Buy-write strategies have been popular in recent years because of the rising low-volatility market. “The covered call strategy is nothing new really. It’s been in existence for a long time. But for the past three years, there’s b
The index tracks the performance of a hypothetical buy-write strategy where the investor buys the S&P 500 Index and simultaneously sells a one-month call option on the same underlying with a pre-determined strike price. The ETN trades on the American Stock Exchange.