Learn/Bear Call Spreads/HYG

01 — HYG · BEAR CALL SPREADS

Best HYG bear call spreads setups.

Pick how long you want to wait and how much risk you'll take. We score every live strike across the next 3 expirations and surface the top setups — updated hourly.

Credit-spread proxy with options flow tied to recession risk and risk-off positioning.

Find the best strikes →FREE · 20 ANALYSES/DAY · NO CARD
iShares iBoxx High Yield Corporate Bond ETF
Bond ETF
HYG
$77.43+0.7% / 30d
IV rank (1y)
34.2% · moderate
Option vol
3K /day

02 — Live setups

Suggested strikes

Choose your time horizon and risk band. Every match is scored on return, premium, and probability of profit.

Days to expiration
Probability of profit
Sort by
Top pick · credit spread
$78/$80.5 call spread · Dec 4
34 DAYS · 0.7% OTM · 3 WIDE · SELL TO OPEN
Credit
$13
Return
5.49%
PoP
72%
SpreadExpirationCreditReturn ↓PoP
$81 / $83
4.6% OTM · 2 wide
Nov 27
27 days
$1
$0.01 / share
0.5%70%
$80 / $82.5
3.3% OTM · 3 wide
Nov 27
27 days
$1
$0.01 / share
0.4%70%
3 of 3 matchesCustomize filters →

03 — Strategy

Bear Call Spreads, plainly explained

Moderately bearish or neutral traders seeking defined-risk credit income.

P&L at expiration · $78/$80.5 call spread · 34 DTE

$0+$13−$237$81 LONG$78.13 BE$78 SHORT

Key numbers

Premium collected+$13
Max profit+$13
Max loss−$237
Breakeven$78.13
Spread$78 / $80.5
Probability of profit72%
Days to expiration34

When this trade makes sense

Use when

    Avoid when

      Read the full bear call spreads guide →

      04 — By condition

      Read by market condition

      01
      High Implied Volatility
      READ →
      02
      Range-Bound Market
      READ →
      03
      Earnings Week
      READ →
      04
      Bullish Trend
      READ →
      05
      Post-Earnings IV Crush
      READ →

      05 — RUN IT LIVE

      See the highest chance of profit on HYG.

      Alpha Hawk scans live chains and recommends setups based on current market conditions.

      Analyze HYG free →