URRE and MCP

I'm mostly looking at HYG and trying to decide whether it is wise to enter URRE and MCP for short term trades, I mean much shorter than our last long trades in each, for MCP I'm thinking about using  $7 calls, most likely 8/17 expiration, for URRE I could go with equity long or options.

Actually I think either one could be a straight stock purchase or a call option.

I'll likely enter half position in each to make 1 SPECULATIVE position.