Tag: CBOE S&P 500 Smile Index

Chicago Board Options Exchange (CBOE) has announced that it has launched the CBOE S&P 500 Smile Index (Ticker: SMILE), a premium-capture strategy benchmark index based on the steepness of the curve of implied volatilities of S&P 500 Index (SPX) options - often referred to as the "smile." The CBOE Smile Index's strategy alternates between selling…