LQD Options History — November 2025

In November 2025, LQD traded between $110.31 and $112.03. ATM implied volatility averaged 6.9%, placing in the 14.6% IV rank vs the trailing year. The 30-day expected move averaged 2.0%. IV traded above realized volatility by 1.8% (HV 20d: 5.1%). Max pain ranged from $111.00 to $111.50. Net GEX was positive for 2 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 3.17.

Notable Days

  • 2025-11-20: Highest Volume — 101,792 contracts
  • 2025-11-20: Largest IV drop — 9.2% change
  • 2025-11-18: Highest IV Rank — 20.5%
  • 2025-11-18: Largest Expected Move — 2.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$110.88$110.31$112.03$110.53$111.88
Max Pain$111.03$111.00$111.50$111.50$111.00
ATM IV6.9%6.0%7.5%7.1%6.0%
Expected Move2.0%1.8%2.2%2.0%1.8%
HV 20d5.1%4.9%5.5%4.9%5.1%
HV 60d5.1%4.6%5.3%5.2%4.6%
IV Rank14.6%5.7%20.5%17.0%5.7%
IV Percentile23.9%1.6%48.8%30.2%1.6%
Term Structure-0.1%-0.7%0.4%-0.1%-0.1%
VWIV7.1%6.3%8.7%7.6%6.3%
Skew 25d1.7%0.7%2.4%2.4%0.7%
Skew 10d3.2%0.6%5.4%4.8%0.6%
Call IV 25d6.2%5.8%6.6%6.2%5.8%
Put IV 25d7.8%6.5%8.8%8.6%6.5%
Bid-Ask Spread %20.9413.4530.9716.4319.18
Gamma HHI0.170.130.250.150.13
Net GEX-451.6M-831.1M102.8M-488.6M59.8M
Net DEX887.2M-529.7M1.60B1.46B-371.2M
Net VEX-8.7M-10.6M-5.7M-10.6M-5.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.170.1413.751.360.15
Total Volume42,443.7894,117101,79225,41125,827
Total OI1,240,154.5791,071,0851,380,0151,206,7021,139,839

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-11-03$110.53$111.507.1%2.0%4.9%17.0%7.6%2.4%-0.1%-488.6M1.46B-10.6M1.3616.4310,76514,646381,692825,010
2025-11-04$110.75$111.007.3%2.1%4.9%18.6%8.7%2.2%-0.2%-428.0M1.26B-10.5M2.3520.425,38412,677382,100822,167
2025-11-05$110.40$111.007.2%2.0%5.0%17.4%6.9%2.4%-0.2%-535.1M1.57B-10.5M0.9019.0220,68318,699381,297819,744
2025-11-06$110.91$111.006.7%2.0%5.2%12.9%6.9%2.0%-0.0%-372.6M937.6M-10.5M13.7519.963,61849,731399,549827,088
2025-11-07$110.72$111.007.2%2.0%5.1%17.6%6.7%2.1%-0.1%-492.3M1.16B-10.4M0.4613.4511,3335,259405,307878,303
2025-11-10$110.78$111.006.9%2.0%5.0%14.7%7.4%2.0%0.0%-448.0M1.09B-10.0M1.2330.971,8452,272395,174867,631
2025-11-11$111.23$111.007.0%2.0%5.2%15.4%6.6%1.9%0.1%-302.2M554.1M-9.4M1.4417.2011,27516,202395,691868,592
2025-11-12$111.06$111.006.7%2.0%5.2%13.1%7.2%1.8%0.0%-455.2M708.5M-9.2M2.0721.744,83310,004396,712878,666
2025-11-13$110.57$111.007.1%2.0%5.2%16.9%7.1%2.1%-0.2%-696.3M1.35B-9.1M1.1014.8826,23828,813399,115886,250
2025-11-14$110.31$111.007.1%2.1%5.2%17.0%6.7%1.9%0.4%-831.1M1.60B-9.3M0.2126.1736,5357,515421,189886,591
2025-11-17$110.34$111.007.3%2.1%5.0%19.0%7.7%1.5%-0.7%-710.1M1.48B-8.6M5.9025.465,36031,626406,339879,373
2025-11-18$110.41$111.007.5%2.2%5.0%20.5%7.8%1.5%-0.6%-728.1M1.37B-8.4M1.9925.7015,40230,624409,868900,014
2025-11-19$110.35$111.007.5%2.1%5.0%20.4%7.6%1.5%-0.6%-826.1M1.40B-8.2M8.7222.235,66449,365407,542913,919
2025-11-20$110.53$111.006.8%1.9%5.1%13.5%7.1%1.7%0.1%-720.2M1.14B-8.0M13.0417.017,24894,544410,550901,260
2025-11-21$110.88$111.006.6%1.9%5.2%11.4%6.9%1.2%-0.0%-407.8M573.3M-7.2M1.9313.5519,77838,089412,632967,383
2025-11-24$111.30$111.006.6%2.0%5.4%11.7%6.8%1.2%0.0%-185.2M203.2M-6.9M1.1025.9433,06936,295329,960741,125
2025-11-25$111.66$111.006.3%1.9%5.5%8.6%6.3%0.9%-0.1%-116.3M-102.8M-6.5M2.3326.0823,90655,693333,568756,502
2025-11-26$112.03$111.006.0%1.8%5.3%5.8%6.5%0.7%-0.0%102.8M-529.7M-5.9M0.1422.4731,2814,334349,069786,126
2025-11-28$111.88$111.006.0%1.8%5.1%5.7%6.3%0.7%-0.1%59.8M-371.2M-5.7M0.1519.1822,4723,355351,474788,365