Sell Signal: HYG (78.85) Option: June 19th $78P (3.15-3.30) HYG fell from $88 to $68 with the general market's first leg down in March. As with the market averages it has retraced about half of that decline and is now turning back down. The trade is essentially shorting junk bonds. Looking around the empty streets of America, that may not be a bad idea for the months ahead.
