BuyWrite Indexes

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 indexes to help them gauge the performance of options-based strategies, and Cboe introduced the popular BXM Index and other benchmark indexes for buy-write performance. A number of studies have shown that certain Cboe buywrite indexes 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 Indexes

S&P 500
Sym Last Pt. Change
BXM 1527.19 0.57
BXMC 1675.05 0.78
BXMD 2948.29 1.73
BXMW 175.42 0.05
BXY 2370.61 1.44
Russell 2000
Sym Last Pt. Change
BXR 286.54 0.11
BXRC 246.57 0.14
BXRD 354.22 0.23
MSCI EAFE and Emerging Markets
Sym Last Pt. Change
BXEF 245.63 -1.85
BXEA 142.05 -0.93
BYEF 259.55 -2.27
BDEF 265.21 -1.99
BYEA 159.57 -1.16
BDEA 165.63 -1.11
DJIA
Ticker Index
BXD Cboe DJIA BuyWrite Index
Sym Last Pt. Change
BXD 362.44 -0.05
Nasdaq
Ticker Index
BXN Cboe Nasdaq BuyWrite Index
Sym Last Pt. Change
BXN 700.67 0.87