Shares of the SPDR Barclays Capital High Yield ETF (JNK) are even today at 41.10.? JNK is trading near the 52-week high.
Today paper traded 5000 JNK Jun 41 puts for .90-.95.? The ADV is 730 contracts.? The OI is 156 contracts.
The volume traded several large blocks on or near the offer.? The paper went up on the PHLX with some tagged as a buywrite which is incongruent with the paper trading on the offer.? It is possible that these are a puts tied to stock trade and in that case would be looking for higher prices or a big move in JNK.
30-day implied volatility is 5.5%.? ?10-day implied volatility is 3.5%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
SPDR Barclays High Yield Bond ETF (the Fund), formerly SPDR Barclays Capital High Yield Bond ETF, seeks to provide investment results that correspond to the price and yield performance of the Barclays Capital High Yield Very Liquid Index (the Index).