Pro traders scramble for protection in ‘warp speed’ market, spur quadrupling of S&P 500 hedge cost
A trader walks by the New York Stock Exchange (NYSE) on the first day that traders are allowed back onto the historic floor of the exchange on May 26, 2020 in New York City.
Spencer Platt | Getty Images
Traders baffled by the unprecedented market whipsaw are scrambling to buy protection against more rough sledding ahead.
It’s only June, and investors had already experienced the fastest…