Tech stocks are diving, and traders have never been more scared of a massive meltdown

Tech stocks sold off broadly on Monday, dragging major US indexes lower, especially the Nasdaq 100, which lost as much as 1.9%.
Amid the selling, investors are paying the most ever for Nasdaq 100 downside protection on a one-month basis, relative to bets on further increases in the index.
That could end up being a saving grace for tech should pressures continue to mount. By comparison, hedges were nowhere near as elevated during the dot-com bubble.
Fresh off a rough week as the worst-performing