LQD Options History — August 2025

In August 2025, LQD traded between $109.35 and $110.22. ATM implied volatility averaged 6.4%, placing in the 3.3% IV rank vs the trailing year. The 30-day expected move averaged 1.8%. IV traded above realized volatility by 1.6% (HV 20d: 4.8%). Max pain ranged from $108.00 to $109.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 2.22.

Notable Days

  • 2025-08-15: Highest Volume — 79,361 contracts
  • 2025-08-12: Largest IV drop — 10.2% change
  • 2025-08-07: Highest IV Rank — 9.2%
  • 2025-08-08: Largest Expected Move — 2.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$109.80$109.35$110.22$109.66$109.85
Max Pain$108.95$108.00$109.00$108.00$109.00
ATM IV6.4%6.0%7.2%6.4%6.4%
Expected Move1.8%1.7%2.0%1.7%1.7%
HV 20d4.8%4.2%5.8%5.8%4.5%
HV 60d5.9%5.2%6.3%6.3%5.2%
IV Rank3.3%0.0%9.2%0.9%3.9%
IV Percentile4.0%0.0%15.5%0.8%5.2%
Term Structure0.1%-0.2%0.5%0.4%0.4%
VWIV6.7%6.0%8.6%6.1%6.4%
Skew 25d1.2%0.6%1.8%1.4%0.6%
Skew 10d2.8%1.2%4.1%3.0%1.2%
Call IV 25d6.1%5.6%6.8%5.6%6.0%
Put IV 25d7.3%6.5%8.5%7.0%6.6%
Bid-Ask Spread %9.184.3329.9129.914.33
Gamma HHI0.110.090.140.110.14
Net GEX-34.7M-151.2M122.4M39.7M-65.2M
Net DEX-76.4M-471.0M239.0M-389.7M-9.5M
Net VEX-5.7M-6.4M-4.7M-4.9M-4.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.220.248.861.473.76
Total Volume34,669.6675,89779,36148,28640,259
Total OI912,557.857814,7271,050,802814,727924,245

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-08-01$109.66$108.006.4%1.7%5.8%0.9%6.1%1.4%0.4%39.7M-389.7M-4.9M1.4729.9119,56628,720173,674641,053
2025-08-04$109.78$109.006.7%1.9%5.3%3.5%8.6%1.8%-0.1%-26.1M-197.6M-5.7M2.8112.5217,55849,410175,526660,267
2025-08-05$109.85$109.006.9%1.9%5.1%5.9%7.1%1.8%-0.1%-26.0M-174.1M-6.0M1.1612.1624,11827,910178,184672,276
2025-08-06$109.82$109.007.1%2.0%4.9%8.6%7.1%1.7%-0.2%-68.8M6.8M-5.9M1.8110.2916,80730,502161,818700,033
2025-08-07$109.81$109.007.2%2.0%4.9%9.2%6.9%1.7%-0.2%-39.9M29.0M-6.2M1.1710.3716,62819,373175,697720,600
2025-08-08$109.41$109.007.0%2.0%4.5%7.7%7.0%1.6%-0.1%-151.2M229.5M-6.3M1.5211.0516,53725,215184,520770,657
2025-08-11$109.59$109.007.1%1.9%4.5%8.3%6.8%1.7%-0.2%-50.6M55.6M-5.8M0.2411.8723,5195,603192,119788,770
2025-08-12$109.63$109.006.4%1.7%4.2%0.4%6.2%1.3%-0.2%-50.9M-13.4M-5.5M0.8111.3222,85018,597196,818792,724
2025-08-13$110.22$109.006.0%1.7%4.5%0.0%6.4%1.3%0.0%122.4M-471.0M-5.2M0.6412.6721,49013,669209,404802,329
2025-08-14$109.81$109.006.0%1.7%4.8%0.0%6.2%1.4%0.2%-44.8M-73.2M-6.3M1.576.256,72910,539224,346813,872
2025-08-15$109.70$109.006.1%1.7%4.9%0.7%6.2%1.0%-0.1%-125.2M-12.3M-6.1M1.438.7232,71446,647228,018822,784
2025-08-18$109.53$109.006.3%1.8%4.6%2.6%6.6%1.1%0.1%-62.0M179.1M-6.4M3.465.403,22011,149209,144656,260
2025-08-19$109.75$109.006.3%1.8%4.6%3.3%6.3%0.9%0.1%-42.8M16.3M-6.0M0.486.163,9761,921209,479662,132
2025-08-20$109.78$109.006.2%1.8%4.5%1.3%6.9%1.1%0.2%-58.6M17.8M-6.2M1.126.113,3483,762211,484661,901
2025-08-21$109.35$109.006.4%1.8%4.8%4.1%7.5%1.2%0.1%-112.2M239.0M-6.0M4.155.056,97828,988213,138664,398
2025-08-22$110.16$109.006.0%1.7%5.3%0.2%6.2%0.8%0.2%35.7M-333.2M-5.4M2.126.1218,80839,826216,115683,260
2025-08-25$109.95$109.006.2%1.7%5.3%1.4%6.4%0.8%0.5%-20.4M-100.4M-5.4M4.574.732,87713,158214,503665,782
2025-08-26$109.95$109.006.2%1.8%4.8%1.8%6.8%0.8%0.5%-13.0M-113.1M-5.2M8.866.456615,854215,551669,975
2025-08-27$110.05$109.006.3%1.8%4.6%2.5%6.6%0.8%0.5%6.3M-169.0M-5.1M1.234.629,64711,872220,642670,020
2025-08-28$110.16$109.006.2%1.7%4.5%2.0%6.0%0.8%0.5%24.5M-320.5M-4.7M2.276.758,28518,773229,399680,798
2025-08-29$109.85$109.006.4%1.7%4.5%3.9%6.4%0.6%0.4%-65.2M-9.5M-4.8M3.764.338,45031,809230,088694,157