Options investors are preparing for more volatility ahead despite last month's sharp rebound in U.S. stocks, reflecting doubts that markets will be quick to return to their former highs in the middle of the coronavirus pandemic.
But while the lightning-quick rebound has taken the S&P to within 16per cent of its all-time high, some investors are betting market gyrations may return in coming months as the economic consequences of the coronavirus become more apparent. Those wagers run counter to the expectations of more bullish market participants, who believe stocks are unlikely to revisit their March lows.
Such longer-term volatility would be consistent with past global crises, when markets were hit with multiple waves of selling over many months, investors said.
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