HYG Gamma Squeeze, Pin & Wall Analysis

HYG High Yield Bond ETF $79.87 +0.06% (updated 2026-05-12)

Today's OI Read — HYG

Where the walls are, where price sits, and what the dealer positioning implies for High Yield Bond ETF

In Between Walls?

$77

2ND

$79

DOM

$79.87

Outside the dominant wall range — directional momentum more likely than mean reversion.

Magnet Strength Details →

3.76× Very High (>2×)

Current OI 2,128,786

30d Avg OI 565,901

Elevated OI — dealers carry larger hedges, making price walls structurally stronger.

Put/Call Ratio

3.69

PUT HEAVY

Above 1.2 — more put OI than calls. Hedging demand elevated; market participants are positioned defensively.

Dominant Wall

$79

▼ Below spot

The highest OI concentration strike — the structural anchor dealers are most committed to hedging.

Distance to #1 Wall

$+0.87

+1.09%

Price is above the dominant wall — acts as support.

Wall Skew

-1.000

PUT HEAVY

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.

PIN — 53.7% hit rate (n=1,719). CAGE — 45.4% (n=1,161). SQUEEZE — 49.5% (n=5,555). Half hit, half don't — the edge is asymmetric payoff.

Strength scores are locked

PRO

See exactly which setup is most likely — and by how much

Unlock

🚀 SQUEEZE

candidate

Strength ██%

5d horizon

Target · Stock pops ≥+5% within 10 trading days — the kind of move where the winners run far enough to outweigh the misses.

📌 PIN

AUC 0.83 measured

Strength ██%

1d horizon

Target · Price closes within 0.5% of $79 (dom strike) by +1d.

↔ CAGE

AUC 0.55 measured

Strength ██%

5d horizon

Target · Price stays between $77 – $79 through +5d.

Top OI Walls

Largest open interest concentrations · sorted by strike price · * OI projected from prior day

2026-05-12

Rank	Strike	Call OI	Put OI	Total OI	P/C	% of Max
#5	$81 Resistance	251,733	11,854	263,587	0.05	64%
#3	$80 Resistance	62,533	225,735	288,268	3.61	69%
▶ $79.87
#1	$79 Support	0	415,027	415,027	—	100%
#2	$77 Support	0	318,719	318,719	—	77%
#4	$76 Support	0	285,141	285,141	—	69%

Dealer Magnet Strength

When total OI is elevated vs its 30-day rolling average, dealer hedging is heavier — walls act like magnets. Very High = stronger PIN / CAGE conviction. Near-normal = weaker structural hold.

Current Magnet Strength

Very High (>2×)

Low (<0.7×)

79.3%

284 days · 1d

Normal (0.7–1×)

91.7%

13 days · 1d

Elevated (1–1.5×)

91.7%

12 days · 1d

High (1.5–2×)

100.0%

5 days · 1d

Very High (>2×)

88.6%

89 days · 1d

Containment Rate by OI Magnitude Bucket

OI ratio = today's total OI ÷ 30-day rolling average. Does elevated OI predict price staying inside the dominant wall range?

OI Level	Days	1d	2d	5d	10d	20d
Low (<0.7×)	284	79.3%	74.3%	65.1%	54.6%	46.4%
Normal (0.7–1×)	13	91.7%	83.3%	58.3%	50.0%	50.0%
Elevated (1–1.5×)	12	91.7%	91.7%	66.7%	50.0%	16.7%
High (1.5–2×)	5	100.0%	80.0%	80.0%	60.0%	40.0%
Very High (>2×)	89	88.6%	88.5%	79.1%	73.3%	71.4%

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.

0 days ·

Min Strength 60

Magnet:

