This might be one of the most accurate trends of seasonality in the VIX I could possibly find! Consider inflation, rising rates, a market bubble... A positive correlation between these three ideas tells me a glut of misused leverage and/or a wave of defaults is quite the prospectus for high volatility. I personally see this particular ETF inevitably tanking,...
@ options expiry means to sell or roll (note circles)
looking for further breakdown here after a down day on massive volume $JNK $HYG $SPY
With inflation rearing its head of late, and sectors of the economy prone to deteriorate due to coronavirus, narrow junk bond spreads will likely widen - pushing down the prices of high yield bonds.