I’m curious to everyone’s thoughts on HYG this week?
On the news Evergrande is dropping in China and it is known for its junk bonds.
HYG is a junk bond stock here in the US.
The options chain has crazy high Open interest this week both ITM and OTM to include over 200k contracts at the $95P stike.
To me it seems that someone in the know has been loading up on these puts but the implied volatitly is still super low due to the price being stable for so long.
If this has been discussed here I’m sorry and will delete.
If anyone has more info please share as I’m working off very basic options info I do not have any subscriptions for data points :(
Have a great Sunday everyone!
Submitted June 13, 2021 at 09:03AM by FindingKenny https://ift.tt/35hiW5m
