@ralapcharley
Traders are aggressively buying Oct 2025-expiring put options amid surging bearish bets on short-term markets. Key drivers: Deteriorating labor data showing higher unemployment risks and lower earnings growth; Fed's 95% priced-in rate cut on Oct 29 signaling economic weakness; renewed US-China trade tensions eroding gains; and stubborn inflation amid political gridlock. This hedges against a potential 5-10% S&P 500 pullback by Q4 end.