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HYG

HYG Global view WWe are very close to hit the resistance level 89 by wave (Z) of (WXYXZ) to complete the edge of B. It can take from couple of weeks to couple of months to hit the level. We expect the downtrend to start by summertime (May-June 2021) Afterwards the big-big sale of “junk bonds” will undoubtedly start along with deep correction on all the markets which will last till the end of the year 2021 In this case the HYG market might repeat the level of March 2009 - 62
AMEX:HYGShort
by profilart
1
OPENING (IRA): HYG DECEMBER 18TH 83 SHORT PUT... for a .36 credit. Notes: Although implied volatility really blows chunks here (30-day at 11.9%), looking to deploy some capital in an underlying I wouldn't mind acquiring for its dividend (current yield 4.94%). Here, selling in the expiry nearest 30 days 'til expiry for a credit that's approximately equal to the monthly dividend (currently .359). This should generate an annualized return approaching the dividend yield without being in the stock itself.
AMEX:HYG
by NaughtyPines
EDUCATION: SYNTHETIC DIVIDEND GENERATION VIA SHORT PUTI think everyone can generally agree that idle cash sitting in your account doesn't earn you much. Here are a couple of methodologies to deploy that capital to emulate dividend generation without being in the stock itself. For purposes of this exercise, I've chosen HYG, which is not only options liquid, but also has a decent dividend relative to the broader market. Currently, it's 4.92% annually, and its last monthly dividend was .359/share compared to SPY's annual yield of 1.59% and TLT's 1.57%. In the past, I've used several different methodologies to generate a yield approaching what the underlying is paying annually, depending on how much capital I wanted to or needed to tie up while waiting for opportunities. (a) The Once a Month/30 Days 'Til Expiry Option: When the next monthly is 30 days until expiry, sell the option paying greater than or equal to the current monthly dividend. Run it until expiry and allow the option to expire worthless and/or take on shares if in-the-money, and sell call against at the same strike as you sold the put. Manage thereafter as you would any ordinary covered call. This is potentially the least buying power intensive setup if you're just selling one contract per month and will necessarily be of short duration. (b) The Each and Every Weekly 30 Days 'Til Expiry Option: Each week, in the expiry nearest 30 days until expiry, sell the option paying greater than or equal to the current monthly dividend, again allowing each successive weekly option to expire worthless and/or take on shares if in-the-money, selling call against at the same strike as you sold the put, managing it thereafter as a covered call. Naturally, if you want to do something like this each and every week, doing, for example, one contract per week, you'd be tying up greater buying power and/or notional risk to do so. The upside: your longest duration is going to be 30 days. (c). The Laddering Out in Successive Monthlies Option: Instead of doing just the next monthly at 30 days until expiry, ladder out 30, 60, and 90 days until expiry, selling the put in each successive monthly expiry for an amount greater than or equal to the current monthly dividend. For example, sell the December 18th 83 for .38; the January 15th 80 for .42; and the February 19th 76 for .38. When the front month expires worthless, consider selling a new back month, again for a credit that is equal to or exceeds the monthly dividend. The downside to this methodology is that it is not only buying power intensive, it ties up buying power for greater duration.
AMEX:HYGEducation
by NaughtyPines
10
OPENING (IRA): HYG NOVEMBER 20TH 77 SHORT PUT... for a .66/contract credit. Notes: A starter position in "junk" at the 17 delta in the November cycle. The implied volatility here is quite low -- 15.7% for the 30-day, but I'm looking to eventually swap out my TLT position for something that pays more on a percentage basis. HYG's yield is currently 5.02% with a monthly dividend payment of .341, with the short put premium nearly twice that amount, so I'm fine with just keeping the premium versus actually being in the stock. TLT's yield is currently a paltry 1.62% with a monthly dividend of .18292 as of the last distribution.
AMEX:HYG
by NaughtyPines
HYG Bearish RSI Divergence 9/6/2020HYG or junk bonds at the daily view. This is a project that my trading team and I are conducting. This is 9 of 9 charts (available on Trading View) that searches for clues for an imminent correction by using both June and September 2020 cases. It's a comprehensive overview that connects the charts volatility , trends, divergences, credit, and currency strength. It seems that the credit markets had a bearish RSI divergence since August. It was too hard to see with candles. However, putting it as a line shows where the closing prices and closing RSI levels were. It seems that bearish RSI divergence finally played out in September's correction. Had I saw this earlier, I would've scaled in more VIX longs. Not sure how far this will go. However, HYG is at a critical level where it needs to maintain the trend supports or it's going to fall like a rock. If traders and the Fed are the sword (to prop the markets up), the credit markets are the shield that protects the major indices from selling off even more. If corporate credit breaks their vital supports, we might get more than just a small correction within the ES, NQ, and RTY.
AMEX:HYG
by Itsallsotiresome
HYG Calls SignalGot into HYG through flow bot in the trading group, looked at its chart and it has a lot of potential. I Called it out at 81.60 in the group chat, made 40% took profits and I am looking for another good entry, target will be 83.97, then 86, then, 86.66, then final is 88 The group chat is having a 20% sell for the 4th of july ( Use coupon code: "July4" ) and will go on until sunday the 5th. I would , love to see anyone who supports my posts join our group and make even more money with us as we grow richer and richer by the day: IF your interested join through DMing me. All you'll have to do is join the discord, then go to free chat room and type upgrade and set up your membership. And of course Direct message me with any questions you have!
