Stocks made a record high. Two big bearish trades point to skepticism
The Nasdaq-100 is up 15% since its July low and is now 2% above its previous record from June. The S&P 500, after a two-month-long battle with surging interest rates, is back trading at an all-time high. You’d think that resilience would be met with some fanfare. Instead, the two biggest options trades on the…