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BXNT CBOE NASDAQ-100 BuyWrite V2 Index

The Index is a total return index based on (1) buying a NASDAQ-100 stock index portfolio, and (2) “writing” (or selling) the near-term NASDAQ-100 Index (NDX) “covered” call option, generally on the third Friday of each month. The NDX call written will have about one month remaining to expiration, with an exercise price just above the prevailing index level (i.e., slightly out of the money). The NDX call is held until one day prior to expiration and are liquidated at a volume-weighted average price determined at the close. The NDX call option is settled in cash, at which time a new one-month, near-the-money call is written.

As of 09/11/2017

Index Information
Provider:     CBOE
Category1:  Alternatives
Category2:  Options
Category3:  Covered calls
Currency:    USD
Inception date:  06/22/2015
Backtesting data exists:   No
Weighting methodology:   Market capitalization

As explained in what is an index, there is no universal system of giving an index a symbol. You can search for indexes using our index symbol lookup.

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