2026-05-05

📌 PIN

Strength 55%

Magnet

Floor $80

Ceiling $80

Range 0.6%

✓ Hit

Win Criteria

Close within 0.5% of $80 by end of day

What Happened

$80.16

+0.30%

2026-05-04

📌 PIN

Strength 55%

Magnet

Floor $80

Ceiling $80

Range 0.6%

✗ Miss

Win Criteria

Close within 0.5% of $80 by end of day

What Happened

$79.92

+0.15%

Closed 0.7% from wall (need ≤0.5%) — moved +0.2%

2026-05-01

📌 PIN

Strength 55%

Magnet

Floor $80

Ceiling $80

Range 0.6%

✗ Miss

Win Criteria

Close within 0.5% of $80 by end of day

What Happened

$79.80

-0.32%

Closed 0.9% from wall (need ≤0.5%) — moved -0.3%

2026-04-30

📌 PIN

Strength 75%

Magnet

Floor $80

Ceiling $80

Range 0.6%

✗ Miss

Win Criteria

Close within 0.5% of $80 by end of day

What Happened

$80.06

-0.40%

Closed 0.5% from wall (need ≤0.5%) — moved -0.4%

2026-04-29

📌 PIN

Strength 90%

Magnet

Floor $80

Ceiling $80

Range 0.6%

✓ Hit

Win Criteria

Close within 0.5% of $80 by end of day

What Happened

$80.38

+0.31%

2026-04-28

📌 PIN

Strength 90%

Magnet

Floor $80

Ceiling $80

Range 0.6%

✓ Hit

Win Criteria

Close within 0.5% of $80 by end of day

What Happened

$80.13

-0.34%

2026-04-27

📌 PIN

Strength 55%

Magnet

Floor $80

Ceiling $80

Range 0.6%

✓ Hit

Win Criteria

Close within 0.5% of $80 by end of day

What Happened

$80.40

-0.14%

2026-04-24

📌 PIN

Strength 55%

Magnet

Floor $80

Ceiling $80

Range 0.6%

✗ Miss

Win Criteria

Close within 0.5% of $80 by end of day

What Happened

$80.51

+0.04%

Closed 0.6% from wall (need ≤0.5%) — moved +0.0%

2026-04-23

📌 PIN

Strength 65%

Magnet

Floor $80

Ceiling $81

Range 1.2%

✗ Miss

Win Criteria

Close within 0.5% of $81 by end of day

What Happened

$80.48

+0.14%

Closed 0.6% from wall (need ≤0.5%) — moved +0.1%

2026-04-22

📌 PIN

Strength 65%

Magnet

Floor $80

Ceiling $81

Range 1.2%

✗ Miss

Win Criteria

Close within 0.5% of $81 by end of day

What Happened

$80.37

-0.16%

Closed 0.8% from wall (need ≤0.5%) — moved -0.2%

2026-04-21

📌 PIN

Strength 80%

Magnet

Floor $80

Ceiling $80

Range 0.6%

✗ Miss

Win Criteria

Close within 0.5% of $80 by end of day

What Happened

$80.50

+0.16%

Closed 0.6% from wall (need ≤0.5%) — moved +0.2%

2026-04-20

📌 PIN

Strength 65%

Magnet

Floor $80

Ceiling $81

Range 1.2%

✗ Miss

Win Criteria

Close within 0.5% of $81 by end of day

What Happened

$80.37

-0.26%

Closed 0.8% from wall (need ≤0.5%) — moved -0.3%

2026-04-17

📌 PIN

Strength 75%

Magnet

Floor $80

Ceiling $81

Range 1.2%

✗ Miss

Win Criteria

Close within 0.5% of $81 by end of day

What Happened

$80.58

-0.09%

Closed 0.5% from wall (need ≤0.5%) — moved -0.1%

2026-04-16

📌 PIN

Strength 35%

Magnet

Floor $77

Ceiling $79

Range 2.5%

✗ Miss

Win Criteria

Close within 0.5% of $79 by end of day

What Happened

$80.65

+0.37%

Closed 2.1% from wall (need ≤0.5%) — moved +0.4%

2026-04-15

📌 PIN

Strength 35%

Magnet

Floor $77

Ceiling $79

Range 2.5%

✗ Miss

Win Criteria

Close within 0.5% of $79 by end of day

What Happened

$80.35

-0.14%

Closed 1.7% from wall (need ≤0.5%) — moved -0.1%

2026-04-14

📌 PIN

Strength 35%

Magnet

Floor $77

Ceiling $79

Range 2.5%

✗ Miss

Win Criteria

Close within 0.5% of $79 by end of day

What Happened

$80.46

-0.05%

Closed 1.8% from wall (need ≤0.5%) — moved -0.0%

