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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CBOE currently publishes data on more than 30 strategy performance benchmark indexes, including the CBOE S&P 500 BuyWrite Index (BXM), the CBOE Russell 2000 PutWrite Index (PUTR) and the CBOE VIX Tail Hedge Index (VXTH).
CHICAGO -- Ennis Knupp + Associates (EnnisKnupp), one of the largest investment consulting firms in the world, today released a new six-page study on the performance of five benchmark indexes, including the CBOE S&P 500 PutWrite Index (ticker symbol PUT(SM)), over a period of more than 22 years.
The CBOE S&P 500 PutWrite Index is designed to represent a proposed hypothetical PutWrite strategy.
stock market rally concurrent with the period studied, the CBOE Russell 2000 PutWrite Index (PUTR) had higher returns and lower volatility than the underlying Russell 2000 stock index.