CBOE S&P 500 BuyWrite Index

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CBOE S&P 500 BuyWrite Index

An index showing the performance of a buy-write strategy involving the stocks on the S&P 500. That is, the BuyWrite Index shows an investor what would happen if she/he purchased the stocks on the S&P 500 and wrote call options in which the S&P 500 index were the underlying asset. See also: Covered call.
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The CBOE NASDAQ-100 Buy Write Index assumes that call options are written on the third Friday of each month, held until their expiration, and exercised options are settled in cash.
NEW YORK, July 25 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) today began trading Morgan Stanley Strategic Total Return Securities Exchangeable for a Cash Amount Based on the CBOE Dow Jones Industrial Average Buy Write Index.