60k Puts bought on HYG

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by Particular-Wedding

Big bet against junk bonds with -.02 delta. A trader is betting that we will be seeing chaos in the fixed income/credit markets in under a month. Cheap hedge or just a speculative bet? I am guessing a bit of both. The strike targets a range just above the March 2020 lows.

For reference HYG hit 67.52 at a low in March


Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence or consult your financial professional before making any investment decision.


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