DAX Puts Hit Five-Year High on European Crisis Concern
This article is for subscribers only.
Options traders have increased bearish bets on the DAX Index to a more than five-year high versus the rest of Europe, seeking to protect gains after the German equity gauge rallied 17 percent in the first quarter.
Puts outnumbered calls by 1.41-to-1 for the DAX yesterday, according to data compiled by Bloomberg. The ratio exceeded the put-to-call measure for the Euro Stoxx 50 Index by 24 percent on March 29, the most since December 2006.