Could start buying HYG here. However... they might look like an opportunity here but like everything this year they could get hit more. The avg yield spread in high yield has widened by more than 200bps. Avg yield spread is ~550bps and compensating default risk. It all depends where you look for HY I guess. Avg price for HY bond in US is ~86 cents on the dollar.
What are your thoughts on $RBLX? This is one I daytrade almost daily & would love to hear your take. It is higher beta but I like the liquidity & movement in premiums on directional pushes. Also, we're see quite a few stocks with very high short percentages. Should we see a bear market rally, are there any you'd be watching for short covering? BYND for example (~40% short)
If you want to capture beta then sure its a fun stock. I think the recent short covering has already happened. In a down trend I don't try to catch the falling knife! If I do join in on a covering... I do enjoy playing SQ. RBLX is a single digit stock IMO.
You could also short 100 shares of RBLX here @ 35... then on a dip down write puts against the position.
Any opinion on high yield bonds ?
Could start buying HYG here. However... they might look like an opportunity here but like everything this year they could get hit more. The avg yield spread in high yield has widened by more than 200bps. Avg yield spread is ~550bps and compensating default risk. It all depends where you look for HY I guess. Avg price for HY bond in US is ~86 cents on the dollar.
I guess HY is providing an opportunity here.
What are your thoughts on $RBLX? This is one I daytrade almost daily & would love to hear your take. It is higher beta but I like the liquidity & movement in premiums on directional pushes. Also, we're see quite a few stocks with very high short percentages. Should we see a bear market rally, are there any you'd be watching for short covering? BYND for example (~40% short)
If you want to capture beta then sure its a fun stock. I think the recent short covering has already happened. In a down trend I don't try to catch the falling knife! If I do join in on a covering... I do enjoy playing SQ. RBLX is a single digit stock IMO.
You could also short 100 shares of RBLX here @ 35... then on a dip down write puts against the position.
I like trading it down as well and it's seen a fairly sizable rally after making lows into the 20s, thanks for the tip!