Worthless Lottery Ticket Idea for the Month

JNK, the junk bond ETF.  In the crash, it fell from 48 to 28 in a month.  It's been rebounding with the rising market and lower rates, but has barely moved in the past 6 months.  Except... that it's crawling along in a little rising wedge that's about to play out. 

I don't know anything about this particular ETF.  But, it's trading at 40.85, a measly buck from where it crashed.  Since I expect a big selloff, a credit crunch and rising interest rates -- not necessarily in that order -- this could be a decent way to participate.  The June 39 puts are trading for .10, Sept for a little more.