3000/1500 JNK Aug 37/Sep 37 puts went up in 2 large blocks on the PHLX marked spread.
?Puts trade in JNK- just ATM puts roll???????????????????????????????
Shares of SPDR Barclays Capital High Yield (JNK) are down .03 to 37.15 today. ?JNK is near the middle of the 52 week range.
- Paper traded 3000/1500 JNK Aug 37/Sep 37 puts for .15 and .55.
- The ADV is 1368 contracts.
- The OI is 3366 and 2893 contracts.
The volume went up in 2 large blocks on the PHLX marked spread. ??The trader looks like they are rolling back on less volume as the drop in JNK did not quite materialize.? They do look like they are reducing size on this one but want to keep the short delta position.
- IV 30 is trading 10%.
- HV10 is trading for 4%.
- IV 30 is trading above the HV 10.
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). The Index includes publicly issued United States dollar denominated, non-investment grade, fixed-rate, taxable corporate bonds that have a remaining maturity of at least one year, regardless of optionality, are rated high-yield using the middle rating of Moody?s, S&P, and Fitch, respectively, and have $600 million or more of outstanding face value. Excluded from the Index are non-corporate bonds, structured notes with embedded swaps or other special features, private placements, bonds with equity-type features, floating-rate issues, Eurobonds, defaulted bonds, payment in kind (PIK) securities and emerging market bonds. The investment manager of the Fund is SSgA Funds Management, Inc. ?