LQD Options History — April 2024

In April 2024, LQD traded between $104.50 and $107.57. ATM implied volatility averaged 8.8%, placing in the 32.8% IV rank vs the trailing year. The 30-day expected move averaged 2.5%. IV traded above realized volatility by 0.4% (HV 20d: 8.4%). Max pain ranged from $106.00 to $109.00. Net GEX was positive for 2 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 3.35.

Notable Days

  • 2024-04-10: Highest Volume — 198,045 contracts
  • 2024-04-16: Largest IV spike — 10.9% change
  • 2024-04-16: Highest IV Rank — 53.7%
  • 2024-04-16: Largest Expected Move — 2.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$105.90$104.50$107.57$107.48$105.00
Max Pain$106.80$106.00$109.00$109.00$106.00
ATM IV8.8%8.1%10.3%8.1%9.0%
Expected Move2.5%2.2%2.9%2.2%2.7%
HV 20d8.4%6.9%9.5%7.2%8.3%
HV 60d7.4%6.9%7.7%7.2%7.4%
IV Rank32.8%21.7%53.7%21.7%35.5%
IV Percentile37.0%13.9%81.7%13.9%46.8%
Term Structure-0.2%-0.3%0.1%-0.1%0.0%
VWIV9.4%7.6%13.9%7.6%9.7%
Skew 25d1.0%0.6%1.6%0.9%1.0%
Skew 10d2.4%0.8%4.2%3.3%1.7%
Call IV 25d8.6%7.9%9.7%7.9%8.5%
Put IV 25d9.6%8.8%11.3%8.9%9.5%
Bid-Ask Spread %20.1210.3134.0924.8610.31
Gamma HHI0.140.110.400.130.12
Net GEX-230.7M-666.0M22.1M-53.6M-281.7M
Net DEX1.21B305.9M2.22B513.0M1.27B
Net VEX-7.2M-7.9M-6.1M-7.0M-7.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.350.5014.521.250.94
Total Volume58,098.90915,587198,04553,74335,081
Total OI928,773.773808,0591,083,707830,343926,066

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-04-01$107.48$109.008.1%2.2%7.2%21.7%7.6%0.9%-0.1%-53.6M513.0M-7.0M1.2524.8623,92429,819374,600455,743
2024-04-02$107.30$109.008.5%2.3%7.2%27.3%8.1%0.8%-0.3%-73.6M687.2M-7.3M1.4819.9126,40638,953387,487466,058
2024-04-03$107.37$108.508.3%2.2%7.0%24.5%13.9%0.8%-0.1%-23.4M559.0M-7.2M2.9422.3613,41439,486409,410469,180
2024-04-04$107.52$107.008.6%2.3%6.9%29.1%8.2%0.9%-0.2%3.3M480.4M-7.9M1.4929.7810,60415,777419,631469,555
2024-04-05$107.03$107.008.3%2.3%7.0%25.1%8.1%0.7%-0.2%-164.4M732.6M-6.9M0.8529.1138,74433,069420,773471,320
2024-04-08$107.10$107.008.4%2.3%7.0%26.6%8.4%0.6%-0.2%-98.5M645.7M-7.0M5.6018.023,21017,983440,670467,236
2024-04-09$107.57$107.008.3%2.3%7.2%25.2%8.9%0.8%-0.3%22.1M305.9M-7.2M14.5234.095,39178,278446,888465,289
2024-04-10$106.03$107.008.5%2.4%8.7%28.2%8.9%1.0%-0.1%-392.6M1.65B-7.5M12.7522.4414,399183,646448,774535,787
2024-04-11$105.95$107.008.8%2.5%8.7%31.8%9.7%1.1%-0.3%-303.0M1.49B-6.6M3.2425.0913,60944,097455,797483,053
2024-04-12$106.13$107.009.0%2.5%8.3%34.4%8.8%0.9%-0.2%-303.2M1.34B-6.9M0.5027.3110,3585,229463,895505,648
2024-04-15$104.84$107.009.3%2.6%9.2%38.8%9.7%1.0%0.1%-307.0M2.09B-6.1M1.8625.2711,77721,901468,812503,782
2024-04-16$104.50$107.0010.3%2.9%9.2%53.7%10.4%1.6%-0.3%-286.1M2.22B-6.3M2.8425.9630,83887,434478,092500,562
2024-04-17$105.13$106.009.5%2.7%9.5%42.6%9.5%1.3%-0.2%-346.0M1.78B-7.0M0.5226.9933,11717,076492,910547,088
2024-04-18$104.91$106.009.3%2.7%9.4%39.9%10.6%1.4%-0.0%-340.5M1.89B-7.0M6.2012.878,77754,386518,175553,053
2024-04-19$104.97$106.009.5%2.7%9.4%41.9%9.6%1.3%-0.3%-666.0M1.90B-7.3M6.2211.743,09319,253519,650564,057
2024-04-22$105.28$106.008.8%2.5%9.3%32.8%11.2%1.1%-0.1%-210.0M1.02B-7.0M4.2712.1212,00351,295332,495475,564
2024-04-23$105.48$106.008.7%2.5%9.4%31.2%9.3%0.9%-0.1%-172.3M1.04B-7.3M1.8911.5627,61552,322347,531494,776
2024-04-24$105.00$106.008.7%2.5%9.4%31.3%8.8%0.9%-0.1%-276.4M1.27B-7.6M1.4114.5328,47040,092368,652520,218
2024-04-25$104.70$106.009.2%2.6%9.1%37.6%8.8%1.0%-0.3%-331.5M1.56B-7.9M0.5714.7115,7968,980382,370541,210
2024-04-26$105.10$106.008.8%2.6%9.2%32.2%8.6%0.9%-0.2%-253.0M1.17B-7.8M1.4111.9313,08818,440389,298536,514
2024-04-29$105.48$106.008.7%2.6%8.2%30.1%9.2%1.4%0.0%-216.8M957.8M-7.6M1.0411.5520,11220,834387,873527,481
2024-04-30$105.00$106.009.0%2.7%8.3%35.5%9.7%1.0%0.0%-281.7M1.27B-7.6M0.9410.3118,09216,989394,941531,125