Four exchange-traded funds (ETFs) are seeing notable options activity today, with iShares iBoxx $ High Yield Corporate Bond ETF (HYG), iShares MSCI Brazil ETF (EWZ), iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD), and State Street Utilities Select Sector SPDR ETF (XLU) all trading at elevated volume compared to their averages.
HYG is down 0.4% at $77.22, with 659,787 options exchanged so far, compared to its average volume of 351,278. This represents relative volume of 1.9, while options activity is leaning bullish with a positive net delta of 142,000.
EWZ is 0.3% lower at $36.10. So far, 473,845 options have crossed the tape, more than double the average volume of 230,575 for relative volume of 2.1. Options traders are leaning bearish, with net delta sitting at negative 568,000.
LQD is down 0.3% at $102.17, with 148,205 options exchanged compared to an average of 82,360. Its relative volume sits at 1.8, while net delta of 9,000 indicates a slight bullish tilt.
XLU is up 0.6% at $39.49. The ETF has seen 136,986 options exchanged so far, triple its average volume of 45,394. Options activity is bullish, with net delta sitting at 192,000.