2026-04-13

📌 PIN

Strength 35%

Magnet

Floor $77

Ceiling $79

Range 2.5%

✗ Miss

Win Criteria

Close within 0.5% of $79 by end of day

What Happened

$80.50

+0.30%

Closed 1.9% from wall (need ≤0.5%) — moved +0.3%

2026-04-10

📌 PIN

Strength 35%

Magnet

Floor $77

Ceiling $79

Range 2.5%

✗ Miss

Win Criteria

Close within 0.5% of $79 by end of day

What Happened

$80.26

+0.38%

Closed 1.6% from wall (need ≤0.5%) — moved +0.4%

2026-04-09

📌 PIN

Strength 75%

Magnet

Floor $78

Ceiling $80

Range 2.5%

✓ Hit

Win Criteria

Close within 0.5% of $80 by end of day

What Happened

$79.96

-0.40%

2026-04-08

📌 PIN

Strength 35%

Magnet

Floor $79

Ceiling $80

Range 0.6%

✗ Miss

Win Criteria

Close within 0.5% of $79 by end of day

What Happened

$80.28

+0.11%

Closed 1.6% from wall (need ≤0.5%) — moved +0.1%

2026-04-07

📌 PIN

Strength 75%

Magnet

Floor $79

Ceiling $80

Range 0.6%

✗ Miss

Win Criteria

Close within 0.5% of $80 by end of day

What Happened

$80.19

+0.59%

Closed 0.9% from wall (need ≤0.5%) — moved +0.6%

2026-04-06

📌 PIN

Strength 75%

Magnet

Floor $79

Ceiling $80

Range 0.6%

✓ Hit

Win Criteria

Close within 0.5% of $80 by end of day

What Happened

$79.72

+0.03%

2026-04-02

📌 PIN

Strength 35%

Magnet

Floor $78

Ceiling $79

Range 1.3%

✗ Miss

Win Criteria

Close within 0.5% of $78 by end of day

What Happened

$79.70

+0.18%

Closed 2.1% from wall (need ≤0.5%) — moved +0.2%

2026-04-01

📌 PIN

Strength 35%

Magnet

Floor $78

Ceiling $79

Range 1.3%

✗ Miss

Win Criteria

Close within 0.5% of $78 by end of day

What Happened

$79.56

+0.24%

Closed 2.0% from wall (need ≤0.5%) — moved +0.2%

2026-03-31

📌 PIN

Strength 35%

Magnet

Floor $78

Ceiling $79

Range 1.3%

✗ Miss

Win Criteria

Close within 0.5% of $78 by end of day

What Happened

$79.37

-0.24%

Closed 1.7% from wall (need ≤0.5%) — moved -0.2%

2026-03-30

↔ CAGE

Strength 35%

Magnet

Floor $76

Ceiling $78

Range 2.5%

✓ Hit

Win Criteria

Stay inside $76–$78 for 5 days

What Happened

$79.72

+1.15%

2026-03-27

📌 PIN

Strength 55%

Magnet

Floor $78

Ceiling $79

Range 1.3%

✗ Miss

Win Criteria

Close within 0.5% of $78 by end of day

What Happened

$78.81

+0.11%

Closed 1.0% from wall (need ≤0.5%) — moved +0.1%

2026-03-26

📌 PIN

Strength 75%

Magnet

Floor $79

Ceiling $80

Range 0.6%

✓ Hit

Win Criteria

Close within 0.5% of $79 by end of day

What Happened

$78.72

-0.25%

2026-03-25

📌 PIN

Strength 55%

Magnet

Floor $79

Ceiling $80

Range 0.6%

✓ Hit

Win Criteria

Close within 0.5% of $79 by end of day

What Happened

$78.92

-0.63%

2026-03-24

📌 PIN

Strength 75%

Magnet

Floor $78

Ceiling $79

Range 1.3%

✗ Miss

Win Criteria

Close within 0.5% of $79 by end of day

What Happened

$79.42

+0.32%

Closed 0.5% from wall (need ≤0.5%) — moved +0.3%

2026-03-23

📌 PIN

Strength 55%

Magnet

Floor $78

Ceiling $79

Range 1.3%

✓ Hit

Win Criteria

Close within 0.5% of $79 by end of day

What Happened

$79.17

-0.34%

2026-03-20

↔ CAGE

Strength 35%

Magnet

Floor $79

Ceiling $80

Range 1.9%

✓ Hit

Win Criteria

Stay inside $79–$80 for 5 days

What Happened

$78.72

-0.25%

2026-03-19

📌 PIN

Strength 35%

Magnet

Floor $75

Ceiling $81

Range 7.5%

✗ Miss

Win Criteria

Close within 0.5% of $81 by end of day

