A Mellow Short
As the VIX eases down into the lower 30s (!) I wanted to offer up a less wild and wooly short: HYG, the high yield corporate bond fund. It has a clean stop at 77.85 (I’ve set mine at 77.90; this is a new trade) and, frankly, doesn’t tend to move crazily like, say, oh, something like LLY.
Here’s the longer view.
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HYG tends to move with the SPY, although in a much more muted fashion.
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