Short JNK
Spreads are far too tight considering current credit quality. Oil is not cooperating, and although it's being used as a duration haven, I believe high yield bonds are poised to take a bath here. Short to 35, and take half with a tight trail. ATM Sep puts may be the best way to play it, with a 8/1 risk reward.
TA shows ascending wedge exhaustion on the retest, with a price vacuum below to what I see as a well supported level at 35.
TA shows ascending wedge exhaustion on the retest, with a price vacuum below to what I see as a well supported level at 35.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.