Investors Bet Against Rate Cuts Ahead of Fed Meeting
TL;DR Summary
Options traders are placing bets against First Republic, PacWest, and other regional banks ahead of the Federal Reserve's interest-rate decision. First Republic saw a surge in put options trading, with nearly three-fourths of trades being put options. PacWest and Western Alliance also saw record options days, with the SPDR S&P Regional Banking ETF seeing its second-highest daily option volume.
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- View Full Coverage on Google News
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