BuyWrite Indices

In a buy-write strategy an investor usually buys stocks and writes covered calls for income, often with the goals of adding income and reducing portfolio volatility. Investors have asked for benchmark indices to help them gauge the performance of options-based strategies, and Cboe introduced the popular BXM Index and other benchmark indices for buy-write performance. A number of studies have shown that certain Cboe buywrite indices have delivered strong risk-adjusted returns over more than two decades, in part because of a risk premium involved with consistent selling of index options. See the links below and to the left for more information.

BuyWrite Indices

S&P 500
Sym Last Pt. Change
BXM 1283.34 -1.53
BXMC 1392.79 -6.11
BXMD 2527.97 -10.24
BXMW 149.53 -0.62
BXY 1981.33 -2.67
Russell 2000
Sym Last Pt. Change
BXR 227.33 -1.18
BXRC 191.65 -1.68
BXRD 286.72 -3.31
MSCI EAFE and Emerging Markets
Sym Last Pt. Change
BDEA 134.03 2.02
BDEF 210.59 -0.30
BXEA 108.10 1.38
BXEF 195.69 0.23
BYEA 120.81 1.53
BYEF 206.89 0.02
DJIA
Ticker Index
BXD Cboe DJIA BuyWrite Index
Sym Last Pt. Change
BXD 292.68 -0.65
Nasdaq
Ticker Index
BXN Cboe Nasdaq BuyWrite Index
Sym Last Pt. Change
BXN 635.38 -0.71