LQD Options History — February 2007

In February 2007, LQD traded between $106.28 and $108.65. ATM implied volatility averaged 4.3%. The 30-day expected move averaged 1.2%. IV traded above realized volatility by 0.4% (HV 20d: 3.9%). Max pain ranged from $105.00 to $108.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.25.

Notable Days

  • 2007-02-13: Highest Volume — 40 contracts
  • 2007-02-05: Largest IV drop — 41.7% change
  • 2007-02-16: Largest Expected Move — 1.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$107.25$106.28$108.65$106.28$108.43
Max Pain$105.16$105.00$108.00$108.00$105.00
ATM IV4.3%3.2%6.5%5.0%3.8%
Expected Move1.2%1.0%1.9%1.4%1.1%
HV 20d3.9%3.3%4.3%4.3%4.3%
Term Structure-0.4%-2.8%1.6%-0.8%-0.1%
VWIV4.3%3.5%4.9%4.9%3.8%
Skew 25d1.0%-0.1%3.7%0.7%0.1%
Skew 10d1.3%-0.3%2.8%-0.3%0.5%
Call IV 25d3.4%2.1%4.5%3.7%4.5%
Put IV 25d4.5%3.1%5.9%4.4%4.6%
Bid-Ask Spread %95.9953.30127.6394.9598.28
Gamma HHI0.270.210.360.270.34
Net GEX974.0K-67.2K1.7M62.3K1.6M
Net DEX-2.2M-5.7M1.0M1.0M-5.1M
Net VEX-21.7K-27.8K-17.5K-25.3K-17.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.250.002.000.000.00
Total Volume14040012
Total OI1,987.0531,5832,2542,2451,664

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-02-01$106.28$108.005.0%1.4%4.3%0.0%0.0%0.7%-0.8%62.3K1.0M-25.3K0.0094.95009061,339
2007-02-02$106.38$105.005.5%1.2%3.3%0.0%0.0%1.3%-0.5%257.3K-133.4K-26.0K0.0099.851509061,262
2007-02-05$106.52$105.003.2%1.2%3.4%0.0%0.0%0.6%-0.7%-67.2K-102.0K-27.8K0.00105.39009271,262
2007-02-06$106.80$105.004.5%1.1%3.5%0.0%0.0%0.5%-0.3%808.0K-1.0M-22.3K0.0093.442609211,262
2007-02-07$106.95$105.004.2%1.2%3.6%0.0%0.0%1.3%-0.2%1.2M-1.6M-22.7K0.0083.58409211,262
2007-02-08$107.07$105.004.9%1.4%3.6%0.0%4.9%1.8%-0.6%1.3M-1.8M-23.1K0.0088.50709251,262
2007-02-09$106.62$105.003.5%1.0%3.7%0.0%3.8%0.9%0.4%555.9K-623.3K-22.5K0.0094.92609321,262
2007-02-12$106.64$105.003.7%1.1%3.7%0.0%0.0%-0.1%-0.1%687.4K-640.3K-21.4K0.0094.14509371,252
2007-02-13$106.57$105.003.8%1.1%3.7%0.0%0.0%0.2%0.0%789.0K-381.9K-20.3K0.0094.590409421,252
2007-02-14$107.18$105.005.0%1.4%4.2%0.0%4.8%0.6%-0.9%1.7M-1.8M-22.6K0.0091.481009421,292
2007-02-15$107.38$105.005.0%1.4%4.1%0.0%4.9%1.8%-1.0%1.5M-2.9M-21.1K2.0053.305109471,292
2007-02-16$107.49$105.006.5%1.9%4.1%0.0%0.0%3.7%-2.8%573.5K-3.3M-22.9K0.00127.631909521,302
2007-02-20$107.66$105.003.8%1.1%4.1%0.0%0.0%1.0%-0.2%1.2M-3.1M-19.9K0.0094.2860840743
2007-02-21$107.59$105.003.5%1.0%4.0%0.0%0.0%1.4%-0.1%1.3M-3.2M-19.4K0.0093.45120846743
2007-02-22$107.44$105.004.3%1.2%4.0%0.0%0.0%2.0%-0.3%1.3M-2.8M-20.3K0.5098.442010854743
2007-02-23$107.79$105.003.8%1.1%3.9%0.0%0.0%1.0%-0.6%1.2M-3.6M-19.5K0.0099.80150854753
2007-02-26$108.23$105.003.6%1.0%4.1%0.0%0.0%0.3%-0.2%1.4M-4.5M-19.1K0.00101.13110869753
2007-02-27$108.65$105.003.6%1.0%4.2%0.0%3.5%0.6%1.6%1.2M-5.7M-17.5K1.54116.731320880753
2007-02-28$108.43$105.003.8%1.1%4.3%0.0%3.8%0.1%-0.1%1.6M-5.1M-17.9K0.0098.28120891773