The cost of hedging against a potential stock market downturn has hit a 15-year low, according to research from Bank of America. On the other end of the spectrum, a call option's value typically rises when the S & P 500 goes up. Bank of America said that the cost of downside protection had fallen to a 15-year low, reaching 3.3% of a portfolio. The Global X S & P 500 Tail Risk ETF provides a potential alternative for those wanting to avoid trading options. This ETF offers exposure to the S & P 500 index, while using protective puts to mitigate significant sell-offs of more than about 10%.

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Persons: Benjamin Bowler Organizations: Bank of America, Bank of, Street