Summary

• Few industries embody global interconnectedness more than semiconductors. Semis have also been a powerful engine for equity indexes for decades.
• One of the drivers of consistent NDX outperformance relative to the S&P 500 has been the weight of semiconductor stocks within the index.
• Global investors are looking for ways to access the power of NDX in risk-defined ways. NDX options serve that end goal.

By Kevin Davitt, Head of Options Content

The World is (Proverbially) Flat

For millennia, humans debated whether the Earth was flat. Aristotle observed that the shadows on the moon were always curved and studied lunar eclipses 2,400

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