The Chicago Board Options Exchange® (CBOE®) announced that it has created 10 new options-based strategy performance benchmark indexes that are designed to highlight the long-term utility of options as risk management and yield enhancing investment tools. CBOE will disseminate intra-day values for the new benchmarks beginning Monday, August 3, 2015.
The new benchmark indexes will use popular S&P 500 Index (SPX) Weeklys options to create new versions of two of CBOE’s flagship strategy benchmark indexes — the CBOE S&P 500 BuyWrite Index (BXM) and the CBOE S&P 500 PutWrite (PUT) Index — as well as completely new risk-managed option selling strategies featuring S&P 500 Index (SPX) and CBOE Volatility Indexâ (VIXâ Index) options.
“Our popular performance benchmarks have proven to be of great utility to market participants and have driven demand for additional CBOE index benchmarks,” said CBOE CEO Edward T. Tilly. “We’re pleased to respond to that demand with new benchmarks aimed at providing fund managers, investment advisors, institutional investors and others with tangible measures of how our products can be used to improve risk-adjusted returns within an investment portfolio.”
Beginning Monday, August 3, the values for each of the indexes will be published every 15 seconds throughout the trading day and can be accessed on the CBOE website and through all quote vendors. In addition, overviews and historical data for each of the performance benchmark indexes will be available through links at www.cboe.com/benchmarks