Trading in bank index options has surged as bank stock investors seek ways to insulate their portfolios amid rising uncertainty over the federal budget and interest rates.

Through the first nine trading days of 1996, the Chicago Board Options Exchange has recorded 13,634 S&P bank index trades, nearly matching the 17,712 trades for all of December.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.