Fed Options Trade Earns $10 Million as Oil Upends Rate-Cut Views

This month’s surge in oil prices and the market’s move to ratchet back expectations for Federal Reserve policy easing have generated a $10 million profit for one options bet in...

By Edward Bolingbroke · Bloomberg Markets

This month’s surge in oil prices and the market’s move to ratchet back expectations for Federal Reserve policy easing have generated a $10 million profit for one options bet in short-term interest rates.