No Stock Salvation Seen in Bank Results as VIX Soars: Options
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Options traders are skeptical this week’s bank earnings will deliver calming news to a stock market enduring its worst losses in two years.
U.S. stocks have fallen for the past three days on concerns about global growth, the future of interest rates and the spread of Ebola. With companies from JPMorgan Chase & Co. to Goldman Sachs Group Inc. and Bank of America Corp. scheduled to report this week, demand for bearish options on the largest U.S. financial firms has increased to the highest since May 2013.