LQD Options History — March 2025

In March 2025, LQD traded between $107.67 and $109.48. ATM implied volatility averaged 7.7%, placing in the 30.3% IV rank vs the trailing year. The 30-day expected move averaged 2.2%. IV traded above realized volatility by 1.7% (HV 20d: 6.0%). Max pain ranged from $108.00 to $109.00. Net GEX was positive for 6 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 4.24.

Notable Days

  • 2025-03-10: Highest Volume — 199,988 contracts
  • 2025-03-07: Largest IV drop — 10.9% change
  • 2025-03-11: Highest IV Rank — 45.7%
  • 2025-03-11: Largest Expected Move — 2.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$108.46$107.67$109.48$109.48$108.69
Max Pain$108.76$108.00$109.00$108.00$109.00
ATM IV7.7%7.2%8.5%7.9%7.8%
Expected Move2.2%2.0%2.5%2.4%2.2%
HV 20d6.0%5.2%6.9%6.5%5.7%
HV 60d6.7%6.2%7.1%7.0%6.3%
IV Rank30.3%19.9%45.7%34.5%32.9%
IV Percentile45.6%17.5%79.4%57.9%57.9%
Term Structure-0.1%-0.5%0.3%-0.1%-0.1%
VWIV7.9%6.9%8.9%8.3%7.7%
Skew 25d0.9%0.5%1.2%0.9%0.5%
Skew 10d1.8%-0.5%4.0%-0.5%0.8%
Call IV 25d7.4%7.0%8.2%7.5%7.7%
Put IV 25d8.3%7.7%8.9%8.4%8.2%
Bid-Ask Spread %17.188.7691.2311.6110.65
Gamma HHI0.170.140.190.170.19
Net GEX-152.6M-433.8M210.6M197.8M-308.1M
Net DEX143.9M-933.7M1.10B-933.7M-21.2M
Net VEX-7.8M-9.8M-5.9M-7.8M-5.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.240.5422.820.990.72
Total Volume30,583.714872199,98848,13628,089
Total OI901,190.476798,1401,034,740803,854835,940

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-03-03$109.48$108.007.9%2.4%6.5%34.5%8.3%0.9%-0.1%197.8M-933.7M-7.8M0.9911.6124,20823,928298,231505,623
2025-03-04$109.18$109.007.5%2.1%6.6%26.8%7.2%0.8%-0.1%210.6M-880.8M-7.2M1.4411.338,74212,546299,086499,054
2025-03-05$108.84$109.007.8%2.2%6.7%30.8%7.4%1.2%-0.1%168.3M-655.4M-7.6M0.8211.999,3817,667300,448500,255
2025-03-06$108.48$108.008.5%2.5%6.5%44.9%8.9%0.9%-0.2%92.1M-466.9M-7.7M3.6512.519,14533,422301,422506,358
2025-03-07$108.31$108.507.5%2.1%6.4%27.0%7.4%0.7%0.0%25.2M-133.3M-7.6M0.7652.1115,37311,669285,975538,763
2025-03-10$108.72$108.508.3%2.4%6.3%41.3%8.2%0.8%-0.5%82.7M-366.1M-7.4M8.789.8620,443179,545282,205533,485
2025-03-11$108.02$108.508.5%2.5%6.8%45.7%8.4%0.7%-0.3%-289.9M719.0M-9.8M3.558.765,34918,969288,824709,357
2025-03-12$107.67$108.507.9%2.3%6.9%34.6%8.4%1.0%-0.4%-433.8M1.10B-9.5M22.829.241,43432,723288,463728,634
2025-03-13$107.97$108.507.8%2.3%6.6%32.5%8.0%1.0%-0.2%-331.2M909.8M-9.4M10.509.851,09011,450289,219714,629
2025-03-14$107.94$108.507.7%2.0%5.9%29.7%6.9%0.8%-0.0%-399.0M804.3M-8.9M11.3811.671,77920,248289,404725,219
2025-03-17$108.20$109.007.7%2.2%5.8%30.3%7.9%1.0%-0.2%-276.4M534.4M-8.7M0.5410.8011,3526,116289,699732,344
2025-03-18$108.48$109.007.6%2.2%5.5%28.6%8.4%1.1%-0.3%-227.9M295.0M-8.1M2.0810.45283589280,530732,778
2025-03-19$109.08$109.007.3%2.2%5.8%21.4%8.3%1.1%-0.3%-38.6M-202.4M-7.5M0.9291.235,6575,213280,771732,864
2025-03-20$109.02$109.007.2%2.1%5.8%20.4%8.0%0.9%-0.0%-19.6M-227.4M-7.3M2.6610.8010,44727,818285,073739,872
2025-03-21$108.75$109.007.4%2.2%5.7%24.2%7.7%0.8%-0.0%-136.4M11.3M-7.2M1.6812.411,3952,345280,069754,671
2025-03-24$108.23$109.007.7%2.2%5.9%29.2%7.8%0.8%0.3%-299.9M452.8M-7.5M1.2311.858,37310,259222,030583,919
2025-03-25$108.44$109.007.2%2.2%5.3%19.9%7.4%0.6%0.3%-269.5M299.6M-7.5M1.6921.965,6589,557229,846602,605
2025-03-26$108.00$109.007.4%2.2%5.3%23.5%7.7%0.6%0.3%-367.2M667.5M-7.2M1.349.857711,031223,966596,663
2025-03-27$107.78$109.007.6%2.2%5.2%27.5%8.0%0.9%0.3%-432.7M845.4M-7.1M10.2010.091,42614,549224,001596,942
2025-03-28$108.47$109.007.7%2.2%5.6%30.7%8.1%0.7%0.2%-150.6M267.2M-6.6M1.2411.8218,80923,410224,675591,088
2025-03-31$108.69$109.007.8%2.2%5.7%32.9%7.7%0.5%-0.1%-308.1M-21.2M-5.9M0.7210.6516,31311,776234,399601,541