As the Friday morning trading ended, the S&P 500 was down 1.1%. That puts it down nearly 3% on the week. The war in Israel has investors moving to risk-off assets. However, despite the bad week, the index remains up more than 10% on the year with less than three months left.
Scanning the unusual options activity for Friday, Brookfield Corp. (BN) has a put option that looks particularly enticing. It is the Toronto-based investment firm’s only option with a volume of more than 1.25x the open interest.
