Options Bears Circle Nasdaq as Stocks Flirt With Bear Market
- Volatility spread between Nasdaq 100, S&P 500 most in 2 years
- ``Exuberance has turned to panic pretty quickly,'' Solaka says
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Options traders are betting the pain is far from over in the Nasdaq 100 Index.
Unconvinced a two-day decline of 5 percent found the bottom, they’re loading up on protection in the technology-heavy index, pushing the cost of options on a Nasdaq 100 exchange-traded fund to the highest in almost two years versus the Standard & Poor’s 500 Index, data compiled by Bloomberg show.