01 — HYG · BULL PUT SPREADS

Best HYG bull put 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
$76.5/$74 put spread · Dec 4
34 DAYS · 1.2% OTM · 3 WIDE · SELL TO OPEN
Credit
$39
Return
18.48%
PoP
66%
SpreadExpirationCreditReturn ↓PoP
$76 / $73.5
1.9% OTM · 3 wide
Dec 4
34 days
$26
$0.26 / share
11.61%74%
$76.5 / $74
1.2% OTM · 3 wide
Nov 27
27 days
$24
$0.24 / share
10.62%70%
$75.5 / $73
2.5% OTM · 3 wide
Dec 4
34 days
$24
$0.24 / share
10.62%73%
4 of 4 matchesCustomize filters →

03 — Strategy

Bull Put Spreads, plainly explained

Moderately bullish traders who want defined risk and credit-based income.

P&L at expiration · $76.5/$74 put spread · 34 DTE

$0+$39−$211$74 LONG$76.11 BE$77 SHORT

Key numbers

Premium collected+$39
Max profit+$39
Max loss−$211
Breakeven$76.11
Spread$76.5 / $74
Probability of profit66%
Days to expiration34

When this trade makes sense

Use when

    Avoid when

      Read the full bull put spreads guide →

      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 →