iShares iBoxx $ Inv Grade Corporate Bond ETF Hits New 52-Week Low, More Downside Ahead

On CNBC's "Options Action," Michael Khouw of Optimize Advisors said that iShares iBoxx $ Inv Grade Corporate Bond ETF LQD traded 34 times its average daily put volume on Tuesday.

Check out other stocks making moves in the premarket.

There were buyers of 285,000 of the October 90 puts at 50 cents per contract, Khouw stated. Within this, there was a trade of 140,000 put spreads, he added.

LQD Price Action: The iShares iBoxx $ Inv Grade Corporate Bond ETF fell by 1.50% to settle at $101.44 on Tuesday.

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