TRADERS BET BIG AGAINST SOFTWARE-EXPOSED LOAN ETF Options traders are piling into bearish bets on the Invesco Senior Loan ETF (BKLN), which has 18% exposure to software firms like McAfee and Proofpoint. Over three weeks, more than 400,000 put contracts were bought, the highest since 2023. Monday saw 30,000 April $20 puts and 50,000 mid-July puts purchased, with the fund down 1% to $20.44. Outflows over four weeks total nearly $1B. Investors are abandoning software rebound bets, signaling growing concern over AI-related risks in the sector.(*Walter Bloomberg)