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U.S. Election Priced as Worst Event Risk in VIX Futures History

  • Elevated October futures show hedging for November volatility
  • Trades set for ‘pretty incredible fireworks:’ strategist Crise
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JPMorgan Says Prep for Rising Chance Trump Wins Re-Election

As the U.S. stock market continues to rally to record highs, the attention of many investors is turning toward November’s elections as a source of risk.

However, hedging against that potential volatility doesn’t come cheap. In fact, it’s currently the most-expensive event risk on record based on a common way to bet on volatility known as a “butterfly trade.”