Stock Pros Are as Hedged as Ever Under Record-Smashing S&P Rally
- Institutions add protection as retail buy single-name calls
- Stock derivatives are taking Fed taper signal in stride
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With the S&P 500 notching a new record every day this week while YOLO traders snap up tech bets like it’s GameStop Corp. all over again, cries of complacency in the stock market are everywhere.
Yet in the world of equity options at least, there’s strong evidence the professional class is keeping its head in the market melt-up.