LQD Options History — July 2025

In July 2025, LQD traded between $107.72 and $109.47. ATM implied volatility averaged 7.4%, placing in the 10.6% IV rank vs the trailing year. The 30-day expected move averaged 2.1%. IV traded above realized volatility by 1.8% (HV 20d: 5.6%). Max pain ranged from $108.00 to $109.00. Net GEX was positive for 2 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 5.17.

Notable Days

  • 2025-07-15: Highest Volume — 82,979 contracts
  • 2025-07-29: Largest IV drop — 9.3% change
  • 2025-07-07: Highest IV Rank — 16.5%
  • 2025-07-17: Largest Expected Move — 2.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$108.66$107.72$109.47$109.32$109.23
Max Pain$108.09$108.00$109.00$109.00$108.00
ATM IV7.4%6.3%7.9%7.7%6.4%
Expected Move2.1%1.7%2.3%2.0%1.7%
HV 20d5.6%5.3%6.1%5.9%5.6%
HV 60d7.1%6.2%9.3%9.3%6.2%
IV Rank10.6%0.0%16.5%14.0%0.9%
IV Percentile26.7%0.0%52.4%39.3%0.8%
Term Structure-0.0%-0.3%0.2%-0.3%0.2%
VWIV7.8%6.4%9.9%7.1%6.4%
Skew 25d1.4%0.7%2.0%0.8%1.4%
Skew 10d3.0%1.4%4.3%1.4%3.4%
Call IV 25d6.9%5.8%7.6%7.6%5.8%
Put IV 25d8.3%7.2%9.2%8.3%7.2%
Bid-Ask Spread %17.077.2834.427.2834.42
Gamma HHI0.120.090.230.100.14
Net GEX-140.2M-308.6M59.9M-48.2M31.5M
Net DEX335.5M-262.2M856.7M34.4M-203.6M
Net VEX-5.1M-5.8M-4.1M-5.3M-4.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.170.1426.585.412.52
Total Volume28,455.3645,07582,97923,22847,737
Total OI773,150.364690,810848,113759,053789,969

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-07-01$109.32$109.007.7%2.0%5.9%14.0%7.1%0.8%-0.3%-48.2M34.4M-5.3M5.417.283,62119,607154,447604,606
2025-07-02$109.28$109.007.8%2.0%6.0%14.8%6.8%0.9%-0.3%-87.3M108.3M-5.5M2.108.584,2518,937157,570623,085
2025-07-03$109.10$108.007.5%2.1%5.6%12.4%7.4%0.7%-0.2%-83.8M229.1M-5.6M26.5812.1161316,293160,498622,838
2025-07-07$108.44$108.007.9%2.3%5.9%16.5%8.2%1.2%0.1%-170.1M630.1M-5.8M5.0510.622,53312,784157,863619,726
2025-07-08$108.13$108.007.7%2.2%5.6%14.6%8.0%1.1%-0.1%-208.1M714.7M-5.4M7.578.355924,483159,290623,119
2025-07-09$108.69$108.007.4%2.0%5.8%10.8%9.9%1.0%-0.3%-105.2M327.0M-5.2M2.928.5814,31941,868159,567608,383
2025-07-10$108.72$108.007.1%2.0%5.8%8.0%7.1%1.0%-0.3%-86.2M289.6M-5.2M1.859.555,3209,821163,533622,521
2025-07-11$108.06$108.007.3%2.1%6.1%10.0%7.6%1.1%-0.0%-238.1M693.9M-5.6M0.9012.123,8723,499170,366627,538
2025-07-14$108.07$108.007.9%2.3%5.7%16.1%8.3%1.2%-0.0%-209.6M650.3M-5.4M1.4017.429,49213,243171,040621,730
2025-07-15$107.72$108.007.8%2.2%5.4%15.1%8.3%1.3%0.2%-308.6M856.7M-5.5M9.7413.117,72875,251175,146655,241
2025-07-16$107.91$108.007.7%2.2%5.4%14.4%9.2%1.7%0.0%-276.8M755.3M-5.5M1.8321.736,04411,057182,397644,250
2025-07-17$108.05$108.007.9%2.3%5.3%16.3%8.4%1.9%-0.0%-250.1M722.1M-5.5M1.079.0910,04410,746184,783652,957
2025-07-18$108.25$108.007.8%2.2%5.3%15.6%9.3%2.0%0.0%-197.6M543.0M-5.4M6.7614.3010,18768,843192,849655,264
2025-07-21$108.78$108.007.4%2.1%5.6%11.2%7.7%1.6%0.0%-143.5M249.0M-4.9M0.8516.6613,08711,143123,511567,299
2025-07-22$109.00$108.007.5%2.2%5.5%12.0%8.1%1.6%0.1%-110.8M113.1M-4.5M9.4318.201,32112,455128,998572,576
2025-07-23$108.75$108.007.5%2.1%5.3%12.0%7.7%1.7%0.0%-150.3M307.2M-5.0M2.5621.842,8177,202129,817583,885
2025-07-24$108.65$108.007.1%2.0%5.3%8.0%7.2%1.6%0.1%-137.3M290.1M-4.7M15.9223.322,43338,738131,761581,331
2025-07-25$109.00$108.006.6%1.9%5.4%2.4%9.3%1.4%0.1%59.9M91.5M-4.3M4.1224.409,40438,746133,557603,431
2025-07-28$108.75$108.007.0%2.0%5.5%6.3%7.2%1.8%0.1%-220.0M270.4M-4.3M0.1424.3732,8894,482123,439613,942
2025-07-29$109.47$108.006.3%1.8%5.5%0.0%6.6%1.4%0.2%-9.0M-262.2M-4.1M0.4728.1310,3044,837155,838614,782
2025-07-30$109.06$108.006.5%1.8%5.6%2.1%6.6%1.7%0.1%-134.8M-29.1M-4.8M4.6231.332,37810,997165,234619,331
2025-07-31$109.23$108.006.4%1.7%5.6%0.9%6.4%1.4%0.2%31.5M-203.6M-4.4M2.5234.4213,55234,185167,086622,883