LQD Options History — April 2019

In April 2019, LQD traded between $118.12 and $119.65. ATM implied volatility averaged 3.9%, placing in the 20.6% IV rank vs the trailing year. The 30-day expected move averaged 1.2%. IV traded below realized volatility by 0.5% (HV 20d: 4.5%). Max pain ranged from $118.00 to $119.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 7.96.

Notable Days

  • 2019-04-05: Highest Volume — 47,554 contracts
  • 2019-04-22: Largest IV spike — 56.3% change
  • 2019-04-02: Highest IV Rank — 32.1%
  • 2019-04-02: Largest Expected Move — 1.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$118.78$118.12$119.65$118.30$119.24
Max Pain$118.19$118.00$119.00$118.00$119.00
ATM IV3.9%2.8%4.6%4.5%4.2%
Expected Move1.2%0.8%1.3%1.3%1.2%
HV 20d4.5%3.9%4.9%4.4%3.9%
HV 60d4.2%4.0%4.4%4.2%4.0%
IV Rank20.6%0.1%32.1%29.5%24.5%
IV Percentile22.1%0.4%44.4%41.3%27.8%
Term Structure-0.0%-0.5%0.4%0.1%-0.3%
VWIV4.5%2.1%11.2%4.0%4.6%
Skew 25d1.2%0.4%2.7%1.1%0.9%
Skew 10d1.6%-0.1%4.0%4.0%2.5%
Call IV 25d3.4%2.1%4.1%3.7%3.9%
Put IV 25d4.6%4.1%4.9%4.8%4.9%
Bid-Ask Spread %93.8276.04110.8176.2297.37
Gamma HHI0.160.130.190.140.14
Net GEX-29.8M-68.2M-8.5M-16.0M-32.4M
Net DEX5.8M-93.9M131.0M-59.6M44.7M
Net VEX-3.5M-4.5M-2.3M-2.4M-4.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.960.0642.200.120.13
Total Volume10,456.14313747,5543,1345,895
Total OI278,619.095237,182323,790237,182282,488

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-04-01$118.30$118.004.5%1.3%4.4%29.5%4.0%1.1%0.1%-16.0M-59.6M-2.4M0.1276.222,80133356,780180,402
2019-04-02$118.44$118.004.6%1.3%4.4%32.1%3.9%0.4%0.1%-12.6M-62.6M-2.4M0.1480.742,87240257,286180,518
2019-04-03$118.12$118.004.2%1.2%4.6%25.3%2.1%2.7%-0.1%-22.0M-42.4M-2.3M3.7878.642,79010,55657,416180,631
2019-04-04$118.31$118.004.2%1.3%4.5%24.7%2.6%1.5%-0.0%-19.2M-55.0M-2.6M3.9981.612,77611,06357,418190,863
2019-04-05$118.52$118.003.1%1.1%4.5%6.1%4.9%0.8%0.0%-8.5M-86.4M-2.4M14.9176.042,98944,56557,425191,459
2019-04-08$118.44$118.003.9%1.2%4.5%20.3%4.8%1.1%-0.3%-40.4M41.2M-3.2M11.4979.151852,12655,837219,457
2019-04-09$118.63$118.003.2%1.1%4.5%8.2%4.6%1.1%0.0%-33.0M-12.4M-3.1M11.6787.352102,45055,968226,718
2019-04-10$119.26$118.004.3%1.2%4.7%26.9%4.5%0.9%-0.1%-20.6M-93.9M-2.8M22.73104.9154412,36655,973226,826
2019-04-11$119.08$118.004.0%1.1%4.7%21.0%4.3%0.8%0.0%-15.4M-56.7M-3.4M42.20109.3054422,95756,291227,535
2019-04-12$118.92$118.003.8%1.1%4.7%18.8%3.6%1.0%0.1%-17.6M-71.9M-3.0M20.2183.301,07821,78856,291227,747
2019-04-15$118.85$118.003.6%1.0%4.7%14.0%11.2%1.1%0.4%-33.1M16.6M-3.5M2.06108.1110,19520,98756,828239,957
2019-04-16$118.52$118.003.0%0.9%4.9%3.6%3.5%1.6%0.3%-41.9M62.9M-4.3M0.0694.2010,70566367,113255,290
2019-04-17$118.49$118.004.4%1.3%4.5%28.1%3.9%1.2%-0.5%-46.2M84.8M-4.5M0.0987.235,73552067,122255,526
2019-04-18$118.60$118.002.8%0.8%4.4%0.1%5.1%1.7%0.3%-51.5M114.4M-4.4M1.3799.107841,07767,649256,141
2019-04-22$118.38$118.004.3%1.2%4.0%27.4%4.4%1.5%-0.4%-68.2M131.0M-4.3M0.15101.402423764,745213,454
2019-04-23$118.81$118.004.1%1.2%4.1%23.1%4.1%1.7%-0.1%-38.4M50.4M-4.3M0.40110.811,69068465,643213,589
2019-04-24$119.30$118.004.1%1.2%4.4%23.7%4.6%1.1%-0.2%-18.1M15.1M-4.2M1.54102.711,1471,76465,628214,551
2019-04-25$119.26$119.004.3%1.2%4.3%27.5%4.4%1.0%-0.2%-31.2M35.3M-4.4M3.0299.001,1373,43565,678215,768
2019-04-26$119.65$119.003.9%1.1%4.5%20.0%4.4%1.0%-0.0%-18.1M-7.7M-4.2M0.76105.934,1873,16365,682216,770
2019-04-29$119.17$119.004.3%1.2%4.7%27.0%4.4%0.4%-0.2%-42.2M74.2M-4.2M26.40107.02513265,549216,989
2019-04-30$119.24$119.004.2%1.2%3.9%24.5%4.6%0.9%-0.3%-32.4M44.7M-4.1M0.1397.375,21168465,551216,937