HYG gamma max, delta neutral & open interest levels
As of close · rank #8 by open interest · 1,379 sessions of history since Dec 1, 2020
HYG closed 2.2% below its gamma max of 80.31. It is 1.9% below the delta neutral price of 80.10. Total open interest is 8,664,321, +0.2% versus the previous session. What gamma max means · What delta neutral means
One-year history
Last 252 sessions
| Sessions closed above gamma max | 2% |
| Gamma max crosses | 7 |
| Delta neutral crosses | 0 |
| Open interest percentile (1y) | 48th |
| Open interest change, 5 sessions | +3.6% |
| Open interest change, 21 sessions | -1.3% |
| History available | Dec 1, 2020 → Sep 11, 2026 |
Recent crosses
- closed below gamma max at 81.09 vs 128.36 (-58.3%)
- closed above gamma max at 81.04 vs 81.00 (+0.0%)
- closed below gamma max at 81.04 vs 82.02 (-1.2%)
- closed above gamma max at 81.01 vs 81.00 (+0.0%)
- closed below gamma max at 81.23 vs 82.01 (-1.0%)
- closed above gamma max at 81.05 vs 81.00 (+0.1%)
- closed below gamma max at 80.96 vs 83.67 (-3.3%)
- closed above gamma max at 81.04 vs 81.00 (+0.0%)
- closed below gamma max at 79.57 vs 80.07 (-0.6%)
- closed above gamma max at 79.50 vs 79.50 (0.0%)
In today's screens
Neighbours by open interest
Questions people ask about HYG
Where is HYG's gamma max today?
As of Sep 11, 2026, the gamma max for HYG is 80.31, +2.2% from the 78.60 close. Gamma max is the underlying price at which the summed gamma of every open contract is largest; how it is computed and why it matters.
Is HYG above or below its delta neutral price?
HYG closed below delta neutral: 78.60 against a delta neutral price of 80.10. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does HYG have?
8,664,321 contracts of open interest across 449 listed contracts on Sep 11, 2026, +0.2% versus the previous session. What open interest measures.
Levels are recomputed after every trading day from end-of-day options data licensed from HistoricalOptionData.com; only derived aggregates are published. Methodology · Data and licence · Not investment advice.