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.

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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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