What Happened

$78.92

-0.93%

Closed 2.6% from wall (need ≤0.5%) — moved -0.9%

2026-03-18

↔ CAGE

Strength 20%

Magnet

Floor $75

Ceiling $81

Range 7.6%

✓ Hit

Win Criteria

Stay inside $75–$81 for 5 days

What Happened

$79.42

+0.03%

2026-03-17

📌 PIN

Strength 35%

Magnet

Floor $75

Ceiling $81

Range 7.5%

✗ Miss

Win Criteria

Close within 0.5% of $81 by end of day

What Happened

$79.40

-0.51%

Closed 2.0% from wall (need ≤0.5%) — moved -0.5%

2026-03-16

📌 PIN

Strength 35%

Magnet

Floor $75

Ceiling $81

Range 7.6%

✗ Miss

Win Criteria

Close within 0.5% of $81 by end of day

What Happened

$79.81

+0.45%

Closed 1.5% from wall (need ≤0.5%) — moved +0.5%

2026-03-13

↔ CAGE

Strength 20%

Magnet

Floor $75

Ceiling $81

Range 7.6%

✓ Hit

Win Criteria

Stay inside $75–$81 for 5 days

What Happened

$78.92

-0.35%

2026-03-12

📌 PIN

Strength 35%

Magnet

Floor $80

Ceiling $80

Range 0.6%

✗ Miss

Win Criteria

Close within 0.5% of $80 by end of day

What Happened

$79.20

-0.19%

Closed 1.6% from wall (need ≤0.5%) — moved -0.2%

2026-03-11

📌 PIN

Strength 55%

Magnet

Floor $80

Ceiling $80

Range 0.6%

✗ Miss

Win Criteria

Close within 0.5% of $80 by end of day

What Happened

$79.35

-0.64%

Closed 1.4% from wall (need ≤0.5%) — moved -0.6%

2026-03-10

📌 PIN

Strength 55%

Magnet

Floor $80

Ceiling $80

Range 0.6%

✗ Miss

Win Criteria

Close within 0.5% of $80 by end of day

What Happened

$79.86

-0.22%

Closed 0.8% from wall (need ≤0.5%) — moved -0.2%

2026-03-09

📌 PIN

Strength 75%

Magnet

Floor $80

Ceiling $80

Range 0.6%

✗ Miss

Win Criteria

Close within 0.5% of $80 by end of day

What Happened

$80.04

-0.16%

Closed 0.6% from wall (need ≤0.5%) — moved -0.2%

2026-03-06

📌 PIN

Strength 35%

Magnet

Floor $80

Ceiling $80

Range 0.6%

✓ Hit

Win Criteria

Close within 0.5% of $80 by end of day

What Happened

$80.17

+0.60%

2026-03-05

📌 PIN

Strength 75%

Magnet

Floor $78

Ceiling $80

Range 2.5%

✓ Hit

Win Criteria

Close within 0.5% of $80 by end of day

What Happened

$79.69

-0.49%

2026-03-04

📌 PIN

Strength 85%

Magnet

Floor $80

Ceiling $81

Range 1.2%

✓ Hit

Win Criteria

Close within 0.5% of $80 by end of day

What Happened

$80.08

-0.40%

2026-03-03

📌 PIN

Strength 75%

Magnet

Floor $78

Ceiling $80

Range 2.5%

✓ Hit

Win Criteria

Close within 0.5% of $80 by end of day

What Happened

$80.40

+0.35%

2026-03-02

📌 PIN

Strength 75%

Magnet

Floor $78

Ceiling $80

Range 2.5%

✓ Hit

Win Criteria

Close within 0.5% of $80 by end of day

What Happened

$80.12

-0.20%

2026-02-27

📌 PIN

Strength 55%

Magnet

Floor $78

Ceiling $80

Range 2.5%

✓ Hit

Win Criteria

Close within 0.5% of $80 by end of day

What Happened

$80.28

-0.55%

2026-02-26

📌 PIN

Strength 75%

Magnet

Floor $80

Ceiling $81

Range 0.6%

✓ Hit

Win Criteria

Close within 0.5% of $80 by end of day

What Happened

$80.72

-0.16%

2026-02-25

📌 PIN

Strength 55%

Magnet

Floor $80

Ceiling $81

Range 0.6%

✓ Hit

Win Criteria

Close within 0.5% of $80 by end of day

What Happened

$80.85

-0.09%

2026-02-24

📌 PIN

Strength 85%

Magnet

Floor $80

Ceiling $81

Range 0.6%

✗ Miss

Win Criteria

Close within 0.5% of $80 by end of day

What Happened

$80.92

+0.14%

Closed 0.5% from wall (need ≤0.5%) — moved +0.1%