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Basic Info

The CBOE S&P 500 Buy Write Index is a benchmark index that tracks the performance of a potential buy-write strategy on the S&P 500. The index is designed to measure the total rate of return of a hypothetical “covered call” strategy applied to the S&P 500 Index. This strategy consists of a hypothetical portfolio consisting of a “long” position indexed to the S&P 500 Index on which are deemed sold a succession of one-month, at-the-money call options on the S&P 500 Index listed on the CBOE Options Exchange.
Core Index Name CBOE S&P 500 Buy Write Index
Return Type Total Return
Currency Code USD
Category Hedge Type Not Hedged

Total Return Performance

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Name
1M
3M
6M
1Y
3Y
5Y
10Y
15Y
-0.03%
4.07%
9.69%
6.76%
12.16%
8.83%
8.01%
7.08%
As of January 20, 2026. Returns for periods of 1 year and above are annualized.
View Periodic Total Returns Versus Peers
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Annual Performance

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Name
2019
2020
2021
2022
2023
2024
2025
YTD
15.68%
-2.76%
20.47%
-11.37%
11.82%
20.12%
8.91%
-0.52%
As of January 21, 2026.

Basic Info

The CBOE S&P 500 Buy Write Index is a benchmark index that tracks the performance of a potential buy-write strategy on the S&P 500. The index is designed to measure the total rate of return of a hypothetical “covered call” strategy applied to the S&P 500 Index. This strategy consists of a hypothetical portfolio consisting of a “long” position indexed to the S&P 500 Index on which are deemed sold a succession of one-month, at-the-money call options on the S&P 500 Index listed on the CBOE Options Exchange.
Core Index Name CBOE S&P 500 Buy Write Index
Return Type Total Return
Currency Code USD
Category Hedge Type Not Hedged