LQD Options History — June 2007

In June 2007, LQD traded between $103.00 and $105.20. ATM implied volatility averaged 5.3%. The 30-day expected move averaged 1.4%. IV traded below realized volatility by 0.4% (HV 20d: 5.7%). Max pain ranged from $104.00 to $108.00. Net GEX was positive for 10 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 7.15.

Notable Days

  • 2007-06-15: Highest Volume — 200 contracts
  • 2007-06-21: Largest IV spike — 168.6% change
  • 2007-06-21: Largest Expected Move — 3.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$104.09$103.00$105.20$105.03$104.58
Max Pain$104.52$104.00$108.00$107.00$104.00
ATM IV5.3%3.5%12.6%4.7%3.5%
Expected Move1.4%1.0%3.6%1.3%1.0%
HV 20d5.7%3.8%6.8%3.9%6.5%
HV 60d4.5%3.8%5.0%3.8%5.0%
Term Structure-1.5%-12.0%0.7%0.3%0.7%
VWIV4.2%3.2%5.2%3.7%5.2%
Skew 25d0.1%-7.0%2.8%-0.7%0.7%
Skew 10d-0.7%-11.4%2.1%-0.7%-0.5%
Call IV 25d5.3%3.4%16.9%4.9%4.4%
Put IV 25d5.5%3.1%10.8%4.2%5.0%
Bid-Ask Spread %102.4185.49148.7290.96101.76
Gamma HHI0.480.250.700.430.45
Net GEX-489.6K-2.0M447.0K-505.0K253.7K
Net DEX2.6M217.4K6.1M2.9M708.9K
Net VEX-12.5K-16.4K-7.9K-13.2K-16.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.150.00111.000.700.00
Total Volume48.2380200750
Total OI1,417.9057921,8311,8101,170

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-06-01$105.03$107.004.7%1.3%3.9%0.0%3.7%-0.7%0.3%-505.0K2.9M-13.2K0.7090.964431906904
2007-06-04$105.20$105.004.0%1.3%3.8%0.0%3.7%1.0%-0.6%-240.5K2.2M-14.1K0.0093.83320868877
2007-06-05$104.86$105.004.8%1.0%3.8%0.0%0.0%1.0%-0.1%-445.3K2.7M-12.0K1.8285.491120880867
2007-06-06$104.95$105.004.8%1.1%3.9%0.0%0.0%1.1%-0.3%-355.8K2.5M-11.5K0.0086.39140877852
2007-06-07$103.83$105.004.4%1.0%5.2%0.0%4.0%-1.1%0.2%-1.7M4.5M-10.6K0.2298.20327886852
2007-06-08$103.91$104.006.7%2.5%5.2%0.0%0.0%0.5%-4.3%-1.3M3.9M-13.4K0.00121.8809914837
2007-06-11$103.56$104.005.4%1.1%5.2%0.0%0.0%1.3%0.2%-1.7M4.6M-10.6K0.0093.1670914818
2007-06-12$103.00$104.007.2%1.1%5.4%0.0%0.0%-1.5%-1.0%-1.7M6.1M-8.0K7.5093.82215921818
2007-06-13$103.45$104.007.1%1.5%5.8%0.0%0.0%1.6%-1.9%-1.6M5.0M-7.9K0.1792.3861921803
2007-06-14$103.42$104.004.4%1.3%5.7%0.0%4.8%1.3%-1.1%-2.0M5.0M-8.0K3.23101.2831100929802
2007-06-15$103.83$108.005.0%1.4%6.0%0.0%5.0%1.2%-0.8%-1.7M4.6M-9.6K2.3390.3360140954877
2007-06-18$103.82$104.007.9%2.3%6.0%0.0%0.0%2.8%-7.1%52.3K1.9M-10.5K0.10136.2914815421371
2007-06-19$104.49$104.004.6%1.3%6.5%0.0%0.0%1.7%-1.0%408.4K217.4K-13.6K0.03105.71321565386
2007-06-20$103.99$104.004.7%1.3%6.6%0.0%3.2%0.1%-0.9%447.0K938.9K-13.3K1.04102.152728585388
2007-06-21$103.72$104.0012.6%3.6%6.6%0.0%0.0%-7.0%-12.0%270.3K563.6K-15.8K0.00148.72190602412
2007-06-22$104.00$104.003.9%1.1%6.7%0.0%0.0%0.2%-0.4%422.3K906.2K-14.1K111.0098.641111620412
2007-06-25$104.12$104.004.0%1.2%6.8%0.0%0.0%0.1%-0.1%225.8K1.2M-15.4K0.0096.4710620508
2007-06-26$104.10$104.004.0%1.1%6.8%0.0%5.2%-1.2%-0.4%227.5K1.3M-14.5K0.00106.02010620508
2007-06-27$104.10$104.004.0%1.1%6.7%0.0%0.0%-0.2%-0.7%233.6K1.3M-15.0K0.5798.953520620518
2007-06-28$103.99$104.004.1%1.2%6.7%0.0%0.0%-0.5%-0.6%340.5K1.6M-15.3K0.00108.2730655518
2007-06-29$104.58$104.003.5%1.0%6.5%0.0%0.0%0.7%0.7%253.7K708.9K-16.4K0.00101.7600652518