Covered Call, Buy-Write ETFs

The exchange traded note iPath CBOE S&P 500 BuyWrite Index ETN (NYSEArca: BWV) also shares the same benchmark as PBP. BWV is up 7.3% year-to-date.

Horizons ETFs Group recently introduced Horizons S&P 500 Covered Call ETF (NYSEArca: HSPX). HSPX is up 3.3% over the past three months. [Generating Income Through Covered-Call Writing ETFs]

The AdvisorShares STAR Global Buy-Write ETF (NYSEArca: VEGA) is an actively managed covered call strategy with a global focus. The managers will also employ protective put options to manage downside risk in a volatile market. VEGA is down 1.9% year-to-date.

For more information on covered call strategies, visit our buywrite category.

Max Chen contributed to this article.