: For the 12 months ending in April 2026, the index gained approximately 17.84% .
: Provides a "buffer" because the premium received from selling the call option offsets some of the losses. For example, it significantly outperformed in 2000. buy write index returns
The strategy typically offers lower volatility and higher income than owning the index outright, but it tends to underperform in strong bull markets due to the "cap" on upside gains. : For the 12 months ending in April
: This is the "sweet spot." It outperformed the S&P 500 in 5 out of 7 periods where the index posted annual returns of 10% or less. The strategy typically offers lower volatility and higher
: Typically underperforms. The BXM underperformed the S&P 500 in every single year (13 out of 13) where the market rose by more than 10%. Key Benchmark Comparisons BXY Index Dashboard - Cboe Global Indices