The index is designed to measure the total rate of return of a hypothetical "buy-write", or "covered call", strategy on the S&P 500 Index. This strategy consists of a hypothetical portfolio consisting of a "long" position indexed to the S&P 500 Index and the sale of a succession of one-month, at- or slightly out-of-the-money S&P 500 Index call options that are listed on the Chicago Board Options Exchange.
Frequently asked questions
What is the iPath CBOE S&P 500 BuyWrite Index(SM) ETN (BWVTF) expense ratio?
The iPath CBOE S&P 500 BuyWrite Index(SM) ETN funds expense ratio is 0.75%.
What is iPath CBOE S&P 500 BuyWrite Index(SM) ETN (BWVTF) current stock price?
As of the latest data, iPath CBOE S&P 500 BuyWrite Index(SM) ETN stock price is $115.00, with a previous close of $115.00.