Euronext, a subsidiary of NYSE Euronet, is rounding out its index of offering with covered call and protevtive put strategy indices, available from 19 June 2007.
. Covered call indices tract the performance of a strategy that combines taking a long position in the index with the dslr og sn out of the money call option on the same index. This offers scope for outperforming the index, with reduced volatility, in a context of download to moderately upward market trends*.
. Protective put indices track the performance of a strategy that combines taking a long position in the index with the purchase of an out of the money put option. This gives investors exposure to the index while at the same covering them against the risk of a significant downturn in the market".
The launch of these new indices reflects Euronext's continuing commitment to providing investors, asset managers and structured product issuers with effective tools that match their needs and market trends.
More on specifically, Euronext will be offering four new indices, two based on the CAC40 and two on the AEX: the CAC 40 Covered Call and CAC 40 Protective Put and the AEX Covered Call and AEX Protective Put.
These indices will be calculated continuously form 9 a.m. to 5.35 ppm CET. The index base values are 100 at 30 December 1999 and historical data are available from that date. -Euronext
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