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Pro Traders Working the Stock Options Market Like No Time Since Crisis

  • Could be seen as traders betting on severe decline: Sundial
  • Aggressive Fed, warnings from Corporate America add to gloom
Bloomberg business news
Principal's Shah: Markets Haven't Priced In a Recession Yet

With a lumbering bear market whipping up volatility, the biggest traders are wringing stock options for all they’re worth.

The largest players on the options market bought more than $10 billion in puts on individual stocks last week, a record for that group and close to the most ever by any cohort of traders, according to Sundial Capital Research. The rush for protection came as the S&P 500 slumped into the weekend and the Cboe Volatility Index spiked above 32 to the highest level since June.