LQD Options History — April 2025

In April 2025, LQD traded between $105.09 and $108.88. ATM implied volatility averaged 11.6%, placing in the 65.4% IV rank vs the trailing year. The 30-day expected move averaged 3.3%. IV traded above realized volatility by 1.0% (HV 20d: 10.7%). Max pain ranged from $108.00 to $109.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 9.33.

Notable Days

  • 2025-04-16: Highest Volume — 315,529 contracts
  • 2025-04-07: Largest IV spike — 20.3% change
  • 2025-04-07: Highest IV Rank — 100.0%
  • 2025-04-11: Largest Expected Move — 4.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$107.04$105.09$108.88$108.62$108.16
Max Pain$108.33$108.00$109.00$109.00$108.00
ATM IV11.6%8.6%15.5%8.6%9.8%
Expected Move3.3%2.4%4.4%2.4%2.9%
HV 20d10.7%5.4%13.1%5.6%12.9%
HV 60d8.1%6.2%8.9%6.3%8.9%
IV Rank65.4%35.6%100.0%47.7%39.4%
IV Percentile95.1%85.3%100.0%85.3%90.5%
Term Structure-0.3%-0.8%0.1%-0.2%0.1%
VWIV13.4%8.3%22.4%8.7%11.0%
Skew 25d3.1%0.5%6.9%0.8%1.4%
Skew 10d6.0%1.3%11.2%1.3%3.0%
Call IV 25d11.1%8.3%14.8%8.3%9.5%
Put IV 25d14.2%9.0%21.1%9.2%10.9%
Bid-Ask Spread %12.705.3990.4790.476.74
Gamma HHI0.150.110.200.170.14
Net GEX-384.0M-657.6M-172.7M-172.7M-282.3M
Net DEX1.45B46.0M3.63B105.8M511.1M
Net VEX-7.8M-8.7M-6.9M-7.0M-7.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio9.330.6738.6813.993.11
Total Volume74,208.8573,348315,52927,92716,002
Total OI941,001.714828,6971,093,109828,697961,810

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-04-01$108.62$109.008.6%2.4%5.6%47.7%8.7%0.8%-0.2%-172.7M105.8M-7.0M13.9990.471,86326,064229,993598,704
2025-04-02$108.73$109.008.6%2.4%5.5%48.3%8.3%0.5%-0.3%-203.0M46.0M-7.1M0.788.456,2584,910230,191617,715
2025-04-03$108.82$109.009.1%2.5%5.4%57.7%8.7%0.6%-0.4%-182.6M61.9M-6.9M2.367.8210,17023,998225,991618,798
2025-04-04$108.88$109.0010.7%2.9%5.4%88.3%11.2%1.6%-0.4%-214.6M287.2M-7.8M17.428.427,304127,225229,656642,558
2025-04-07$106.78$109.0012.9%3.5%8.7%100.0%15.2%5.3%-0.4%-581.7M2.31B-8.6M8.208.6113,510110,837228,671765,165
2025-04-08$105.25$109.0015.4%4.2%9.7%100.0%17.0%6.6%-0.8%-612.2M3.63B-8.7M38.688.835,574215,576233,079812,941
2025-04-09$106.50$109.0013.8%3.9%10.8%82.5%16.1%5.3%0.0%-473.2M2.26B-8.5M8.9220.8920,957186,986232,204721,345
2025-04-10$105.09$108.0015.1%4.2%11.6%97.2%18.1%6.9%-0.7%-462.8M3.00B-8.6M3.5511.8522,06278,333236,710758,616
2025-04-11$105.28$108.0015.5%4.4%11.6%100.0%22.4%6.3%-0.2%-465.9M2.91B-8.5M9.3312.822,55423,820232,741763,085
2025-04-14$105.95$108.0013.2%3.8%11.9%75.5%15.9%3.9%-0.4%-617.7M2.44B-7.7M1.8510.9616,58230,619236,375749,326
2025-04-15$106.38$108.0012.2%3.5%12.0%64.0%14.2%3.5%-0.6%-645.2M2.04B-7.4M6.788.503,61824,517251,663742,457
2025-04-16$106.75$108.0011.8%3.4%11.8%59.8%14.4%3.6%0.0%-657.6M1.78B-7.2M33.569.729,129306,400254,106753,882
2025-04-17$106.73$108.0011.9%3.4%11.8%61.1%12.2%3.0%-0.1%-421.3M1.70B-8.4M0.7811.6122,40517,442260,635832,474
2025-04-21$105.59$108.0013.4%4.0%12.3%77.6%15.0%4.0%-0.5%-334.5M1.85B-8.5M3.205.845,94519,024177,500667,028
2025-04-22$105.91$108.0011.9%3.5%12.3%61.5%15.4%3.6%-0.4%-356.3M1.68B-8.4M2.785.6013,45737,456182,166683,099
2025-04-23$106.41$108.0010.9%3.2%12.5%50.8%13.6%2.1%-0.2%-365.3M1.39B-8.2M7.796.471,67813,071189,632695,048
2025-04-24$107.44$108.0010.3%3.0%13.0%43.7%11.3%1.6%-0.2%-285.6M841.6M-7.7M16.256.293,31553,871189,589701,452
2025-04-25$107.97$108.009.9%2.9%13.1%40.3%10.8%1.3%-0.2%-249.9M594.4M-7.4M12.645.393,94649,884190,332745,967
2025-04-28$108.22$108.0010.1%3.0%12.9%41.5%10.9%1.6%0.1%-252.4M552.8M-7.4M3.235.777922,556187,123771,076
2025-04-29$108.45$108.009.5%2.9%12.9%35.6%10.0%1.1%0.1%-226.5M388.2M-7.1M0.675.6711,1817,495187,428772,705
2025-04-30$108.16$108.009.8%2.9%12.9%39.4%11.0%1.4%0.1%-282.3M511.1M-7.1M3.116.743,89612,106186,196775,614