BXMX: A Disappointing 2024 For This Equity CEF [Seeking Alpha]
Nuveen S&P 500 Buy-Write Income Fund Common Shares of Beneficial Interest (BXMX)
US:NYSE Investor Relations:
nuveen.com/cef/product/overview.aspx?fundcode=bxmx
Company Research
Source: Seeking Alpha
Follow Play 8min Summary BXMX is a buy-write CEF that underperforms in bull markets but buffers downside in bear markets with high option premiums. The fund's structural features limit upside participation to 2% monthly, making it less suitable for violent equity rallies. BXMX trades at a -9% discount to NAV, with a countercyclical premium/discount feature influenced by market regimes. Best suited for investors anticipating a recession, offering lower volatility and shallower drawdowns compared to SPY. Michael H Thesis We last covered the Nuveen S&P 500 Buy-Write Income Fund (NYSE: BXMX ) a year ago, when we highlighted the structural features of the CEF in comparison with its peers, and highlighted our view on its risk factors. The This article was written by Binary Tree Analytics 4.78K Follower s Follow With an investment banking cash and derivatives trading background, Binary Tree Analytics ('BTA') aims to provide transparency and analytics in respect
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BXMX
Sec Filings
- 9/5/24 - Form N-CSRS
- 8/29/24 - Form N-PX
- 8/28/24 - Form NPORT-P
- BXMX's page on the SEC website