Wall Street traders rushed to buy hedging options on Monday

Glonghui June 9th｜According to Barchart data, on Monday, the put options volume of the VanEck Semiconductor Index ETF was 2.68 times the call options volume. Of the approximately $217 million in trading options premiums on Monday morning, over 10% of trades were concentrated on put options expiring August 21st with a strike price of $550. This strike price is about 7% lower than the current level ($598), indicating that traders are bearish on the fund over the next two months. At the same time, however, traders continue to make bullish bets on some potential winners, such as Marvell Technology, which is about to join the S&P 500 Index, as well as Intel and Cerebras.