Due to health issues, this site is no longer maintained and will be shut down shortly.

BXY CBOE S&P 500 2% OTM BuyWrite Index

The Index is a passive total return index based on (1) buying a S&P 500 stock index portfolio, and (2) “writing” (or selling) the near-term S&P 500 Index (SPX) “covered” call option, generally on the third Friday of each month. The SPX call that is written will have about one month remaining to expiration, with an exercise price 2% above the prevailing index level (i.e., 2% out of the money). The SPX call is held until one day prior to expiration and is liquidated at a volume-weighted average price determined at the close. The SPX call option is settled in cash, at which time a new one-month,2% out of the money call is written.

As of 07/16/2021

Index Information
Provider:     CBOE
Category1:  Alternatives
Category2:  Options
Category3:  Covered calls
Currency:    USD
Inception date:  01/01/1900
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.

2022 © Stock Market MBA, Inc. Terms of use | Privacy policy