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Nasdaq 100 Hedging Costs Surge to Highest Level Since September
11/28/2025, 23:06
AI SUMMARY
●Hedging costs for Nasdaq 100 vs S&P 500 reach highest levels since September.
●The spread has widened to approximately 6 points according to market data.
●Relative protection costs for tech stocks have nearly doubled since July.
The Kobeissi Letter reports that hedging costs for technology stocks are surging, with the cost of hedging the Nasdaq 100 ($QQQ) against the S&P 500 ($SPY) reaching approximately 6 points. This marks the highest level observed since September 2024.
The data indicates that the relative cost of protection for tech stocks has almost doubled since July, suggesting increased caution among institutional participants regarding the tech sector.