IBIT Options History — February 2025

In February 2025, IBIT traded between $47.20 and $57.75. ATM implied volatility averaged 49.7%. The 30-day expected move averaged 14.3%. IV traded above realized volatility by 11.7% (HV 20d: 38.0%). Max pain ranged from $54.00 to $55.00. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 18 of 19 days. Put/call ratio averaged 0.54.

Notable Days

  • 2025-02-25: Highest Volume — 686,406 contracts
  • 2025-02-19: Largest IV drop — 6.3% change
  • 2025-02-06: Largest Expected Move — 15.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$53.60$47.20$57.75$57.75$47.59
Max Pain$54.89$54.00$55.00$55.00$54.00
ATM IV49.7%45.7%54.5%54.5%49.6%
Expected Move14.3%12.7%15.4%15.3%14.4%
HV 20d38.0%32.2%44.3%43.3%41.8%
HV 60d48.5%47.5%50.3%50.3%48.0%
Term Structure0.8%-0.1%1.8%0.4%-0.1%
VWIV51.0%45.2%55.4%55.4%51.2%
Skew 25d0.9%-0.9%3.7%-0.9%2.9%
Skew 10d4.7%0.7%9.2%2.5%5.7%
Call IV 25d50.1%45.9%55.5%55.5%49.1%
Put IV 25d51.0%46.3%54.7%54.7%52.0%
Bid-Ask Spread %3.452.394.253.123.01
Gamma HHI0.050.040.070.050.05
Net GEX45.6M-12.4M130.8M67.7M-12.2M
Net DEX-1.60B-2.85B217.4M-2.67B-3.7M
Net VEX-14.9M-16.2M-13.4M-15.9M-13.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.540.230.820.350.68
Total Volume390,500.053181,743686,406646,273598,391
Total OI2,498,096.1582,203,1842,688,0852,261,2232,688,085

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-02-03$57.75$55.0054.5%15.3%43.3%0.0%55.4%-0.9%0.4%67.7M-2.67B-15.9M0.353.12477,602168,6711,502,627758,596
2025-02-04$56.25$55.0053.8%14.6%44.3%0.0%53.2%-0.3%0.6%59.3M-2.24B-16.2M0.233.39294,14167,1251,597,312805,928
2025-02-05$55.17$55.0051.9%14.2%42.7%0.0%50.3%0.4%0.9%43.9M-1.84B-15.7M0.272.93247,07866,4781,664,097824,780
2025-02-06$55.14$55.0052.5%15.4%36.5%0.0%54.5%0.1%0.7%47.5M-1.87B-15.8M0.453.53189,20785,7701,698,283848,646
2025-02-07$54.64$55.0051.8%15.2%35.8%0.0%53.7%1.9%0.1%41.5M-1.74B-15.6M0.553.55242,810133,6971,737,985850,134
2025-02-10$55.44$55.0050.0%14.7%36.1%0.0%52.1%1.0%1.2%65.7M-2.15B-15.4M0.463.92124,33257,4111,609,021809,419
2025-02-11$53.97$55.0051.3%15.1%36.9%0.0%54.1%-0.4%1.1%40.8M-1.59B-15.1M0.503.95173,52686,5091,639,392825,056
2025-02-12$55.20$55.0049.6%14.5%35.5%0.0%51.5%0.5%1.1%72.6M-2.12B-15.1M0.664.25158,130105,1371,669,132865,017
2025-02-13$54.70$55.0049.3%14.3%33.4%0.0%50.8%0.4%0.7%60.3M-1.90B-15.0M0.383.72176,14066,2911,704,376875,049
2025-02-14$55.67$55.0049.4%14.5%33.9%0.0%51.6%-0.7%1.8%99.6M-2.47B-15.3M0.344.12288,05197,4681,726,523885,449
2025-02-18$53.38$55.0050.0%14.4%32.2%0.0%51.6%-0.4%0.1%42.5M-1.45B-14.1M0.563.35297,636165,4061,647,851790,786
2025-02-19$54.75$55.0046.9%13.4%33.7%0.0%48.1%0.4%1.8%78.0M-2.17B-14.7M0.723.82220,171157,9681,717,988852,815
2025-02-20$56.11$55.0045.8%13.1%34.9%0.0%46.7%0.5%1.7%130.8M-2.85B-15.1M0.573.11181,131104,0231,729,139867,663
2025-02-21$54.03$55.0046.8%13.2%37.0%0.0%47.4%1.9%1.7%18.0M-1.70B-15.0M0.743.55273,860201,4061,769,646900,580
2025-02-24$53.64$55.0045.7%12.7%36.8%0.0%45.2%0.4%1.4%33.0M-1.51B-14.7M0.662.39194,785128,1451,458,082745,102
2025-02-25$50.09$55.0047.5%13.5%41.5%0.0%49.2%2.5%0.0%-212.8K-399.8M-13.4M0.822.87378,091308,3151,496,281777,727
2025-02-26$47.70$55.0050.4%14.8%43.6%0.0%53.5%2.9%0.2%-9.4M79.4M-13.4M0.733.54347,542252,1191,573,836890,255
2025-02-27$47.20$54.0048.5%14.0%41.7%0.0%48.9%3.7%0.3%-12.4M217.4M-13.6M0.643.54185,817119,1211,711,832949,337
2025-02-28$47.59$54.0049.6%14.4%41.8%0.0%51.2%2.9%-0.1%-12.2M-3.7M-13.9M0.683.01356,225242,1661,731,048957,037