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HYG

iShares iBoxx High Yield Corporate Bond ETFClose $79.84EOD only
Max Pain
$80.00
Next expiry Jun 5, 2026
Expected Move
±$0.29
0.4% from close
Price Gap
+0.16
Distance to max pain
IV Rank
6
Low premium
P/C OI
3.85
Slightly put-heavy
Consensus
9.0/10
Bearish tilt
Published snapshot: Jun 1, 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
Jun 1, 2026 close
HYG AI Consensus Report
Analysis based on market close April 15, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from April 15, 2026. A newer ai consensus report is available for May 26, 2026.

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Conviction
6.5

out of 10

6.5 because dealer short-gamma and concentrated put positioning materially bias price toward the $80/$81 magnet, but conviction is capped by evident institutional flow that could absorb gamma and by broad risk-on tape which can quickly flip the short-call pain dynamics — not high enough to ignore event risk from macro moves into weekly expiries.

Where Perspectives Agree

Market positioning and dealer gamma create a clear pin into the $80/$81 area — positioning and negative GEX make mean-reversion back to that magnet the path of least resistance while creating asymmetric downside if the level fails.

Where They Diverge

Flow vs. directional: directional sees dealer short-gamma and put-heavy OI locking price at the pin, while flow signals (large buy-side accumulation and recent aggressive fills) imply institutional accumulation that would absorb downside and favor a gentle grind higher; those two views are incompatible because strong institutional buying would neutralize the dealer-driven pin and reduce the likelihood of a gamma‑induced cascade. Theta is aligned with collecting premium into the pin; it does not directly conflict but is vulnerable if flow buys overwhelm and push spot above short-call pain.

Top Trade
via theta

Sell Apr 17 $80.50/$84.00 call spread for a credit (short-term defined-risk call spread into the pin).

Key Risk

A decisive break and close below $79.00 — triggering a gamma flip where dealers stop pinning and accelerate selling — would invalidate the pin thesis and likely cascade price toward the next structural support near $74 with rapid downside.

How to Use These Reports
This ai consensus reflects the market close on April 15, 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.