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HYG

iShares iBoxx High Yield Corporate Bond ETFClose $79.43EOD only
Max Pain
$80.00
Next expiry Jun 12, 2026
Expected Move
±$0.54
0.7% from close
Price Gap
+0.57
Distance to max pain
IV Rank
13
Low premium
P/C OI
3.78
Slightly put-heavy
Consensus
9.0/10
Bearish tilt
Published snapshot: Jun 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
Jun 5, 2026 close
HYG AI Consensus Report
Analysis based on market close April 21, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from April 21, 2026. A newer ai consensus report is available for June 5, 2026.

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Conviction
6.5

out of 10

6.5 because GEX and positioning align on a downside bias but contradicted by reported buy-side accumulation and low IV that limits move magnitude; that conflict prevents a higher score.

Where Perspectives Agree

Mildly bearish toward the ~$78 gamma-flip: dealer short-gamma and put-heavy positioning make a measured downside the path of least resistance into near expiries.

Where They Diverge

Flow indicates institutional accumulation and buy-side bids that would absorb put pressure and support HYG — this directly contradicts the directional downside thesis and would mute theta returns if sustained.

Top Trade
via theta

Sell May 15 $81/$83 bear call spread for ~$0.30 credit

Key Risk

Sustained break and hold above $83.00 flips dealer exposure, triggers short-covering and upside acceleration to ~ $86 — this level invalidates the bearish thesis and collapses the trade's edge.

How to Use These Reports
This ai consensus reflects the market close on April 21, 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.