Put options buyers have become active. Their bet is $ 11 million worth of put options bought that will go down. The most active options are due on December 20 at a strike price of 2725, which is about 12% below the current spot price of the index.
We can only speculate on what this course means. A hedge under 2700? Market expectations may be in the offing for a new Christmas sale. Last year, we witnessed a correction of nearly 18% in December.
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