LQD Options History — February 2026

In February 2026, LQD traded between $110.00 and $111.72. ATM implied volatility averaged 5.4%, placing in the 4.6% IV rank vs the trailing year. The 30-day expected move averaged 1.5%. IV traded above realized volatility by 1.3% (HV 20d: 4.2%). Max pain ranged from $110.00 to $111.00. Net GEX was positive for 11 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 5.70.

Notable Days

  • 2026-02-10: Highest Volume — 235,454 contracts
  • 2026-02-23: Largest IV spike — 8.2% change
  • 2026-02-02: Highest IV Rank — 10.0%
  • 2026-02-05: Largest Expected Move — 1.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$111.10$110.00$111.72$110.09$111.72
Max Pain$110.79$110.00$111.00$111.00$111.00
ATM IV5.4%5.1%6.0%6.0%5.5%
Expected Move1.5%1.4%1.7%1.5%1.5%
HV 20d4.2%3.5%4.8%4.5%3.5%
HV 60d4.5%4.0%4.7%4.7%4.0%
IV Rank4.6%1.0%10.0%10.0%5.1%
IV Percentile6.8%0.8%15.5%15.5%12.7%
Term Structure0.1%-0.3%0.5%-0.1%0.4%
VWIV5.3%4.0%6.4%5.4%5.1%
Skew 25d0.8%0.4%1.1%1.1%0.6%
Skew 10d1.4%0.8%2.5%2.5%1.3%
Call IV 25d5.0%4.7%5.7%5.7%5.0%
Put IV 25d5.8%5.4%6.7%6.7%5.6%
Bid-Ask Spread %3.012.473.952.992.99
Gamma HHI0.170.120.240.200.14
Net GEX-199.9M-1.64B738.2M-1.14B158.0M
Net DEX-321.3M-1.41B1.78B1.66B-1.24B
Net VEX-13.4M-15.7M-10.9M-15.7M-10.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.700.1827.782.4527.78
Total Volume68,595.4218,443235,454103,94279,445
Total OI2,026,776.8421,742,1662,282,1901,897,2071,767,825

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-02-02$110.09$111.006.0%1.5%4.5%10.0%5.4%1.1%-0.1%-1.14B1.66B-15.7M2.452.9930,12573,817536,7071,360,500
2026-02-03$110.13$111.005.9%1.5%4.4%9.1%4.0%0.9%0.0%-1.27B1.57B-15.7M1.382.923,5534,890543,5651,399,164
2026-02-04$110.00$111.005.9%1.4%4.4%9.3%5.1%1.0%-0.0%-1.64B1.78B-15.6M4.593.0717,70181,334546,6691,385,074
2026-02-05$110.48$110.005.9%1.7%4.7%9.0%6.4%1.0%-0.0%-837.9M770.5M-15.4M10.613.9511,906126,273561,2751,487,861
2026-02-06$110.48$110.005.5%1.6%4.5%5.3%5.4%1.0%0.0%-695.2M604.8M-15.2M0.593.6020,25411,894576,1071,549,708
2026-02-09$110.50$110.005.4%1.5%4.4%4.3%5.5%0.9%0.0%-713.9M518.2M-14.1M1.372.9831,93543,821577,4761,481,760
2026-02-10$110.84$110.005.3%1.5%4.5%3.8%5.9%0.8%0.1%-271.3M-131.1M-14.8M10.633.4720,245215,209594,3731,502,554
2026-02-11$110.69$111.005.3%1.5%4.5%3.5%5.3%0.7%-0.3%-614.0M294.4M-15.0M2.992.975,02915,013604,5621,554,414
2026-02-12$111.23$111.005.3%1.5%4.7%3.6%5.1%0.9%-0.0%5.7M-691.2M-14.1M5.433.2515,80385,871594,0061,560,814
2026-02-13$111.55$111.005.2%1.5%4.8%2.2%5.5%0.7%0.1%367.0M-1.25B-13.6M2.512.7518,47146,292598,6461,622,323
2026-02-17$111.70$111.005.2%1.5%4.7%2.2%5.1%0.7%0.4%587.6M-1.39B-12.9M1.042.6321,74122,650599,5551,650,170
2026-02-18$111.55$111.005.1%1.4%4.0%1.0%5.2%0.8%0.5%490.3M-1.19B-12.3M0.282.9248,02613,335596,6921,661,559
2026-02-19$111.63$111.005.1%1.5%3.6%1.8%5.6%0.6%0.3%738.2M-1.39B-12.0M1.312.968,25410,792611,9961,670,194
2026-02-20$111.63$111.005.1%1.4%3.6%1.6%5.3%0.6%0.2%562.6M-1.41B-11.8M18.952.682,95956,086612,5861,666,486
2026-02-23$111.66$111.005.5%1.6%3.6%5.6%5.4%0.6%0.3%58.3M-1.06B-11.8M2.023.2412,52925,277487,0121,255,154
2026-02-24$111.62$111.005.4%1.5%3.6%4.5%5.3%0.5%0.3%99.1M-1.09B-11.3M0.182.8842,7207,648499,2461,266,913
2026-02-25$111.59$111.005.2%1.4%3.6%2.1%5.4%0.4%0.3%138.8M-1.18B-10.9M1.302.5713,18117,081506,3901,270,156
2026-02-26$111.72$111.005.2%1.4%3.5%2.9%5.1%0.7%0.3%175.8M-1.26B-11.0M12.892.473,03439,119480,6291,268,639
2026-02-27$111.72$111.005.5%1.5%3.5%5.1%5.1%0.6%0.4%158.0M-1.24B-10.9M27.782.992,76076,685484,3941,283,431