LQD Options History — January 2025

In January 2025, LQD traded between $105.16 and $107.84. ATM implied volatility averaged 8.1%, placing in the 37.5% IV rank vs the trailing year. The 30-day expected move averaged 2.3%. IV traded above realized volatility by 0.8% (HV 20d: 7.2%). Max pain ranged from $107.00 to $110.00. Net GEX was positive for 8 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 4.52.

Notable Days

  • 2025-01-10: Highest Volume — 91,316 contracts
  • 2025-01-15: Largest IV drop — 9.1% change
  • 2025-01-13: Highest IV Rank — 55.9%
  • 2025-01-02: Largest Expected Move — 2.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$106.69$105.16$107.84$106.86$107.25
Max Pain$107.75$107.00$110.00$109.00$107.00
ATM IV8.1%7.4%9.0%8.6%7.8%
Expected Move2.3%2.1%2.5%2.5%2.3%
HV 20d7.2%6.6%8.6%7.5%6.8%
HV 60d7.7%7.6%8.0%7.6%7.7%
IV Rank37.5%24.0%55.9%47.0%31.4%
IV Percentile53.4%23.0%88.1%73.0%46.8%
Term Structure0.0%-0.4%0.4%0.4%0.1%
VWIV8.2%7.6%9.2%9.2%8.5%
Skew 25d0.7%0.4%1.1%0.7%0.4%
Skew 10d2.1%0.1%9.7%2.1%0.9%
Call IV 25d7.9%7.3%8.7%8.3%7.6%
Put IV 25d8.5%7.7%9.6%9.0%8.0%
Bid-Ask Spread %22.5410.9071.9616.2170.29
Gamma HHI0.110.080.160.130.10
Net GEX-99.4M-345.8M133.9M-206.9M62.3M
Net DEX420.2M-295.9M1.37B872.9M-124.2M
Net VEX-4.1M-4.6M-3.6M-4.2M-3.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.520.1738.4438.442.12
Total Volume36,014.151,33591,31626,46325,532
Total OI724,624.8560,000922,019763,636657,581

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-01-02$106.86$109.008.6%2.5%7.5%47.0%9.2%0.7%0.4%-206.9M872.9M-4.2M38.4416.2167125,792379,136384,500
2025-01-03$106.55$109.008.5%2.4%7.1%46.0%8.2%0.6%0.3%-263.4M1.03B-4.2M15.5665.422,57640,089379,628398,931
2025-01-06$106.31$110.008.6%2.4%7.1%47.1%8.3%0.8%-0.1%-238.4M1.01B-4.0M1.3313.971,1131,483381,203382,930
2025-01-07$105.88$109.008.6%2.4%7.0%47.7%8.4%0.8%-0.0%-291.8M1.26B-3.7M2.1171.9614,89331,357382,080382,256
2025-01-08$106.06$109.008.6%2.4%7.1%47.6%8.7%0.9%-0.1%-259.5M1.02B-3.7M8.3718.185,93149,646396,555371,433
2025-01-10$105.32$109.008.8%2.4%7.3%51.1%8.6%1.1%-0.2%-345.8M1.37B-3.8M1.4411.9837,42353,893401,952385,996
2025-01-13$105.16$108.009.0%2.5%7.3%55.9%8.8%1.0%-0.3%-309.9M1.20B-4.5M0.5915.5435,73421,090434,476385,878
2025-01-14$105.19$108.008.9%2.4%7.2%53.4%8.8%0.9%-0.4%-272.7M1.16B-4.4M1.1813.9521,41725,224462,253396,283
2025-01-15$106.44$107.008.1%2.3%8.5%37.6%7.8%0.8%-0.1%-114.0M429.1M-4.5M0.1712.5740,0636,633482,863409,725
2025-01-16$106.73$107.008.1%2.2%8.6%37.3%8.2%1.0%-0.3%-97.9M269.7M-4.3M0.9812.2826,41925,765484,203410,917
2025-01-17$106.78$107.008.0%2.3%8.6%35.3%9.1%0.7%-0.1%-118.0M190.2M-4.6M3.7311.846,50824,304503,019419,000
2025-01-21$107.37$107.007.7%2.2%7.1%29.4%8.0%0.5%-0.0%19.5M-113.3M-4.3M2.2319.649,04520,199269,564290,436
2025-01-22$107.09$107.007.8%2.2%6.9%31.4%8.1%0.5%-0.1%30.0M-89.0M-4.2M0.4412.2628,13012,515274,960298,590
2025-01-23$106.88$107.007.6%2.2%6.7%27.7%7.8%0.6%-0.1%-9.7M50.5M-4.1M1.4712.96541794281,289296,460
2025-01-24$107.06$107.007.5%2.1%6.6%25.8%7.6%0.4%0.2%77.0M-81.0M-3.8M7.9811.783,51528,056282,330297,178
2025-01-27$107.84$107.007.4%2.2%7.0%24.0%7.7%0.4%0.3%82.0M-295.9M-3.6M0.6021.9425,22215,178279,955319,920
2025-01-28$107.73$107.007.4%2.2%7.0%24.6%7.8%0.4%0.3%75.0M-263.5M-4.1M0.3910.9012,4034,803298,091332,506
2025-01-29$107.60$107.007.5%2.2%6.9%25.7%7.6%0.5%0.2%61.0M-225.9M-4.3M1.0415.3510,98911,478310,305336,563
2025-01-30$107.70$107.007.4%2.1%6.7%24.4%7.6%0.4%0.2%133.9M-284.4M-4.1M0.3111.6810,5513,308309,171342,380
2025-01-31$107.25$107.007.8%2.3%6.8%31.4%8.5%0.4%0.1%62.3M-124.2M-3.9M2.1270.298,18217,350313,349344,232