thetaOwl

HYG

iShares iBoxx High Yield Corporate Bond ETFClose $79.86EOD only
Max Pain
$79.50
Next expiry May 22, 2026
Expected Move
±$0.31
0.4% from close
Price Gap
-0.36
Distance to max pain
IV Rank
9
Low premium
P/C OI
3.92
Slightly put-heavy
Consensus
7.5/10
Bearish tilt
Published snapshot: May 20, 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 20, 2026 close
HYG AI Consensus Report
Analysis based on market close May 19, 2026

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

You are viewing an older report from May 19, 2026. A newer ai consensus report is available for May 20, 2026.

View latest report
Conviction
8.0

out of 10

8 not 9 because low VIX and pinning at $80 could mute downside despite bearish flow; a break below $79 would raise conviction to 9.

Where Perspectives Agree

Bearish pin to $80 with dealer short-gamma amplifying break below $79 support.

Where They Diverge

Flow indicates aggressive put buying targeting $79, while theta's high confidence in put credit spread at $79/$78 assumes the pin holds — if flow accelerates, that spread may get tested early.

Top Trade
via directional

Buy 2026-06-05 $79/$77 bear put spread for $0.80 debit — profits from decline to $79, defined risk, and aligns with flow selling pressure.

Key Risk

Break below $79 support flips dealer gamma long, triggering stop-loss selling and acceleration to $77 gap fill.

How to Use These Reports
This ai consensus reflects the market close on May 19, 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.