期权交易员加码做空软件公司贷款ETF，规模创2023年来新高

Group 1 - The core sentiment in the market indicates a growing pessimism towards the software industry, leading traders to heavily bet against software company loans through record levels of put options on ETFs like Invesco's BKLN [1] - The BKLN ETF has approximately 18% exposure to software company loans, including notable firms like McAfee and Proofpoint, which has driven the surge in bearish bets [1] - Over the past three weeks, the total number of put options on BKLN has exceeded 400,000 contracts, marking the highest open interest in put options since 2023 [1] Group 2 - Recent market transactions reflect investor pessimism, with a notable purchase of 30,000 put options for BKLN with a strike price of $20, indicating expectations of a 3.5% decline [2] - An additional 50,000 put options were traded, betting on a similar decline in the ETF by mid-July [2] Group 3 - The BKLN ETF has seen a decline of about 1% to $20.44, reaching its lowest point since April 10, 2022, and has experienced continuous outflows totaling nearly $1 billion over the past four weeks [3] - Investors are increasingly hedging against the ETF's decline by purchasing put options, with a total of 250,000 put options bought for July expiration [3] Group 4 - Market sentiment has shifted from speculation on a rebound in software stocks to a complete abandonment of bullish positions, as evidenced by the selling of call options on the iShares Expanded Tech-Software ETF (IGV) [4] - This selling action indicates that investors no longer expect a short-term rebound in the software sector, reflecting a broader capitulation in market sentiment [4]