Today's OI Read — HYG
Where the walls are, where price sits, and what the dealer positioning implies for High Yield Bond ETF
Outside the dominant wall range — directional momentum more likely than mean reversion.
Near or below average — wall levels carry typical structural weight.
Above 1.2 — more put OI than calls. Hedging demand elevated; market participants are positioned defensively.
The highest OI concentration strike — the structural anchor dealers are most committed to hedging.
Price is above the dominant wall — acts as support.
Put-heavy at the dominant wall — put sellers defend this level. Acts as structural support/magnet.
Today's Top Setup — HYG
SQUEEZE, PIN, and CAGE scored 0–100 from OI structure. Highest score = today's highest-conviction setup.
Strength scores are locked
PROSee exactly which setup is most likely — and by how much
Top OI Walls
Largest open interest concentrations · sorted by strike price
| Rank | Strike | Call OI | Put OI | Total OI | P/C | % of Max |
|---|---|---|---|---|---|---|
| #4 | $80 Resistance | 806 | 1,680 | 2,486 | 2.08 |
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▶ $79.90
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| #2 | $80 Support | 1,666 | 5,503 | 7,169 | 3.30 |
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| #1 | $79 Support | 0 | 19,619 | 19,619 | — |
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| #3 | $78 Support | 0 | 2,711 | 2,711 | — |
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| #5 | $77 Support | 0 | 12 | 12 | — |
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SQUEEZE / PIN / CAGE Setup Backtest — HYG
Last 50 sessions — which setup fired, what the score was, and whether it hit. See the actual win/loss record.