Thursday, August 10, 2017

Bears take over

The biggest selloff in U.S. equities since May sparked an unprecedented rush for protection in the options market.About 2.6 million puts and calls tied to the CBOE Volatility Index changed hands on Thursday, the most on record, as the VIX spiked 44 percent to close at the highest level since Nov. 8. About 3.4 call volatility options - a bearish equities trade - have changed hands for every put contract.

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