Two weeks ago, on July 27, just as the S&P hits 2023 highs above 4,600, we showed readers that according to the BofA’s derivatives team which houses some of the brightest minds on Wall Street, it had never been cheaper to hedge against a market crash…
… which was a timely opportunity to hedge cheaply against a sharp market drop, one which the BofA derivatives team said is likely for several reasons:
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https://www.zerohedge.com/markets/ultimate-crash-hedge-derivatives-guru-reveals-trade-returning-8x-if-stocks-tumble-25
