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HYG

iShares iBoxx High Yield Corporate Bond ETFClose $80.01EOD only
Max Pain
$79.50
Next expiry Jun 26, 2026
Expected Move
±$0.31
0.4% from close
Price Gap
-0.51
Distance to max pain
IV Rank
100
High premium
P/C OI
3.75
Slightly put-heavy
Consensus
6.5/10
Bearish tilt
Published snapshot: Jun 18, 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 18, 2026 close
HYG AI Consensus Report
Analysis based on market close June 22, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
6.5

out of 10

6.5 not 7.5 because the bearish flow and negative net premium create a genuine risk of breaking the pin, lowering conviction from a pure pin trade. If flows shift neutral, conviction rises to 8.

Where Perspectives Agree

All personas converge on $80 as a pinning magnet supported by positive dealer gamma and max pain, but bearish flow and net short premium introduce downside risk.

Where They Diverge

Flow's bearish put-heavy sentiment conflicts with directional's neutral-to-slight-upside bias and theta's pinning assumption; net negative dealer premium (theta) undermines the pinning stability that directional relies on.

Top Trade
via theta

Sell 2026-07-17 $79/$78 put wing and $80/$81 call wing iron condor for $0.35 credit

Key Risk

Break below $79 flips dealer gamma from positive to negative, accelerating downside past $79 toward $78 or lower, invalidating the pinning thesis.

How to Use These Reports
This ai consensus reflects the market close on June 22, 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.