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Options activity hints US stock market has not reached bottom: Barclays

With the S&P 500 marking a fresh bear market low on Tuesday, down 24% for the year, traders and investors are searching for clues as to when the market may bottom out

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Photo: Bloomberg

Reuters NEW YORK
Options trading activity does not yet hint at a bottom in U.S. stocks, Barclays derivatives strategists said on Tuesday, rebutting speculation among some investors that a record surge in put option trading volumes suggested the market may be nearing a reversal.
 
With the S&P 500 marking a fresh bear market low on Tuesday, down 24% for the year, traders and investors are searching for clues as to when the market may bottom out.
 
Trading in put contracts - typically used to protect against market losses - has surged, with a record 33.93 million put contracts changing hands on Friday alone.

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First Published: Sep 27 2022 | 11:21 PM IST

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