BWV

iPath CBOE S&P 500 BuyWrite Index ETN
N/A

N/A
  • Overview
  • Efficiency
  • Tradability
  • Fit

BWV Fund Description

The iPath CBOE S&P 500 BuyWrite ETN tracks an index using a covered-call strategy: long exposure to the S&P 500 and selling call options on the S&P 500.

BWV Factset Analytics Insight

This ETN will be delisted after the close on 04/12/2018. BWV offers a classic options overlay strategy—covered calls—but investors aren't enticed. BWV's reference index tracks a nominal position in the S&P 500 overlaid with a short call position. The calls that are 'written' against the long position indexed to the S&P 500 are 'at the money,' meaning the strike price is roughly equal to the price of the S&P 500 at the time of sale. The goal is to enhance the risk/return of the S&P 500, with the trade-off being a limitation of potential upside appreciation. (The note makes no distributions, so don't come here for yield.) BWV lacks liquidity and assets to the point where we question its viability. Those interested in the covered-call strategy can find a more liquid facsimile in PBP or HSPX.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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BWV Top 10 Countries

BWV Top 10 Sectors

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BWV Top 10 Holdings

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BWV Summary Data

Barclays Bank PLC
iPath
05/22/07
Exchange-Traded Note
0.75%
$7.92M
$24.50K
2.94%

BWV Portfolio Data

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0.00%
N/A
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BWV Index Data

CBOE S&P 500 BuyWrite Index
Fixed
Fixed
MSCI USA Large Cap

Related ETFs to BWV

N/A
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

BWV Portfolio Management

0.75%
-0.16%
0.02%
-0.67%

BWV Tax Exposures

20.00% / 39.60%
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No distributions
No

BWV Fund Structure

Exchange-Traded Note
No
N/A
N/A
Barclays Bank PLC
Low
Closing
None
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

BWV Factset Analytics Block Liquidity

As of 04/20/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of BWV. BWV is rated a 4 out of 5.

BWV Tradability

252
$24.50K
4
0
2.94%
$2.31
-0.46%
5.56% / -2.48%
None
100.00%
50,000
0.00
0.00%
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$78.94
4

BWV Sector/Industry BreakdownView All

BWV Geographic Exposure

BWVSegment Benchmark
100.00% --

BWVSegment Benchmark
100.00% --
0.00% / 0.00% 0.00% / 0.00%

BWV Performance Statistics

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MSCI USA Large Cap

BWV BENCHMARK COMPARISON

    BWV
    -- Holdings
    Segment Benchmark
    -- Constituents
    Shared Holdings
    -- (Count)
     
    -- (Weight)
BWVSegment Benchmark
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