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Just before a hotly contested US election considered a toss-up, options traders across markets appear to be reducing risk and bracing for more volatility.
Equity options volatility climbed through most of October even as the market’s swings were muted, in anticipation of not just the upcoming election but also earnings season and a Federal Reserve interest-rate decision. The race between Kamala Harris and Donald Trump is too close to call in the final days before the vote.
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