Cheap insurance

The old saying goes: “You do not buy insurance when your house is on fire.”. Investors currently judge the risk of a market correction as very low, at least when looking at the derivatives market. The current cost of insurance of a 3 months 95% S&P 500 put stands currently at 0.82 bps, the lowest in 15 years. If you want to buy cheap insurance for 3 months, it appears to be a good moment.