IBIT Options History — March 2025

In March 2025, IBIT traded between $44.72 and $51.39. ATM implied volatility averaged 52.4%. The 30-day expected move averaged 15.6%. IV traded below realized volatility by 6.3% (HV 20d: 58.7%). Max pain ranged from $50.00 to $54.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.62.

Notable Days

  • 2025-03-07: Highest Volume — 701,916 contracts
  • 2025-03-10: Largest IV spike — 15.8% change
  • 2025-03-10: Largest Expected Move — 20.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.36$44.72$51.39$48.61$47.03
Max Pain$51.71$50.00$54.00$54.00$50.00
ATM IV52.4%45.0%62.8%56.7%50.4%
Expected Move15.6%13.4%20.4%17.2%14.4%
HV 20d58.7%42.6%66.9%42.6%61.5%
HV 60d50.7%47.9%53.0%48.1%50.5%
Term Structure0.0%-1.3%1.4%-0.9%-0.3%
VWIV55.4%48.0%71.7%61.0%50.3%
Skew 25d2.7%0.5%4.9%1.1%4.0%
Skew 10d6.3%1.4%10.1%3.1%9.7%
Call IV 25d51.7%44.1%61.3%56.5%48.9%
Put IV 25d54.4%46.6%64.9%57.6%52.9%
Bid-Ask Spread %3.011.764.222.763.37
Gamma HHI0.070.030.140.040.06
Net GEX46.2M-6.8M101.7M35.3M38.5M
Net DEX-1.26B-2.22B187.1M-958.3M-1.24B
Net VEX-14.7M-16.2M-12.9M-14.9M-14.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.620.341.220.630.55
Total Volume366,437.381158,186701,916652,608215,422
Total OI2,605,748.4292,150,9532,870,4432,501,2962,259,669

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-03-03$48.61$54.0056.7%17.2%42.6%0.0%61.0%1.1%-0.9%35.3M-958.3M-14.9M0.632.76400,996251,6121,651,564849,732
2025-03-04$50.06$54.0058.6%17.8%44.6%0.0%63.5%2.6%-1.3%51.4M-1.46B-15.9M0.432.70450,861192,8341,744,883911,964
2025-03-05$51.39$53.0056.1%17.0%45.5%0.0%59.8%0.5%-0.6%80.2M-2.21B-16.2M1.032.73223,907229,9021,803,704921,831
2025-03-06$50.47$54.0056.8%17.4%45.5%0.0%61.9%1.2%-0.6%56.5M-1.67B-15.8M0.463.32270,235124,0161,830,330975,742
2025-03-07$49.88$54.0054.2%16.0%45.5%0.0%56.2%2.8%-0.5%32.3M-1.19B-15.1M0.634.22430,203271,7131,833,8171,007,089
2025-03-10$44.72$54.0062.8%20.4%58.7%0.0%71.7%3.5%-1.0%-718.1K187.1M-12.9M1.222.71289,327352,2311,711,301882,989
2025-03-11$47.30$54.0058.1%17.7%62.7%0.0%63.6%4.3%0.3%14.8M-579.1M-14.3M0.432.69276,676118,6861,769,432908,847
2025-03-12$47.06$54.0057.0%16.4%62.3%0.0%59.1%4.4%-0.7%10.6M-606.8M-14.0M0.742.00143,054105,4211,818,735920,601
2025-03-13$45.59$53.0056.0%15.7%61.9%0.0%55.4%4.2%-0.6%-6.8M-151.0M-13.2M0.891.76127,131112,8801,860,580935,090
2025-03-14$48.09$52.0052.7%14.0%65.8%0.0%49.0%4.9%0.2%28.7M-1.15B-14.1M0.511.95272,299139,5141,892,790938,316
2025-03-17$48.17$50.0052.4%15.5%65.3%0.0%54.4%3.2%0.7%44.0M-1.16B-14.3M0.353.23230,02780,2831,770,665849,507
2025-03-18$46.64$50.0053.1%15.6%64.7%0.0%55.0%3.4%0.2%31.4M-783.6M-14.1M0.572.67161,05891,2061,860,231847,421
2025-03-19$48.59$50.0050.6%15.2%65.9%0.0%54.4%1.3%1.4%67.0M-1.50B-14.9M0.343.71257,23887,4171,867,257879,907
2025-03-20$47.95$50.0048.2%14.6%65.0%0.0%52.2%1.7%1.2%66.2M-1.22B-14.5M0.673.24163,849109,7921,941,396886,866
2025-03-21$47.66$50.0046.4%14.1%64.0%0.0%50.7%0.7%0.8%64.9M-1.11B-14.2M0.773.01155,186119,5601,973,245897,198
2025-03-24$50.05$50.0046.3%14.0%66.9%0.0%49.4%2.3%0.5%81.7M-2.20B-15.1M0.443.76197,50686,6151,468,857682,096
2025-03-25$50.05$50.0045.0%13.7%62.4%0.0%48.4%1.4%0.7%87.5M-2.22B-15.3M0.413.23111,89046,2961,540,631710,707
2025-03-26$49.17$50.0046.8%13.9%60.1%0.0%49.5%2.1%0.3%77.3M-1.91B-15.1M0.703.64116,75581,8271,582,989725,991
2025-03-27$49.58$50.0045.0%13.4%59.9%0.0%48.0%2.6%0.5%101.7M-2.03B-15.2M0.363.57158,67457,1361,604,991763,358
2025-03-28$47.53$50.0048.1%14.1%61.9%0.0%50.4%4.1%0.5%8.4M-1.26B-14.5M0.833.01209,317174,6331,652,924785,474
2025-03-31$47.03$50.0050.4%14.4%61.5%0.0%50.3%4.0%-0.3%38.5M-1.24B-14.3M0.553.37139,29976,1231,522,617737,052