IBIT Options History — January 2025

In January 2025, IBIT traded between $52.98 and $60.33. ATM implied volatility averaged 56.7%. The 30-day expected move averaged 16.1%. IV traded above realized volatility by 4.1% (HV 20d: 52.6%). Max pain ranged from $54.00 to $55.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 0.48.

Notable Days

  • 2025-01-17: Highest Volume — 795,383 contracts
  • 2025-01-24: Largest IV drop — 8.3% change
  • 2025-01-17: Largest Expected Move — 17.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$57.23$52.98$60.33$55.49$57.88
Max Pain$54.80$54.00$55.00$54.00$54.00
ATM IV56.7%51.2%61.0%58.8%51.2%
Expected Move16.1%13.7%17.6%15.5%14.0%
HV 20d52.6%43.8%60.7%57.7%45.7%
HV 60d50.8%50.8%50.9%50.8%50.9%
Term Structure0.7%-0.7%2.5%1.5%2.0%
VWIV57.3%49.7%62.3%55.7%50.3%
Skew 25d-1.6%-3.7%0.3%-2.3%-0.7%
Skew 10d1.1%-2.7%5.3%2.0%0.7%
Call IV 25d58.4%51.6%64.1%61.4%51.6%
Put IV 25d56.9%50.8%60.8%59.0%50.8%
Bid-Ask Spread %3.502.465.102.852.89
Gamma HHI0.110.040.550.100.07
Net GEX90.5M25.3M270.3M83.8M72.4M
Net DEX-2.76B-4.80B-1.09B-2.23B-2.67B
Net VEX-14.6M-16.2M-12.5M-12.5M-15.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.480.210.890.570.57
Total Volume416,386.6217,342795,383299,764462,717
Total OI2,252,810.451,985,8202,504,0782,054,7422,482,209

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-01-02$55.49$54.0058.8%15.5%57.7%0.0%55.7%-2.3%1.5%83.8M-2.23B-12.5M0.572.85191,230108,5341,330,258724,484
2025-01-03$56.06$54.0055.3%13.7%56.1%0.0%49.7%-2.7%2.5%270.3M-2.56B-12.6M0.343.29263,09189,5361,354,640741,286
2025-01-06$58.11$55.0057.0%17.0%57.5%0.0%60.6%-2.1%1.1%90.8M-3.16B-12.5M0.604.15300,616179,1311,288,221697,599
2025-01-07$54.64$55.0057.2%16.9%60.7%0.0%59.6%-1.6%0.4%41.8M-1.65B-12.7M0.894.55214,981190,8661,353,892774,191
2025-01-08$53.50$55.0056.0%16.2%58.0%0.0%57.9%-0.5%-0.5%25.3M-1.09B-12.7M0.774.55245,500189,9501,396,283832,645
2025-01-10$53.89$55.0054.5%15.9%58.0%0.0%56.5%-0.7%0.2%70.3M-1.28B-13.3M0.575.10319,992183,8231,427,022850,578
2025-01-13$52.98$55.0057.9%16.5%54.3%0.0%58.2%0.1%-0.7%26.1M-1.11B-13.4M0.514.06241,313122,8421,349,290820,295
2025-01-14$54.91$55.0055.9%16.2%55.9%0.0%57.8%-2.1%0.5%68.5M-2.12B-14.1M0.462.46249,979113,7451,436,296852,611
2025-01-15$56.80$55.0057.2%16.7%57.0%0.0%59.0%-1.5%0.9%110.8M-3.16B-14.5M0.512.87285,924146,2911,504,327885,631
2025-01-16$57.22$55.0058.0%16.8%54.9%0.0%59.7%-0.9%0.4%127.2M-3.40B-14.8M0.313.85239,33774,2751,556,562922,077
2025-01-17$59.84$55.0061.0%17.6%57.4%0.0%62.3%-3.3%0.7%137.7M-4.80B-15.1M0.423.64561,494233,8891,564,798939,280
2025-01-21$60.33$55.0059.8%17.1%52.3%0.0%61.7%-3.2%0.1%83.6M-3.64B-15.6M0.403.54310,519125,5571,352,710709,128
2025-01-22$59.30$55.0059.1%16.9%51.0%0.0%60.3%-3.7%0.4%77.6M-3.23B-15.9M0.482.67163,25978,9871,422,087753,917
2025-01-23$59.36$55.0060.7%17.4%51.0%0.0%61.7%-3.1%0.1%83.3M-3.31B-15.9M0.344.60498,125168,8221,449,330767,732
2025-01-24$59.75$55.0055.6%15.9%48.1%0.0%57.5%-1.2%0.5%119.9M-3.58B-16.0M0.363.16422,511153,8851,563,895777,851
2025-01-27$57.45$55.0057.2%16.2%45.7%0.0%57.9%-1.5%0.6%55.8M-2.47B-15.5M0.392.57273,049106,9241,446,425699,044
2025-01-28$57.97$55.0054.4%15.3%43.8%0.0%54.5%-0.7%1.0%65.2M-2.73B-15.9M0.372.53158,64258,7001,517,434745,664
2025-01-29$59.39$55.0054.0%15.0%43.9%0.0%53.2%0.0%1.4%92.0M-3.32B-16.2M0.213.28272,95856,7551,560,107772,945
2025-01-30$59.80$54.0053.3%14.7%43.9%0.0%51.7%0.3%1.4%107.3M-3.69B-16.2M0.533.43176,12293,8611,633,212800,253
2025-01-31$57.88$54.0051.2%14.0%45.7%0.0%50.3%-0.7%2.0%72.4M-2.67B-15.7M0.572.89295,177167,5401,667,772814,437