Put options on the S&P 500 — which are used to hedge losses in the index over the coming 12 months — haven't been this cheap since 2008, according to Bank of America.
Given the high equity-market valuations and the lingering threat of a recession, it's"sensible" for investors to buy the contracts at the current low prices to guard against the risk of a selloff, BofA strategists led by Benjamin Bowler wrote in a research note.
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Source: MarketWatch - 🏆 3. / 97 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »