The Cboe's new 1-Day Volatility Index, launched on April 24, and was built to measure the expected volatility of the S&P 500 over the next day of trading. VIX1D is a response to a surge in the use of extremely short-dated options.

The current market environment is attractive for a covered call strategy.

In a market environment of low bond yields and record high equity valuations, it’s time to look beyond simple asset-class diversification. A covered call strategy could provide clients with potential for growth, income and downside protection.