Shares of SPDR Barclays Capital High Yield (JNK) are trading 41.19 today unchanged. JNK is at the top of the 52-week range.
Today paper traded 4565 JNK Apr 41 puts for .25-.30.? The ADV is 766 contracts.? The OI is 4075 contracts.
The volume went in a dozen or so blocks on different exchanges.? The trade looks like a closing short put with JNK trading near the top of the 52 week range.? UA highlighted a put and stock buyer a couple of weeks ago.? This could be a trader taking some profits off the table.
30-day implied volatility is 5.62%.?? 10-day implied volatility is 3.53%.? 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).