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Covered Call Strategy Indices - Dow DJIA and NASDAQ-100 Index

by Tom Huggens, 3459 days ago
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The CBOE DJIA BuyWrite Index and the CBOE NASDAQ-100 BuyWrite Index are benchmark indices that track the performance of an hypothetical buy-write strategy that buys stocks in the Dow Jones Industrial Average (CBOE DJIA BuyWrite Index) or in the NASDAQ 100 (CBOE NASDAQ-100 BuyWrite Index) and sells or writes DJX call options or NASDAQ-100 Index covered call options.

The same strategy is applied to the S&P 500 Index (CBOE S&P 500 BuyWrite Index) and to the Russell 2000 Index (CBOE Russell 2000 BuyWrite Index).

The BuyWrite, also known as covered call, is a strategy that uses stocks and options. The investor or the trader buys a basket of stocks and sells call options of the Index, ETF or any other instrument that tracks the performance of these stocks. BuyWrite strategies are generally used to increase a trading system return while reducing at the same time the overall volatility of the portfolio. The strategy protects your investment in market decline (bear periods) but often underperforms the market in bull periods. This means that the strategy will limit your portfolio upside potential gain and in return it will decrease the volatility of your portfolio.

These indexes, as well as the Russell 2000 and S&P 500 BuyWrite indices are developed by the Chicago Board Options Exchange.
The ticker symbol of the CBOE DJIA Covered Call Strategy is "^CBOE_DJIA_BuyWrite" and the ticker symbol of the CBOE NASDAQ-100 Covered Call Strategy is "^CBOE_NASDAQ_2000_BuyWrite".

This item downloads historical close prices (EOD data) for the DJA and NASDAQ-100 BuyWrite indices. It also downloads the open, high and low data.




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Object ID: 553


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Market: Options Market

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