
Sym Last Pt. Change
CLL 981.50 1.80
CLLR 258.43 0.70
CLLZ 1095.03 2.23

Put Protection Index

Delayed Quotes
Sym Last Pt. Change
PPUT 976.53 1.52

Risk Reversal Index

Delayed Quotes
Sym Last Pt. Change
RXM 1105.05 0.87

VIX-related Benchmark Indexes

Delayed Quotes
Sym Last Pt. Change
VPD 473.70 2.63
VPN 422.30 2.33
VXTH 249.14 0.12
LOVOL 237.54 0.25
VSTG 162.09 0.00

Updated Price Charts

VXTH:



Target Outcome Indexes

Delayed Quotes
Sym Last Pt. Change
SPRO 2403.09 6.19
SPEN 3629.90 10.49
SPRI 5154.24 3.34
SPAI 426.36 1.30
SPATI 427.85 1.30
SUPDN 6432.91 22.16
SPEB01 2276.85 0.28
SPEB04 2194.11 4.11
SPEB07 2398.06 3.63
SPEB10 2252.47 3.51
SPEG01 3394.74 0.64
SPEG04 3438.13 8.72
SPEG07 3437.90 6.58
SPEG10 2977.34 6.86
SPRF01 2124.43 0.90
SPRF04 1970.17 4.25
SPRF07 2220.15 2.45
SPRF10 2039.72 2.61
SPRS01 2061.14 0.76
SPRS04 2043.62 4.31
SPRS07 2129.24 1.91
SPRS10 1786.77 1.77

Excerpts from News Clips

Options for Nervous Investors

"...Research suggests investors who use covered calls can turn the risk-reward trade-off in their favor by using a strategy based on stock indexes rather than individual stocks...Over 10 years through November, the BXM returned 4.2% a year, versus 2.9% for the S&P 500. Over 20 years, which counts the go-go 1990s, its lead is narrower: 8.4% versus 8.3%. During both periods its volatility was significantly lower than that of the S&P 500...

Wall Street Journal December 10, 2011

 

Buy Writing Makes Comeback as Way to Hedge Risk

"Pension executives are once again beginning to consider a long-standing but long-dormant derivatives strategy - covered call writing, or buy writing - to hedge their downside equity risk and add incremental alpha ... While options industry executives said the strategy is not new, two developments have given it more credibility. First, in 2002, the Cboe Options Exchange created a buy-write index based on the S&P 500, the Cboe S&P 500 BuyWrite Index, or BXM. ... Second, and possibly more important for institutional investors, Ibbotson Associates, Chicago, released a report...

Pensions & Investments. May 16, 2005.

Charts

Microsite chart
Microsite chart

The BXM, BXD, BXN, BXY, CLL and PUT indexes (the "Indexes") are designed to represent proposed hypothetical options strategies. The actual performance of investment vehicles such as mutual funds or managed accounts can have significant differences from the performance of the Indexes. Investors attempting to replicate the Indexes should discuss with their advisors possible timing and liquidity issues. Like many passive benchmarks, the Indexes do not take into account significant factors such as transaction costs and taxes. Transaction costs and taxes for strategies such as the Indexes could be significantly higher than transaction costs for a passive strategy of buying-and-holding stocks. Investors should consult their tax advisor as to how taxes affect the outcome of contemplated options transactions. Past performance does not guarantee future results. This web page contains index performance data based on back-testing, i.e., calculations of how the index might have performed prior to launch. Backtested performance information is purely hypothetical and is provided in this web page solely for informational purposes. Back-tested performance does not represent actual performance and should not be interpreted as an indication of actual performance. It is not possible to invest directly in an index. Cboe calculates and disseminates the Indexes. Supporting documentation for any claims, comparisons, statistics or other technical data is available from Cboe upon request. The methodologies of the Indexes are the property of Cboe Options Exchange, Incorporated (Cboe).

Copyright 2019 Cboe Options Exchange, All Rights Reserved