🚨📉 Record purchases of puts on ETFs that are "victims of AI."
According to Bloomberg, nearly $50 billion in notional puts have already been traded this month, the highest level in two decades.
The coverage is concentrated in corporate credit (senior loans), consumer, financial, and healthcare.
Rather than a momentary panic, the market is paying for protection in case the correction spreads to sectors other than technology.
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🚨📉 Record purchases of puts on ETFs that are "victims of AI."
According to Bloomberg, nearly $50 billion in notional puts have already been traded this month, the highest level in two decades.
The coverage is concentrated in corporate credit (senior loans), consumer, financial, and healthcare.
Rather than a momentary panic, the market is paying for protection in case the correction spreads to sectors other than technology.