Nice island there. Will BKLN break out soon? I like the risk/reward here.
Many of you may not be familiar with leveraged loans and the ETFs that have become available to investors through funds over the last few years, but they are important to understand in order to have an edge over the rest of the markets these days - whether that's traditional equities, commodities, derivatives or crypto - as wealth preservation will be a big theme...
Wide credit spreads and raised risk of default in HY. 65bps mgmt fee on $BKLN - good holding a short.
With Huge Put options seen with BKLN with more than 63000 Contracts entered yesterday its expected to have a bearish direction toward 22.60 minimum with C wave target confirmed by 0-5 pattern