IBIT Options History — June 2025

In June 2025, IBIT traded between $58.03 and $62.52. ATM implied volatility averaged 40.4%, placing in the 2.5% IV rank vs the trailing year. The 30-day expected move averaged 11.5%. IV traded above realized volatility by 7.7% (HV 20d: 32.7%). Max pain ranged from $57.00 to $60.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 0.46.

Notable Days

2025-06-17: Highest Volume — 611,906 contracts
2025-06-06: Largest IV drop — 5.0% change
2025-06-10: Highest IV Rank — 12.3%
2025-06-10: Largest Expected Move — 12.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$60.26	$58.03	$62.52	$59.16	$61.06
Max Pain	$58.85	$57.00	$60.00	$57.00	$58.00
ATM IV	40.4%	37.4%	43.1%	41.4%	37.5%
Expected Move	11.5%	10.3%	12.8%	11.3%	10.5%
HV 20d	32.7%	30.1%	35.4%	32.4%	32.7%
HV 60d	44.0%	41.6%	51.0%	50.9%	41.6%
IV Rank	2.5%	0.0%	12.3%	0.0%	0.2%
IV Percentile	2.0%	0.0%	9.6%	0.0%	0.7%
Term Structure	1.2%	0.3%	1.9%	1.2%	0.3%
VWIV	41.6%	37.1%	46.2%	40.7%	38.1%
Skew 25d	0.6%	-1.2%	2.1%	1.1%	0.9%
Skew 10d	5.1%	2.1%	9.6%	5.4%	5.0%
Call IV 25d	41.2%	37.8%	44.8%	42.3%	38.3%
Put IV 25d	41.9%	39.0%	44.0%	43.4%	39.2%
Bid-Ask Spread %	3.89	2.40	6.20	2.40	3.58
Gamma HHI	0.08	0.05	0.24	0.07	0.08
Net GEX	141.4M	26.9M	269.6M	85.0M	196.4M
Net DEX	-5.07B	-6.97B	-3.58B	-4.36B	-5.44B
Net VEX	-27.5M	-28.4M	-26.3M	-26.7M	-28.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.46	0.29	0.67	0.41	0.35
Total Volume	426,444.95	258,007	611,906	258,007	401,560
Total OI	3,667,946.6	3,337,737	4,108,792	3,381,344	3,645,892

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2025-06-02	$59.16	$57.00	41.4%	11.3%	32.4%	0.0%	40.7%	1.1%	1.2%	85.0M	-4.36B	-26.7M	0.41	2.40	183,418	74,589	2,190,010	1,191,334
2025-06-03	$60.50	$57.00	41.4%	11.1%	31.1%	0.2%	40.8%	-1.2%	1.3%	117.1M	-5.18B	-27.2M	0.33	2.43	221,714	74,093	2,212,316	1,221,848
2025-06-04	$59.70	$57.00	41.0%	10.8%	31.8%	0.0%	39.4%	-0.4%	1.9%	99.0M	-4.72B	-26.9M	0.31	2.66	232,573	72,043	2,269,199	1,238,137
2025-06-05	$58.03	$60.00	42.1%	12.7%	33.8%	4.4%	44.9%	1.5%	1.5%	68.4M	-3.62B	-26.4M	0.65	3.20	257,236	166,760	2,309,522	1,261,081
2025-06-06	$59.30	$60.00	40.0%	12.2%	30.1%	0.0%	45.1%	0.1%	1.6%	88.2M	-4.46B	-26.9M	0.55	3.50	299,831	163,892	2,335,553	1,302,704
2025-06-09	$61.66	$60.00	41.6%	12.3%	32.4%	6.4%	43.8%	-0.9%	1.1%	166.0M	-6.12B	-27.3M	0.39	3.95	330,438	128,514	2,262,339	1,208,417
2025-06-10	$62.52	$60.00	43.1%	12.8%	32.0%	12.3%	45.7%	-0.8%	1.4%	209.0M	-6.97B	-28.0M	0.37	4.04	348,648	128,730	2,393,650	1,249,081
2025-06-11	$61.74	$60.00	41.2%	12.2%	30.5%	4.7%	43.6%	-0.7%	1.5%	213.3M	-6.39B	-28.4M	0.29	3.28	202,830	59,174	2,438,055	1,301,459
2025-06-12	$61.02	$60.00	40.0%	11.9%	30.3%	0.1%	42.5%	-0.1%	1.9%	198.4M	-5.82B	-27.9M	0.48	3.94	241,938	115,205	2,472,950	1,310,515
2025-06-13	$59.70	$60.00	41.8%	12.3%	31.4%	7.0%	44.4%	0.7%	1.8%	90.4M	-4.71B	-27.8M	0.65	4.35	272,932	177,423	2,511,422	1,375,743
2025-06-16	$61.72	$60.00	40.6%	11.8%	33.4%	2.6%	41.9%	0.2%	0.9%	171.2M	-6.29B	-27.8M	0.41	4.70	315,784	130,842	2,410,493	1,328,768
2025-06-17	$59.66	$60.00	42.3%	12.2%	35.4%	9.0%	46.2%	1.0%	0.8%	131.3M	-4.80B	-27.6M	0.65	4.55	370,311	241,595	2,489,311	1,355,678
2025-06-18	$59.16	$59.00	40.3%	11.5%	35.2%	1.1%	41.8%	1.4%	1.2%	92.5M	-4.37B	-27.8M	0.39	3.78	287,995	113,516	2,562,493	1,475,345
2025-06-20	$58.68	$59.00	40.2%	11.4%	34.8%	0.8%	40.5%	2.1%	1.3%	26.9M	-3.72B	-27.0M	0.66	3.99	360,953	238,190	2,602,102	1,506,690
2025-06-23	$58.41	$58.00	40.1%	11.2%	32.9%	0.5%	39.9%	1.7%	0.8%	66.8M	-3.58B	-26.3M	0.42	4.48	393,385	165,035	2,190,698	1,147,039
2025-06-24	$59.94	$58.00	39.1%	10.8%	33.8%	0.0%	38.8%	1.4%	1.0%	127.8M	-4.65B	-26.9M	0.67	4.29	312,065	209,927	2,257,705	1,183,708
2025-06-25	$61.25	$58.00	38.8%	10.8%	34.6%	0.0%	38.7%	1.2%	1.2%	189.2M	-5.57B	-28.1M	0.54	6.20	255,721	139,179	2,344,667	1,292,962
2025-06-26	$61.20	$58.00	37.4%	10.3%	33.2%	0.0%	37.1%	1.1%	0.9%	222.1M	-5.53B	-28.1M	0.40	3.66	219,421	87,714	2,397,323	1,310,369
2025-06-27	$60.75	$58.00	37.9%	10.5%	32.9%	1.6%	38.0%	2.1%	0.9%	269.6M	-5.17B	-28.1M	0.31	4.73	407,311	126,414	2,449,291	1,353,063
2025-06-30	$61.06	$58.00	37.5%	10.5%	32.7%	0.2%	38.1%	0.9%	0.3%	196.4M	-5.44B	-28.1M	0.35	3.58	297,507	104,053	2,412,970	1,232,922