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PUT CBOE S&P 500 PutWrite Index

The Index is a collateralized put write strategy on the S&P 500 Index. The strategy is designed to receive a premium from the option buyer by selling a sequence of one-month, at-the-money, S&P 500 Index puts (SPX puts). If, however, the value of the S&P 500 Index falls below the SPX Putís strike price, the option finishes in-the-money and the Index pays the buyer the difference between the strike price and the value of the S&P 500 Index. The Index's strategy of selling cash-secured SPX Puts serves to partially offset a decline in the value of the S&P 500 Index to the extent of the premiums received.

As of 07/02/2021

Index Information
Provider:     CBOE
Category1:  Alternatives
Category2:  Options
Category3:  Puts
Currency:    USD
Inception date:  06/01/2007
Backtesting data exists:   Yes
Weighting methodology:   Other

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