LQD Options History — October 2025

In October 2025, LQD traded between $111.06 and $112.88. ATM implied volatility averaged 6.5%, placing in the 6.8% IV rank vs the trailing year. The 30-day expected move averaged 1.8%. IV traded above realized volatility by 2.8% (HV 20d: 3.8%). Max pain ranged from $111.00 to $112.00. Net GEX was positive for 17 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 5.06.

Notable Days

  • 2025-10-30: Highest Volume — 114,051 contracts
  • 2025-10-30: Largest IV spike — 10.7% change
  • 2025-10-13: Highest IV Rank — 14.1%
  • 2025-10-10: Largest Expected Move — 2.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$111.98$111.06$112.88$111.43$111.31
Max Pain$111.33$111.00$112.00$111.00$111.50
ATM IV6.5%5.4%7.4%6.7%6.0%
Expected Move1.8%1.5%2.1%1.9%1.7%
HV 20d3.8%3.1%5.0%5.0%4.3%
HV 60d5.0%4.7%5.2%5.2%5.0%
IV Rank6.8%0.0%14.1%6.7%6.3%
IV Percentile11.4%0.0%32.9%8.3%2.4%
Term Structure0.1%-0.4%0.6%0.5%0.2%
VWIV7.2%5.5%9.8%6.4%6.3%
Skew 25d1.6%1.1%2.3%1.5%1.7%
Skew 10d3.3%2.1%5.4%3.0%3.0%
Call IV 25d5.9%5.0%6.8%6.0%5.4%
Put IV 25d7.6%6.3%9.0%7.5%7.1%
Bid-Ask Spread %12.784.3120.254.3113.67
Gamma HHI0.140.100.180.110.15
Net GEX109.9M-382.8M421.7M75.2M-382.8M
Net DEX-309.3M-888.2M702.1M-197.7M702.1M
Net VEX-9.1M-10.6M-7.6M-9.6M-9.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.060.0946.900.998.22
Total Volume41,647.7836,219114,05124,76097,569
Total OI1,115,619.174958,3371,307,1911,145,0631,140,657

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-10-01$111.43$111.006.7%1.9%5.0%6.7%6.4%1.5%0.5%75.2M-197.7M-9.6M0.994.3112,41212,348365,227779,836
2025-10-02$111.70$111.006.6%1.8%4.6%5.7%6.2%1.4%0.6%215.1M-415.4M-9.4M0.366.5610,2953,751369,068782,382
2025-10-03$111.53$111.006.5%1.7%4.1%4.9%5.7%1.4%0.6%328.7M-305.0M-9.2M4.415.657,94735,060373,763783,243
2025-10-06$111.19$111.007.1%2.0%3.9%11.5%8.2%1.8%-0.1%-39.5M128.8M-9.3M1.9912.022,0834,136371,503727,262
2025-10-07$111.38$111.007.0%2.1%3.9%10.1%8.1%1.9%-0.1%27.9M-72.6M-9.1M8.9512.162,54222,746371,083728,739
2025-10-08$111.31$111.007.0%2.0%3.7%9.8%8.3%1.9%-0.1%-4.7M59.3M-9.1M3.7310.1912,37846,174372,939746,435
2025-10-09$111.06$111.007.1%2.0%3.4%11.7%8.4%2.0%-0.1%-100.9M342.7M-9.5M1.0714.1921,87223,421395,939776,034
2025-10-10$111.40$111.007.3%2.1%3.6%13.4%7.4%2.3%-0.1%91.6M-22.3M-10.6M1.7112.615,3659,196418,051793,247
2025-10-13$111.72$111.007.4%2.0%3.5%14.1%9.8%1.8%-0.4%211.6M-259.2M-9.8M23.5014.793,35378,794403,139770,186
2025-10-14$112.02$111.007.3%2.0%3.7%13.5%7.9%1.8%-0.1%290.8M-531.1M-9.8M2.4016.795,55813,356405,567848,060
2025-10-15$112.06$111.006.8%1.9%3.6%7.6%7.0%1.6%-0.2%354.6M-597.7M-9.6M0.9016.2217,04215,400407,921858,614
2025-10-16$112.40$111.006.9%2.0%3.6%9.0%7.8%1.9%0.3%285.2M-831.9M-9.6M0.4013.9126,61810,655408,379873,184
2025-10-17$112.19$111.006.6%1.9%3.7%5.9%7.1%1.7%0.0%421.7M-623.7M-9.8M0.2416.2040,9399,781432,166875,025
2025-10-20$112.53$111.006.1%1.7%3.7%1.2%6.7%1.4%0.2%120.1M-437.6M-9.0M0.0917.3051,9514,890325,376632,961
2025-10-21$112.66$112.006.3%1.8%3.7%2.8%8.7%1.4%-0.0%158.5M-520.9M-8.8M46.909.491,43067,069326,072636,547
2025-10-22$112.65$112.006.3%1.8%3.4%3.3%9.2%1.8%-0.1%124.6M-413.9M-9.0M1.6512.037,36112,168326,354641,526
2025-10-23$112.50$112.006.3%1.8%3.3%3.2%6.2%1.5%0.1%81.9M-501.8M-8.7M1.0713.2526,04427,950333,475648,277
2025-10-24$112.72$112.005.9%1.7%3.4%0.0%6.3%1.5%-0.0%131.7M-617.9M-8.7M1.3015.3110,21813,312354,838673,787
2025-10-27$112.88$112.005.4%1.5%3.2%0.0%5.5%1.2%0.1%191.2M-876.8M-7.6M0.5611.6129,59916,565354,272661,463
2025-10-28$112.88$112.005.5%1.6%3.1%0.5%5.5%1.2%0.3%237.8M-888.2M-8.0M0.3513.014,8741,714375,227677,483
2025-10-29$112.23$112.005.8%1.7%3.9%4.0%5.7%1.1%0.3%-35.7M-363.1M-8.0M1.6912.436,65311,259377,889678,364
2025-10-30$111.75$111.006.4%1.8%4.1%10.1%6.4%1.7%0.2%-255.9M129.0M-8.3M3.8920.2523,34290,709379,930677,751
2025-10-31$111.31$111.506.0%1.7%4.3%6.3%6.3%1.7%0.2%-382.8M702.1M-9.1M8.2213.6710,57786,992383,108757,549