CBOE S&P 500 PutWrite Index

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CBOE S&P 500 PutWrite Index

An index showing the performance of a covered strategy involving the stocks on the S&P 500. That is, the PutWrite Index shows an investor what would happen if she/he purchased put options on the S&P 500 index and had sufficient cash on hand to buy the stocks in case the options were exercised. See also: Covered put.
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Equity High Volatility Put Write Index Fund (NYSE Arca: HVPW).