AMEX:HYG
by GoEasyScoobs
HYG - High Yield US corporate bonds ETF s/r zonesHello traders, Description of the analysis: The ETF market for high-yielding corporate US bonds is currently in an important support area that was until recently a resistance. Resistance turned into support with a highly volatile upward movement supported by high volumes. This is a clear signal of a growing willingness to invest in riskier assets. This zone has a strong historical connection. If the market stays at or above this support, it means a positive outlook to allay market fears. The VIX index, as the main indicator of panic in the markets, is also slowly beginning to gradually return to its normal values. Market ties that were valid yesterday may not be valid tomorrow, so invest and trade wisely and carefully. About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (4 000 000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades. Jacob
AMEX:HYGLong
by Jacob_Kovarik
2
No V Shape Recovery Coming - I'll Give it Til FridayI don't believe this is going to be a V shape recovery like we say in December of 2018. I will give it until the end of Friday. At most Monday before we break out of the rising wedge and sh*t hits the fan if not earlier. The 4hr is still on a very healthy uptrend, so this doesn't mean we can't go higher in the short term here. There is a lot of confluence in the 280 - 285 level, in addition to the weekly EMA resistance being right above us which leave me to believe we may be very near the top. Especially if the 4hr doesn't break up higher soon, that would be a big red flag. Furthermore, earnings are coming up and in all likelihood they are going to be ugly and will dominate the news cycle driving prices down.
AMEX:SPYShort
by Coindicator
S&P 500: The data suggests a contrarian bullish view Unfortunately, I think that the easy returns have already been made, hedging and asset allocation will be very important moving forward . 1. Initial claims are a risk, however, it's wise to take fiscal stimulus and the specific unemployment per industry into consideration. - Unemployment benefit increases by $600 per week on top of the $384 national average. This works out to $25/h based on a 40-hour workweek. For context, Washington State has the highest minimum wage at $13.50/h. Households earning less than $99k per year are also entitled to $1,200 one time payment and $500 per child. 2. The Employment change by Industry implies that the unemployment numbers are heavily concentrated among "Leisure & Hospitality", and "Education & Healthcare". Given the details of the stimulus package, the incentivized caused bias for many of these workers is forced layoff because it is a quasi pay rise. This is dollars entering the system!!! Stimulus in 2009 - 2011 was concentrated in MBS and T-Bills meaning $$$ never left the financial markets. 3. Feds response was expected given the BoP issues that arise when asset prices fall. The pain threshold today versus 2008/09 is far lower. 4. Intervention by the Fed in high yield credit specifically alleviated default risk from levered corporations. 5. Since, high yield credit has returned 22.5% since March 23rd, outperforming a number of liquid equities. 6. Growth of M2 is EXPLODING, the YoY rate of change is likely to top out closer to 20% to 25%. This has outpaced the GFC, DotCom & crises from the early 80s. The expectation would be to see VoM2 start to rally OR a blow out of Gold to the upside. In 1933 FDR confiscated Gold in tandem with fiscal stimulus so that $$ were spend which would push growth and inflation higher. If VoM2 doesn't pick up, I would expect a special tax and/or a restriction on domestic Gold consumption. Russia have recently taken this step. 7. Fear, as measured by VIX, equalled the lows of GFC. 8. A move above a1.4 ratio on the 5-day moving average of PCC has coincided with a major low, indicating that fear has likely led to overshooting on the downside. So far this has worked for a 3rd time in a row. Suggesting that mid-March was a significant low. 9. Fear & Greed hit an all tie low of 1. 10. The manufacturing recession in 2019 is an important cornerstone to understand why we are in a very transitory deflation before much higher inflation in 2021. More likely stagflation. 11. Customer inventories have been wiped out, we are currently at similar lows to the DotCom bubble burst low in 2003 and not too far away from the GFC low in 2009. We now have lots of liquidity (M2 growth), but not enough supplies. This issue compounds as lockdowns continue. 12. New Orders for manufacturing ticked higher earlier in the year suggesting that manufacturing was ready to rebuild inventories until lockdown caused a transitory drop. Similar to hospitality jobs returning after lockdown, I would expect new orders pick up thus adding manufacturing job growth into 2021. 13. Production followed new orders higher with a big spike, again, adding to the idea that inventories will be rebuilt once lockdown ends. 14. Manufacturing labor markets have been shedding throughout 201 due to slow order growth, expect this to ramp up in time as social norms are back. 15. 65% of crude demand is gasoline, as the price collapses this acts as a quasi pay rise for consumers in the form of lower oil prices. With lockdown currently reducing demand by 18 million barrels per day, prices have collapsed more than 50% in a short period of time. Taking into consideration IEA purchases and OPEX+ agreement we are likely to see a cut of between 19 to 20 million barres. It's important to recognize that markets are future discounting mechanisms, what's in the price is a demand shock. The duration of oil cuts will matter, but it puts a floor under the price in the near term. A move from $20 to $30 over the next 12 months will add inflation to markets, given the volatility that's not out of the realms of possibility. 16. Tech developments that led to Shale oil ramp up disrupted the market. This recent crash has scaled back CAPEX dramatically, this capital is not likely to come back online until prices trade closer to breakeven at $49. 17. The rate of change in rig counts in the Permian Basin is collapsing. This is supply that will remain offline until prices trade back towards $49. Conclusion, inflation follows and I dont think many are prepared.
FX:SPX500
by UnknownUnicorn266486
1