Wall Street Traders Driving S&P 500 Records Loaded Up on Hedges
- Demand for protective options rises across U.S. stock market
- Hedging action comes ahead of historically volatile September
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Stocks may have just wrapped up August with 12 record closes, but Wall Street investors aren’t losing all self-control just yet.
Belying the near-extinction of short-sellers and fears of a market melt-up, options traders remain vigilant as the historically poor month of September for the S&P 500 looms. The index slipped 0.1% Tuesday, though August still gained 2.9%.