HYG (IShares high yield corporate bonds ETF) is one of the MVP study ETFs using VPM (momentum mode). One of the key features of MVP is its ability to identify periods of high probability to be vested and just as importantly..when NOT to be vested.
Below is a look at the VPM screens with the PCL filter tuned OFF and ON.
For trading purposes we use VPM with the filter OFF but the signal status with the filter ON is routinely checked to gauge the odds.
Note the note from the Schwab Options desk this afternoon regarding HYG.
Check the blue line of HYG (buy and hold track) on both charts and you may appreciate the thinking behind this option play.
NOTE: MVP introductory price ends this weekend.