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HYG

iShares iBoxx High Yield Corporate Bond ETFClose $79.91EOD only
Max Pain
$79.50
Next expiry May 29, 2026
Expected Move
±$0.41
0.5% from close
Price Gap
-0.41
Distance to max pain
IV Rank
4
Low premium
P/C OI
3.83
Slightly put-heavy
Consensus
9.0/10
Bearish tilt
Published snapshot: May 22, 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
May 22, 2026 close
HYG AI Consensus Report
Analysis based on market close May 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
9.0

out of 10

9/10 because all signals align with high confidence; only discount due to low VIX suggesting limited panic, but flow and gamma support steady downside.

Where Perspectives Agree

All personas agree on a bearish thesis — dealer gamma is negative, flow shows heavy put buying, and theta confirms elevated put IV, reinforcing downside toward $79.

Where They Diverge

No material conflicts — all perspectives are aligned on bearish direction and structure.

Top Trade
via theta

Buy 2026-07-17 $79/$77 bear put spread for net debit — profits from decline to $79, defined risk, and benefits from elevated put skew.

Key Risk

Break below $79 flips dealer gamma to long, removing downside catalyst and potentially triggering short covering — risk of reversal to $80+.

How to Use These Reports
This ai consensus reflects the market close on May 22, 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.