LQD Options History — January 2026

In January 2026, LQD traded between $109.93 and $111.00. ATM implied volatility averaged 5.6%, placing in the 6.2% IV rank vs the trailing year. The 30-day expected move averaged 1.6%. IV traded above realized volatility by 1.4% (HV 20d: 4.2%). Max pain ranged from $110.00 to $111.00. Net GEX was positive for 5 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 3.48.

Notable Days

  • 2026-01-14: Highest Volume — 421,275 contracts
  • 2026-01-20: Largest IV spike — 18.0% change
  • 2026-01-20: Highest IV Rank — 14.6%
  • 2026-01-20: Largest Expected Move — 1.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$110.60$109.93$111.00$110.19$110.65
Max Pain$110.60$110.00$111.00$111.00$111.00
ATM IV5.6%5.3%6.5%5.5%5.5%
Expected Move1.6%1.5%1.9%1.5%1.5%
HV 20d4.2%3.8%4.4%4.3%4.1%
HV 60d4.8%4.6%5.1%4.8%4.6%
IV Rank6.2%3.4%14.6%5.3%5.6%
IV Percentile7.2%2.4%25.0%5.2%9.1%
Term Structure0.1%-0.2%0.5%0.5%0.4%
VWIV5.6%4.8%6.5%4.8%5.3%
Skew 25d0.9%0.5%1.2%0.9%0.5%
Skew 10d1.6%1.0%4.1%1.6%1.0%
Call IV 25d5.2%4.8%6.1%4.8%5.2%
Put IV 25d6.1%5.7%7.2%5.7%5.7%
Bid-Ask Spread %2.802.213.422.392.75
Gamma HHI0.190.150.240.160.20
Net GEX-373.8M-1.12B546.0M-313.9M-1.03B
Net DEX405.6M-528.8M2.53B726.2M566.2M
Net VEX-11.2M-15.7M-9.0M-9.3M-12.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.480.0925.150.091.21
Total Volume78,146.7513,783421,275107,74293,409
Total OI1,636,074.21,324,4051,992,4521,324,4051,856,501

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-01-02$110.19$111.005.5%1.5%4.3%5.3%4.8%0.9%0.5%-313.9M726.2M-9.3M0.092.3998,6429,100421,054903,351
2026-01-05$110.41$110.005.6%1.6%4.3%6.0%5.7%1.0%-0.0%-103.0M232.1M-9.0M1.573.4112,44319,556477,788892,589
2026-01-06$110.44$110.005.8%1.7%4.3%8.1%5.3%1.2%-0.0%-94.4M303.5M-9.6M0.312.8135,01310,990490,271905,165
2026-01-07$110.63$110.006.0%1.6%4.3%9.7%5.8%1.2%-0.0%90.1M-70.2M-9.4M4.272.834,62419,729511,362907,005
2026-01-08$110.28$110.005.8%1.7%4.4%7.8%6.0%1.2%-0.0%-123.8M494.4M-9.3M0.943.1430,97129,030516,444906,913
2026-01-09$110.59$110.005.6%1.5%4.3%6.0%5.7%0.9%-0.0%117.8M-129.5M-9.3M2.563.2921,55655,194530,181926,089
2026-01-12$110.47$110.005.6%1.6%4.3%6.1%5.2%0.9%0.1%-18.6M206.5M-9.7M0.372.2132,90212,076546,339965,074
2026-01-13$110.69$110.005.4%1.5%3.8%4.5%6.2%0.9%-0.2%366.5M-250.6M-9.2M2.492.4613,67034,091569,034976,353
2026-01-14$111.00$110.005.3%1.5%3.9%3.4%6.2%1.0%-0.1%546.0M-528.8M-9.5M25.152.4516,108405,167565,901988,149
2026-01-15$110.90$111.005.3%1.5%3.8%3.9%5.3%1.1%0.1%236.3M215.5M-12.3M1.742.2811,41719,845581,1991,386,366
2026-01-16$110.63$111.005.5%1.5%3.9%5.3%5.3%0.9%-0.2%-516.5M972.5M-13.4M1.172.2719,67523,110589,1491,403,303
2026-01-20$109.93$111.006.5%1.9%4.3%14.6%6.5%1.1%0.2%-1.12B2.53B-15.7M0.783.4286,14167,088432,9361,295,943
2026-01-21$110.53$111.005.8%1.7%4.3%8.3%6.1%0.9%0.2%-835.0M976.3M-13.3M8.383.387,26960,949444,6871,211,498
2026-01-22$110.77$111.005.4%1.5%4.3%4.2%5.5%0.7%0.2%-828.8M540.6M-13.2M0.373.0372,27826,711456,4801,228,479
2026-01-23$110.84$111.005.5%1.6%4.3%5.3%5.7%0.7%0.1%-748.8M437.9M-13.1M3.563.093,02210,761455,8731,250,164
2026-01-26$110.94$111.005.4%1.5%4.2%4.4%5.4%0.6%0.3%-711.5M59.8M-11.4M0.272.8644,93612,052456,9081,244,240
2026-01-27$110.85$111.005.4%1.5%4.2%3.9%5.2%0.6%0.4%-685.4M34.5M-11.8M1.692.6720,74235,128506,6221,255,682
2026-01-28$110.63$111.005.4%1.5%4.3%4.6%5.5%0.5%0.3%-816.0M334.0M-12.1M10.472.516,20564,991523,1111,284,990
2026-01-29$110.66$111.005.7%1.6%4.3%6.8%5.4%0.6%0.3%-887.5M457.5M-12.0M2.152.845,18311,161524,9871,333,304
2026-01-30$110.65$111.005.5%1.5%4.1%5.6%5.3%0.5%0.4%-1.03B566.2M-12.1M1.212.7542,23351,176517,5001,339,001