U.S. Bull Run Losing Fans as Traders Load Up on S&P 500 Hedges
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With rallies in U.S. stocks falling apart on a daily basis, one measure of trader anxiety in the options market is flashing more pessimism than any time in six years.
Bearish puts on the Standard & Poor’s 500 Index outnumber bullish calls by the most since October 2008, with the ratio steepening amid a run of economic reports that trailed analyst forecasts, data compiled by Bloomberg show. Sentiment is deteriorating amid a stretch of volatility that has seen the benchmark gauge for U.S. equities erase annual gains six separate times in 2015.