A Junk Bond ETF Has Been an Easy Target for Bearish Options Traders

Traders are betting on more weakness in the high-yield bond market, taking on an increasingly bearish stance in a speculative-grade junk bond-related exchange traded fund. The $14.3 billion iShares iBoxx $ High Yield Corp Bond ETF (NYSEArca: HYG) saw almost 994,000 put contracts traded Wednesday,...