LQD Options History — April 2023

In April 2023, LQD traded between $108.53 and $110.41. ATM implied volatility averaged 10.0%, placing in the 8.3% IV rank vs the trailing year. The 30-day expected move averaged 2.9%. IV traded above realized volatility by 2.8% (HV 20d: 7.2%). Max pain ranged from $108.00 to $109.00. Net GEX was positive for 8 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 7.25.

Notable Days

  • 2023-04-26: Highest Volume — 123,475 contracts
  • 2023-04-14: Largest IV drop — 9.0% change
  • 2023-04-04: Highest IV Rank — 20.8%
  • 2023-04-04: Largest Expected Move — 3.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$109.52$108.53$110.41$109.94$109.85
Max Pain$108.79$108.00$109.00$108.00$109.00
ATM IV10.0%8.7%11.8%11.7%9.2%
Expected Move2.9%2.5%3.4%3.3%2.7%
HV 20d7.2%5.9%8.2%8.2%6.7%
HV 60d8.9%8.5%9.9%9.9%8.6%
IV Rank8.3%0.0%20.8%19.8%4.8%
IV Percentile7.5%0.0%31.7%29.4%2.0%
Term Structure-0.0%-0.6%0.2%-0.1%0.1%
VWIV10.4%9.0%12.3%12.1%9.1%
Skew 25d1.3%0.9%1.8%1.8%1.2%
Skew 10d2.9%2.1%4.0%4.0%2.2%
Call IV 25d9.6%8.3%11.5%11.4%8.9%
Put IV 25d11.0%9.8%13.2%13.2%10.1%
Bid-Ask Spread %10.487.1513.897.1513.89
Gamma HHI0.110.090.180.110.10
Net GEX-51.0M-249.8M118.1M75.0M-119.8M
Net DEX13.8M-599.5M680.6M-417.8M293.8M
Net VEX-4.8M-6.3M-4.1M-5.4M-5.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.250.0937.0212.220.45
Total Volume33,585.9479,442123,47527,36123,731
Total OI1,060,765.737553,7461,272,6241,108,241762,128

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-04-03$109.94$108.0011.7%3.3%8.2%19.8%12.1%1.8%-0.1%75.0M-417.8M-5.4M12.227.152,06925,292249,090859,151
2023-04-04$110.06$108.0011.8%3.4%8.1%20.8%12.3%1.6%-0.2%64.2M-424.0M-5.3M0.358.0222,4027,740250,516883,114
2023-04-05$110.41$108.0011.4%3.2%8.0%17.2%10.9%1.6%-0.0%118.1M-599.5M-5.1M1.489.227,27010,778260,860880,886
2023-04-06$110.25$108.0011.6%3.3%8.1%18.6%11.9%1.2%-0.1%90.9M-522.9M-5.2M1.049.1227,37028,335265,540885,909
2023-04-10$109.80$109.0010.8%3.1%7.4%10.2%11.7%1.0%-0.0%65.3M-300.4M-4.9M37.028.371,20544,613278,425887,222
2023-04-11$109.85$109.0010.6%3.0%7.4%7.6%11.1%0.9%0.1%77.7M-304.4M-4.9M5.438.301,92910,470279,026914,717
2023-04-12$109.56$109.0010.5%2.9%7.5%7.0%11.1%1.0%-0.6%32.0M-146.2M-4.9M23.7511.4286520,540280,377922,488
2023-04-13$109.66$109.009.7%2.7%7.1%0.0%9.8%1.1%-0.2%37.1M-152.5M-4.7M3.3111.863,14610,406280,620942,923
2023-04-14$109.37$109.008.8%2.5%7.2%0.0%9.2%1.4%0.2%-6.7M-931.8K-4.4M1.0010.9324,72924,760283,064950,881
2023-04-17$108.72$109.008.7%2.5%7.3%0.0%9.1%1.6%0.2%-139.5M322.9M-4.4M3.4010.275,21017,693283,779955,674
2023-04-18$109.06$109.009.0%2.6%7.2%2.3%9.0%1.3%-0.1%-82.3M140.5M-4.3M0.929.076,9206,353283,855978,305
2023-04-19$108.53$109.009.2%2.6%7.3%4.1%9.2%1.4%0.2%-200.2M423.5M-4.5M1.499.996,87110,235285,629979,273
2023-04-20$108.81$109.009.2%2.6%7.1%4.3%10.1%1.3%0.0%-159.8M296.2M-4.4M3.8610.622,68210,358286,763982,708
2023-04-21$108.94$109.009.4%2.7%7.0%6.1%9.6%1.5%-0.1%-249.8M246.3M-4.3M12.2512.591,59019,475283,787988,837
2023-04-24$109.50$109.009.4%2.7%7.2%6.9%11.2%1.3%0.1%-93.2M203.3M-4.1M23.0810.771,46733,861128,037425,709
2023-04-25$110.02$109.009.8%2.8%5.9%10.7%9.9%1.3%-0.2%-80.7M120.9M-4.2M3.7212.7017,99066,861128,337455,535
2023-04-26$109.45$109.009.7%2.8%6.2%9.3%11.5%1.2%0.2%-158.4M402.6M-4.8M2.9611.7031,19592,280137,314496,966
2023-04-27$109.05$109.009.6%2.7%6.3%8.2%9.2%1.3%0.1%-240.0M680.6M-6.3M0.0913.248,659783172,560584,544
2023-04-28$109.85$109.009.2%2.7%6.7%4.8%9.1%1.2%0.1%-119.8M293.8M-5.9M0.4513.8916,3497,382181,068581,060