What’s iShares IBoxx $ Invest Grade Corp Bd Fd Upside After Today’s Bearish Options Activity?

 What's iShares IBoxx $ Invest Grade Corp Bd Fd Upside After Today's Bearish Options Activity?

In today’s session iShares IBoxx $ Invest Grade Corp Bd Fd (LQD) recorded an unusually high (2,037) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious LQD decrease. With 2,037 contracts traded and 99394 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: LQD161021P00123000 closed last at: $0.9 or 20% up. The stock decreased 0.47% or $0.57 on October 4, hitting $121.94. iShares IBoxx $ Invest Grade Corp Bd Fd (NYSEARCA:LQD) has risen 7.42% since March 1, 2016 and is uptrending. It has underperformed by 1.82% the S&P500.

iShares iBoxx $ Investment Grade Corporate Bond ETF , formerly iShares iBoxx $ Investment Grade Corporate Bond Fund, is an exchange-traded fund (ETF). The company has a market cap of $32.71 billion. The Fund seeks to track the investment results of the Markit iBoxx USD Liquid Investment Grade Index (the Index), which is a rules index consisting of liquid, the United States dollar-denominated, investment-grade corporate bonds for sale in the United States. It has a 15.92 P/E ratio. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, and gas and oil companies.

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