Traders are reaching for bets that would pay out if haywire stretch for markets continues
Investors are scrambling to protect against the possibility of a protracted stock-market downturn.
The collapse of three banks in the past week has exacerbated a bout of recent volatility that has quickly crested through stock, bond and derivatives markets. Many traders are reaching for bets that would pay out if the haywire stretch for U.S. markets continues.
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