Shares of SPDR Barclays Capital High Yield (JNK) ETF were even at 41.59 today.? JNK is trading near the 52 week high.
Today paper traded 5000 JNK Sep 41 put for .70 and 5000 JNK Jun 41 puts at .05.? The OI is 10k in Jun and 3512 in Sep.
The volume went up in 2 large blocks.? The puts were not marked spread but went up as buy writes.? This trade is most likely a long term holder of JNK rolling out some long puts.? The Sep puts were marking buy.
?30-day implied volatility is 7%.?? 10-day implied volatility is 1%.? 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).