81RVX and RUT June 26 CBOEA June 26 news story in MarketWatch noted that –

“Stock-trading volume is expected to surge in Friday’s last moments of trading, as the Russell indexes go through their annual routine of adding and removing stocks.  A massive amount of money is linked to the small-cap Russell 2000 RUT … the large-cap Russell 1000 RUI, … and their siblings. The index funds that track these benchmarks must buy or sell stocks as result of this summertime shakeup that’s finalized Friday.  … Some estimates say $40 billion or even $50 billion worth of trades will take place around the closing bell on Friday.”


For investors who wish to monitor and manage their small-cap exposure, key tools to be explored include –

In addition, a key benchmark for small-cap index options-based performance is the CBOE Russell 2000 BuyWrite Index (BXR), an 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. On June 23 the BXR Index had its all-time daily closing high of 218.65.82BXR June 25


For more information, this CBOE Options Hub has several blogs on this month’s reconstitution of the Russell indexes. In addition, please visit www.cboe.com/FTSERussell and  www.russell.com/indexes.