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
$77.58+0.9% / 30d
IV rank (1y)
32.8% · moderate
Option vol
11K /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
36 DAYS · 1.4% OTM · 3 WIDE · SELL TO OPEN
Credit
$32
Return
14.68%
PoP
62%
SpreadExpirationCreditReturn ↓PoP
$76 / $73.5
2.0% OTM · 3 wide
Dec 4
36 days
$26
$0.26 / share
11.61%65%
$77 / $74.5
0.8% OTM · 3 wide
Nov 20
22 days
$22
$0.22 / share
9.65%67%
$76.5 / $74
1.4% OTM · 3 wide
Nov 20
22 days
$18
$0.18 / share
7.76%73%
$76.5 / $74
1.4% OTM · 3 wide
Nov 27
29 days
$17
$0.17 / share
7.3%74%
$75 / $72.5
3.3% OTM · 3 wide
Nov 27
29 days
$10
$0.10 / share
4.17%70%
$76 / $73.5
2.0% OTM · 3 wide
Nov 27
29 days
$5
$0.05 / share
2.04%69%
7 of 7 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 · 36 DTE

$0+$32−$218$74 LONG$76.18 BE$77 SHORT

Key numbers

Premium collected+$32
Max profit+$32
Max loss−$218
Breakeven$76.18
Spread$76.5 / $74
Probability of profit62%
Days to expiration36

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.

      Option Agent scans live chains and recommends setups based on current market conditions.

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      Option Agent is not a registered investment advisor, broker-dealer, or financial planner. All analysis, recommendations, and data are for informational and educational purposes only and do not constitute personalized investment advice. Options trading involves substantial risk of loss and is not suitable for all investors. Past probability calculations do not guarantee future results. Consult a qualified financial advisor before making investment decisions.