A Junk Bond ETF Has Been an Easy Target for Bearish Options Traders
June 02, 2022 at 19:07 PM EDT
Traders are betting on more weakness in the high-yield bond market, taking on an increasingly bearish stance in a speculative-grade junk bond-related exchange traded fund. The $14.3 billion iShares iBoxx $ High Yield Corp Bond ETF (NYSEArca: HYG) saw almost 994,000 put contracts traded Wednesday,...