Major Move Is Coming For iShares iBoxx $ High Yid Corp Bond (ETF) After Bearish Options Activity

 Major Move Is Coming For iShares iBoxx $ High Yid Corp Bond (ETF) After Bearish Options Activity

In today’s session iShares iBoxx $ High Yid Corp Bond (ETF) (HYG) recorded an unusually high (29,870) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious HYG decrease. With 29,870 contracts traded and 704164 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: HYG161021P00086000 closed last at: $0.45 or 32.8% down. The ETF decreased 0.17% or $0.15 on October 4, hitting $86.67. iShares iBoxx $ High Yid Corp Bond (ETF) (NYSEARCA:HYG) has risen 7.29% since March 1, 2016 and is uptrending. It has underperformed by 1.95% the S&P500.

iShares iBoxx $ High Yield Corporate Bond ETF , formerly iShares iBoxx $ High Yield Corporate Bond Fund, is an exchange-traded fund (ETF). The ETF has a market cap of $17.11 billion. The Fund seeks to track the investment results of the Markit iBoxx USD Liquid High Yield Index (the Index), which is a rules index consisting of liquid the United States dollar-denominated, high yield corporate bonds for sale in the United States, as determined by the index provider. It has a 20.76 P/E ratio. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, industrials, and gas and oil companies.

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