Michael Purves

Michael Purves has been quoted 4 times. The one recent article where Michael Purves has been quoted is U.S. options market not very 'Trumped up' ahead of vote. Most recently, Michael Purves was quoted as having said, “If you think Trump will win, you want to get long SPX puts or long CBOE Volatility Index calls right now as protection.”.

Michael Purves quotes

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While the Dow hitting 20,000 is one of the least meaningful data points on my screen, it does suggest that the equity rally is pretty broad based. What's important is that the Dow is going up.

Gridlock is the most market friendly outcome, and that is what the options market seems to be anticipating.

There had been a modest premium bump for November options a few weeks ago, but that seems to have faded steadily with Trump's slide in polls.

If you think Trump will win, you want to get long SPX puts or long CBOE Volatility Index calls right now as protection.

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