SPDR Barclays High Yield Fund (JNK) loses 4 cents to $40.15 and 5,125 Dec 40 puts traded on the ETF so far today, against 1,766 in open interest. The largest trade is a 2392-lot for 80 cents when the market was 70 to 85 cents. Th acitivity appears to be opening buying and implied volatility is up .4 percent to 7.5. The junk bond fund is up 6.8 percent off early-June lows, but down 1.5 percent from the 52-week highs set 9/14. Today’s flow seems to reflect concerns about additional losses through mid-December.
Category: All ETFs
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.