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HYG

iShares iBoxx High Yield Corporate Bond ETFClose $76.98EOD only
Max Pain
$77.00
Next expiry Oct 9, 2026
Expected Move
±$0.30
0.4% from close
Price Gap
+0.02
Distance to max pain
IV Rank
12
Low premium
P/C OI
2.80
Slightly put-heavy
Consensus
4.5/10
Bearish tilt
Published snapshot: Oct 5, 2026 close
End-of-day snapshot

This page reflects HYG options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
Oct 5, 2026 close
HYG AI Consensus Report
Analysis based on market close June 26, 2026
DirectionalTheta GangFlowEarningsConsensus

Consensus-supported lens with chain history and key metrics in the rail.

Conviction
4.5

out of 10

4.5 not 6 because heavy put flow (7.35 p/c ratio) is a strong bearish signal that undermines the pinning regime; conviction would rise only if put flow subsides or price holds $79.

Where Perspectives Agree

All personas identify dealer gamma pinning near $80, but heavy put flow creates a bearish undercurrent, suggesting a rangebound tension with downside bias.

Where They Diverge

Directional sees neutral-to-bullish pinning, while Flow is explicitly bearish; Theta warns of break risk, directly contradicting the bullish pin thesis.

Top Trade
via directional

Sell 2026-07-17 $79/$60 put spread and $88/$92 call spread (iron condor) for net credit of $0.80.

Key Risk

Break below $79 gamma flip triggers dealer selling and accelerated decline to $78; invalidates all rangebound positions.

How to Use These Reports
This ai consensus reflects the market close on June 26, 2026.
What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.