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HYG

iShares iBoxx High Yield Corporate Bond ETFClose $80.31EOD only
Max Pain
$80.00
Next expiry Jun 5, 2026
Expected Move
±$0.46
0.6% from close
Price Gap
-0.31
Distance to max pain
IV Rank
5
Low premium
P/C OI
3.80
Slightly put-heavy
Consensus
9.0/10
Bearish tilt
Published snapshot: May 29, 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 29, 2026 close
HYG AI Consensus Report
Analysis based on market close April 14, 2026
DirectionalTheta GangFlowEarningsConsensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

You are viewing an older report from April 14, 2026. A newer ai consensus report is available for May 26, 2026.

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Conviction
6.0

out of 10

Score 6 because structural dealer pinning and concentrated GEX give a real, actionable bias, but the conviction is capped by clear, active bearish flow and the risk of a fast gamma flip; low IV reduces hedging cost but raises tail vulnerability, so the signal is meaningful but fragile.

Where Perspectives Agree

Market is pinned to $80 by dealer gamma and positioning, creating a low-volatility, mean-reverting regime where premium sellers and defined-risk income strategies are favored so long as the pin holds.

Where They Diverge

Flow-driven institutional put accumulation and net negative premium flow create a latent downward pressure that directly contradicts the pin-as-permanent-support thesis — if flow intensifies it undermines dealer net short-gamma and can force a fast downside move; additionally, the low short-dated IV regime means a volatility shock would disproportionately harm naked premium sellers despite the pin.

Top Trade
via theta

Sell May 01 2026 $79/$77 put spread for credit (defined-risk theta income).

Key Risk

A decisive break and close below $79 triggers a dealer gamma flip and removes the pin, causing rapid downside to the $77–$74 cluster and invalidating short/neutral income trades.

How to Use These Reports
This ai consensus reflects the market close on April 14, 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.