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HYG

iShares iBoxx High Yield Corporate Bond ETFClose $80.35EOD only
Max Pain
$80.00
Next expiry Apr 17, 2026
Expected Move
±$0.12
0.1% from close
Price Gap
-0.35
Distance to max pain
IV Rank
100
High premium
P/C OI
4.79
Slightly put-heavy
Consensus
6.5/10
Consensus signal
Published snapshot: Apr 16, 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
Apr 16, 2026 close
HYG AI Consensus Report
Analysis based on market close April 17, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
6.0

out of 10

6 because dealer gamma and concentrated OI create a credible pin and good short-premium setups, but the nearby gamma-flip level and an upcoming event/catalyst present a single binary tail that could invalidate short-vol positions quickly.

Where Perspectives Agree

Market is pinned around $80 with dealer long-gamma creating a short-vol, theta-rich environment and a modest downside bias toward the gamma-flip level.

Where They Diverge

Directional’s downside bias to a swift gamma-flip conflicts with an earnings/event persona (present in reports) that expects a binary move around upcoming catalyst — that event risk directly undermines aggressive short-vol/theta structures by making short premium unsafe; flow shows mixed institutional activity that could either reinforce the pin or convert into directional pressure, creating ambiguity.

Top Trade
via theta

Sell Jun 18 2026 iron-condor: sell $79/$73 put wing and sell $94/$96 call wing for net credit (theta persona).

Key Risk

Break and close below $79 (gamma-flip) triggers dealer delta unwind, removing the pin and accelerating downside toward ~$75 gap/support, which would invalidate the short-vol thesis.

Read the AI Analyst Consensus for HYG for 2026-04-17. This synthesis report combines directional, theta, flow, and earnings perspectives into one conviction view with setup, trigger, and invalidation context.