/biz/ - Business & Finance

HYG now has IV at 8%. This is about 70 percentile of the past years IV range
and 1.5x the average realized vol of the past year.
The IVR is lower at 23%, but this is likely thrown off from the massive spikes last year.

The goal here will be to short the put and if assigned collect the yield at a lower cost basis.
Hopefully the whole junk credit market doesn't implode. If it does the stock market will be cut in half by then.