What’s Ahead for SPDR Barclays Capital High Yield Bnd ETF After Today’s Bearish Options Activity?

 What's Ahead for SPDR Barclays Capital High Yield Bnd ETF After Today's Bearish Options Activity?

In today’s session SPDR Barclays Capital High Yield Bnd ETF (JNK) recorded an unusually high (586) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious JNK decrease. With 586 contracts traded and 164054 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: JNK170120P00036000 closed last at: $0.85 or 19% down. SPDR Barclays Capital High Yield Bnd ETF (NYSEARCA:JNK) has risen 6.80% since March 14, 2016 and is uptrending. It has outperformed by 1.19% the S&P500.

SPDR Barclays High Yield Bond ETF , 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). The ETF has a market cap of $12.24 billion. The Index includes publicly issued United States dollar denominated, non-investment grade, fixed-rate, taxable corporate bonds that have a remaining maturity of at least one year, regardless of optionality, are rated high-yield using the middle rating of Moody’s, S&P, and Fitch, respectively, and have $600 million or more of outstanding face value. It currently has negative earnings. Excluded from the Index are non-corporate bonds, structured notes with embedded swaps or other special features, private placements, bonds with equity-type features, floating-rate issues, Eurobonds, defaulted bonds, payment in kind (PIK) securities and emerging market bonds.

More notable recent SPDR Barclays Capital High Yield Bnd ETF (NYSEARCA:JNK) news were published by: Benzinga.com which released: “EM Bond ETFs Are Still Attractive” on October 07, 2016, also Etfdailynews.com with their article: “Fed Meeting Spurs Huge Outflows in High-Yield Bond ETFs” published on September 20, 2016, Benzinga.com published: “Jumping For Junk: High-Yield Bond ETF Volume Rises” on April 12, 2016. More interesting news about SPDR Barclays Capital High Yield Bnd ETF (NYSEARCA:JNK) were released by: Etfdailynews.com and their article: “Guess What Happened The Last Time Junk Bonds Started Crashing Like This?” published on December 09, 2015 as well as Benzinga.com‘s news article titled: “This High Yield Indicator Is Predicting A 100% Probability Of A Stock Market Spike” with publication date: May 07, 2016.

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