Speculation in tech derivatives points to wild swings
Posted on AllSides September 3rd, 2020
From The Center
A speculative frenzy in derivatives on US technology stocks is rippling through financial markets, signalling more large swings in the coming months after a rally that has broken records.
Expectations for future volatility in the Nasdaq 100, a benchmark dominated by Apple and a handful of other tech giants, soared to a 16-year high relative to the rest of the market this week, ahead of a sharp market sell-off that hit stocks on Thursday.
Apple, Microsoft, Amazon and Alphabet were all hit by the sell-off.
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