(Bloomberg) — A trader just established a massive hedging position via options to protect a portfolio of stocks in the event that the S&P 500’s losses snowball toward 20% during the fourth quarter. Most Read from Bloomberg The trader Thursday morning bought 45,300 put-spread collars — options cocktails that combine various strike prices in a single strategy — on the S&P 500 for $94 million. The order involved selling calls with a strike price at 4,505 while buying puts exercising at 4,135… Source link
Read More »Housing’s summer swoon continues: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, August 18, 2021 Homebuilder confidence hits a 13-month low in July The housing market has been in a frenzied state for over a year now, but the cracks in this market have been evident for some time. And on Wednesday, we got another sign that the COVID-related boom in this market is starting to wane. Homebuilder confidence as measured… Source link
Read More »GLOBAL MARKETS-Asia shares undone by Wall St swoon, short seller squeeze
* Asian stock markets : https://tmsnrt.rs/2zpUAr4 * Asia markets down broadly, S&P futures pare losses * Apple, Facebook slip despite upbeat results * Talk of distressed selling by hedge funds as shorts squeezed * Dollar gets safe-haven bid as euro backtracks By Wayne Cole SYDNEY/NEW YORK , Jan 28 (Reuters) – Asian shares slid on Thursday while the safe-haven dollar rallied as a sudden sell-off on Wall Street and delays with coronavirus vaccines served as an excuse to book profits on recent hefty… Source link
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