23000 HYG Dec 80/84 put spreads went up in 2 blocks on the ARCA

HYG

Shares of iShares iBoxx High Yield Corp (HYG) is down .28 to 85.01. HYG is near the top of the 52 week range.

  • Paper traded 23000 HYG Dec 80/84 put spreads for .80. ?
  • ADV is 70062.?
  • The OI is over 63000 contracts.

The volume went up in 2 blocks on the ARCA marked spread.? The spread priced as buy to close and there are 40000 or so more to go.? The trader most likely got a good credit for the spread and is not looking to get out.?

  • IV 30 is trading for 11%.?
  • HV10 is trading for 4%.?
  • IV 30 is above the HV 10.

iShares iBoxx $ High Yield Corporate Bond ETF (the Fund), formerly iShares iBoxx $ High Yield Corporate Bond Fund, is an exchange-traded fund (ETF).