Unusual Options Activity In SPDR Bloomberg Barclays High Yield Bond ETF, JNK

The SPDR Bloomberg Barclays High Yield Bond ETF, JNK seeks to provide investment results that correspond generally to the price and yield performance of the Bloomberg Barclays High Yield Very Liquid Index.

Analysts skeptical of calls for a trade-induced economic downturn say the resilience of so-called junk bonds shows the U.S. expansion has room to run, and that the growth worries emanating from an inversion of the Treasury yield curve — when short-term rates break historical norms and trade below their longer-term counterparts — have gone too far.

“So far, credit spreads have remained well behaved, which also suggests to us that the probability of an imminent slowdown is not high,” said Sean Darby, chief equity strategist for Jefferies, in a note dated last Thursday.


The volatility in global markets is causing the Smart Money to move their funds from riskier assets to safer havens.  Today I notice the Smart Money bought over 20,000 of the September $95 put and over 10,000 September $100 put options.

If price can breach the $105 level, look for price to at least fill the gap, with the next target being the weekly demand at $100.50.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

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