Rampart Investment Management

Markets & Indexes

We Helped Create the Benchmarks

Rampart's index option strategies draw on the principles and structure of the Chicago Board Options Exchange CBOE® S&P 500® BuyWrite Index (BXMSM). In fact, we were the first licensee of the BXM, the first major industry-accepted benchmark to illustrate the attractiveness of the covered call investment concept.

Since the inception of the BXM, several additional indexes, including the CBOE® S&P 500® 2% OTM BuyWrite Index (BXYSM), have launched in the marketplace. The BXY provides potentially greater return than the BXM at a modest increase in risk levels.

These strategies can serve as overlays for passively managed index funds and actively managed large cap portfolios in the tax-exempt marketplace, without affecting the underlying equity managers. In addition, they can have positive features for taxable investors with appropriate underlying portfolios.

Premium Indexes

  • Rampart Time Premium Index
    RTPI Rampart Time Premium Index
  • CBOE BuyWrite Monthly Index
    BXM CBOE BuyWrite Monthly Index
  • CBOE BuyWrite S&P 500 2% OTM BuyWrite Index
    BXY CBOE S&P 500 BuyWrite Index

Broad Market Benchmarks

  • S&P 500 Index
    SPX S&P 500 Index
  • Dow Jones Industrial Average
    DJI Dow Jones Industrial Average
  • NASDAQ Composite Index
    NASDAQ NASDAQ Composite Index

Volatility Indexes

  • CBOE Volatility Index
    VIX CBOE Volatility Index
  • CBOE Dow Jones Industrial Average Volatility Index
    VXD CBOE Dow Jones Industrial Average Volatility Index
  • CBOE NASDAQ Volatility Index
    VXN CBOE NASDAQ Volatility Index

Past performance does not guarantee future results. The CBOE S&P 500 BuyWrite Index (BXMSM) is designed to represent a proposed hypothetical buy-write strategy. Like many passive indexes, the BXM Index does not take into account significant factors such as transaction costs and taxes and, because of factors such as these, many or most investors should be expected to underperform passive indexes. Investors attempting to replicate the BXM Index should discuss with their brokers possible timing and liquidity issues. Transaction costs and taxes for a buy-write strategy such as the BXM could be significantly higher than transaction costs for a passive strategy of buying-and-holding stocks. Standard & Poor's®, S&P®, and S&P 500® are registered trademarks of The McGraw-Hill Companies, Inc. and are licensed for use by the Chicago Board Options Exchange, Incorporated (CBOE). CBOE, not S&P, calculates and disseminates the BXM Index. The CBOE has a business relationship with Standard & Poor's on the BXM. LEAPS®, FLEX®, OEX®, XEO®, MNX®, CBOE® and Chicago Board Options Exchange® are registered trademarks of the CBOE, and SPXSM, and CBOE S&P 500 BuyWrite IndexSM BXMSM are servicemarks of the CBOE. The methodology of the CBOE S&P 500 BuyWrite Index is owned by CBOE and may be covered by one or more patents or pending patent applications. Rampart® is a registered trademark of Rampart Investment Management Company, Inc. The CBOE BuyWrite Monthly IndexSM is licensed for use by Rampart Investment Management, Company, Inc. Neither CBOE nor S&P in any way sponsor, endorse, or are otherwise involved in the Rampart BXM Strategy. CBOE and S&P disclaim any liability to any party for any inaccuracy in the data on which the BXM index is based, for any mistakes, errors, or omissions in the calculation and/or dissemination of the BXM index, or for the manner in which the BXM is applied in connection with the Rampart BXM Strategy. Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options (ODD). Copies of the ODD are available from your financial advisor or broker, or from The Options Clearing Corporation, One North Wacker Drive, Suite 500, Chicago, Illinois 60606. The information on this website is provided solely for general education and information purposes and therefore should not be considered complete, precise, or current. Many of the matters discussed are subject to detailed rules, regulations, and statutory provisions which should be referred to for additional detail and are subject to changes that may not be reflected in the website information. No statement within the website should be construed as a recommendation to buy or sell a security or to provide investment advice.