iShares iBoxx Investment ... (LQD)
AMEX: LQD
· Real-Time Price · USD
110.19
0.86 (0.78%)
At close: Aug 22, 2025, 3:59 PM
110.00
-0.17%
After-hours: Aug 22, 2025, 06:54 PM EDT
LQD Delta Exposure By Expiry
The total Delta Exposure (DEX) for LQD across all expirations shows -3,458,916.35 net shares that market makers must hedge, with 9,197,695.98 from calls and 12,656,612.33 from puts. The put-call delta ratio of 1.38 indicates defensive positioning with heavy put protection, which could accelerate downward moves if breached. The largest delta concentration at Oct 17, 25 with -2,652,265.15 net DEX represents significant hedging pressure that could fuel downside acceleration. The nearest expiration on Aug 29, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
LQD DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 29, 25 | 231,108.44 | -188,848.11 | 42,260.33 | 0.82 |
| Sep 5, 25 | 204,053.48 | -159,267.94 | 44,785.54 | 0.78 |
| Sep 12, 25 | 22,559.91 | -7,609.15 | 14,950.76 | 0.34 |
| Sep 19, 25 | 4,197,237.14 | -4,166,855.65 | 30,381.49 | 0.99 |
| Sep 26, 25 | 629,869.13 | -18,297.66 | 611,571.47 | 0.03 |
| Oct 3, 25 | 1,025.85 | -2,047.1 | -1,021.25 | 2.00 |
| Oct 17, 25 | 2,053,306.46 | -4,705,571.61 | -2,652,265.15 | 2.29 |
| Nov 21, 25 | 431,923.33 | -1,296,983.05 | -865,059.72 | 3.00 |
| Dec 19, 25 | 1,085,743.77 | -1,062,277.75 | 23,466.02 | 0.98 |
| Jan 16, 26 | 194,798.73 | -301,329.29 | -106,530.56 | 1.55 |
| Mar 20, 26 | 64,626.72 | -216,609.46 | -151,982.74 | 3.35 |
| Apr 17, 26 | 4,842.64 | -214,750.02 | -209,907.38 | 44.35 |
| May 15, 26 | 5,576.04 | -589.33 | 4,986.71 | 0.11 |
| Jun 18, 26 | 20,766.27 | -3,288.97 | 17,477.3 | 0.16 |
| Jul 17, 26 | 315.25 | -304,491.56 | -304,176.31 | 965.87 |
| Aug 21, 26 | 0 | -841.93 | -841.93 | n/a |
| Jan 15, 27 | 49,942.82 | -6,953.75 | 42,989.07 | 0.14 |