$38 · Jul 17 · 24Δ
$0.21 premium · 6%/yr annualized
$USHY
ISHARES BROAD USD HIGH YIELD
$36.99 ▲ +0.02 (+0.05%)
ISHARES BROAD USD HIGH YIELD
Free ward
We DM you the instant the $39 call wall or the $36 put wall breaks. No noise, just the break.
Wall-break alerts arrive as a Discord DM.
Free ward
We DM you the instant the $39 call wall or the $36 put wall breaks.
—
Warded
We'll DM you the moment the $39 call wall breaks. Rest easy.
The Read
$USHY is in short gamma at heat 26, which means dealer hedging amplifies moves rather than dampening them. The $39 call wall has held 88% of tests but remains untested yesterday, while the $36 put wall also holds strong at 89%, though it too was untested yesterday. Spot is 8.3% below the $40.34 flip, so any push up faces a clear path until that level.
Regime trending — dealers are chasing the move.
Scored Levels
PROWhere the market is positioned
Risk-neutral, implied by options pricing — where the market is positioned, not a forecast.
Implied vs Measured
PRO$38 · Jul 17 · 24Δ
$0.21 premium · 6%/yr annualized
$36 · Jul 17 · 26Δ
$0.27 premium · 8%/yr annualized
Not investment advice · Informational only
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