iShares Ethereum Trust ETF (ETHA) IV/HV History
Comparing implied volatility to historical (realized) volatility reveals whether options are priced rich or cheap relative to actual price movement. Persistent gaps can signal trading opportunities.
iShares Ethereum Trust ETF (ETHA) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $10.39B, listed on NASDAQ, carrying a beta of 2.74 to the broader market. The iShares Ethereum Trust ETF seeks to reflect generally the performance of the price of ether. Led by Shannon Ghia, public since 2024-07-23.
Snapshot as of May 15, 2026.
- Spot Price
- $16.77
- ATM IV
- 50.4%
- HV 20-Day
- 37.9%
- HV 60-Day
- 58.4%
- IV Rank
- 0.0%
- IV Percentile
- 0.0%
As of May 15, 2026, iShares Ethereum Trust ETF (ETHA) ATM implied volatility is 50.4%. 20-day realized volatility is 37.9%, producing an IV-HV spread of +12.5 vol points. Options are pricing in more volatility than the stock has recently delivered, the volatility risk premium. IV rank is 0.0%.
How ETHA iv/hv history Data Feeds Strategy Selection
Strategy selection on iShares Ethereum Trust ETF options does not derive from any single metric in isolation. The iv/hv history view above sits inside a broader read: ATM IV currently sits at 50.4% and dealer gamma exposure is negative, so dealer hedging amplifies directional moves. Combine the iv/hv history data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
Learn how implied vs realized volatility is reported and how to read the data →
ETHA highest implied-volatility contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| CALL | $17.00 | May 22, 2026 | 15.1K | 378 | 40.3% | $0.28 | $0.29 |
| PUT | $13.50 | May 29, 2026 | 2.3K | 128 | 71.2% | $0.05 | $0.06 |
Top 2 contracts from the ORATS-sourced nightly scan; ranked by iv within the broader S&P 500/400/600 + ETF universe.
Frequently asked ETHA iv/hv history questions
- Is ETHA options pricing rich or cheap right now?
- As of May 15, 2026, iShares Ethereum Trust ETF (ETHA) ATM IV is 50.4% against 20-day realized volatility of 37.9%. IV rank is 0.0%. ETHA options are pricing in more volatility than the stock has recently realized: a positive variance risk premium worth 12.5 vol points.
- What is the ETHA variance risk premium?
- The variance risk premium is the persistent gap between implied and subsequently realized volatility. In equity markets it averages positive because option sellers demand compensation for bearing variance shocks. ETHA is currently priced consistently with this premium, which is one input to whether short-vol or long-vol structures carry their typical edge.
- What does ETHA IV rank mean for strategy selection?
- IV rank normalizes the current ATM IV to its 1-year range: 0% is the low, 100% is the high. ETHA's current rank of 0.0% signals where current pricing sits in its own 1-year history. High-rank regimes typically favor premium-selling structures (credit spreads, condors, covered calls); low-rank regimes typically favor premium-buying or long-volatility structures.