Technology stocks have rebounded from a selloff that some attributed to sector rotation, but options trading suggests a lack of confidence in the rally. The cost of bearish over bullish contractsrose to the highest level since late May, at all-time high reached in June. Gaining 20 percent this year, S&P 500 technology companies trade at 17.7 times projected earnings, compared with a five-year average of 15.
Source: Bloomberg Pro Terminal
Trader Bozhidar Arabadzhiev
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