IBIT Options History — July 2025

In July 2025, IBIT traded between $59.91 and $68.07. ATM implied volatility averaged 39.2%, placing in the 9.6% IV rank vs the trailing year. The 30-day expected move averaged 11.2%. IV traded above realized volatility by 7.7% (HV 20d: 31.5%). Max pain ranged from $57.00 to $60.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 21 of 22 days. Put/call ratio averaged 0.42.

Notable Days

  • 2025-07-11: Highest Volume — 1,309,382 contracts
  • 2025-07-09: Largest IV spike — 8.3% change
  • 2025-07-16: Highest IV Rank — 18.9%
  • 2025-07-10: Largest Expected Move — 12.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$65.50$59.91$68.07$59.91$66.41
Max Pain$59.27$57.00$60.00$58.00$60.00
ATM IV39.2%35.4%42.0%36.5%35.4%
Expected Move11.2%9.8%12.2%9.8%10.3%
HV 20d31.5%26.6%35.2%33.4%26.6%
HV 60d33.1%30.8%40.5%40.2%30.8%
IV Rank9.6%0.0%18.9%0.0%0.0%
IV Percentile7.0%0.0%17.6%0.0%0.0%
Term Structure0.7%-0.0%1.4%0.6%-0.0%
VWIV40.0%36.0%43.8%36.2%36.2%
Skew 25d0.2%-2.5%2.4%2.4%1.7%
Skew 10d2.9%-0.5%7.6%7.2%4.0%
Call IV 25d40.1%35.0%43.8%36.5%35.0%
Put IV 25d40.3%36.7%43.1%38.9%36.7%
Bid-Ask Spread %3.772.425.303.362.52
Gamma HHI0.090.070.210.070.09
Net GEX251.0M128.8M427.4M128.8M204.6M
Net DEX-8.30B-11.20B-4.55B-4.55B-7.85B
Net VEX-34.0M-37.9M-27.3M-27.3M-35.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.420.200.640.480.33
Total Volume586,633.136309,6731,309,382386,907512,937
Total OI4,490,547.2733,587,3595,005,8223,587,3595,005,822

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-07-01$59.91$58.0036.5%9.8%33.4%0.0%36.2%2.4%0.6%128.8M-4.55B-27.3M0.483.36261,886125,0212,379,4351,207,924
2025-07-02$62.25$58.0039.5%10.4%35.2%10.3%37.8%0.4%1.1%263.7M-6.53B-28.8M0.383.14478,747182,9252,413,0441,286,190
2025-07-03$62.33$58.0039.0%11.8%34.8%8.5%41.5%0.0%1.2%280.6M-6.74B-29.6M0.313.77388,539122,2132,550,1551,344,880
2025-07-07$61.42$59.0038.0%11.4%33.5%4.9%42.2%0.1%1.2%191.3M-5.64B-28.6M0.504.28358,060179,9672,486,4081,275,978
2025-07-08$61.86$57.0036.6%10.9%32.8%0.2%39.4%0.1%1.4%207.6M-6.10B-29.7M0.363.93262,97195,8612,601,2631,396,120
2025-07-09$63.45$58.0039.6%11.6%31.1%10.8%42.1%-2.1%0.7%269.3M-7.60B-30.8M0.204.50465,76791,8872,679,3931,446,368
2025-07-10$64.45$58.0041.8%12.2%31.2%18.3%43.8%-2.5%0.9%353.3M-8.71B-32.6M0.354.38641,990227,5372,850,8841,477,352
2025-07-11$66.98$58.0040.2%11.6%33.4%12.8%41.3%-0.4%0.2%427.4M-11.20B-33.1M0.344.57976,926332,4562,978,7541,543,823
2025-07-14$68.07$60.0041.0%11.8%33.1%15.6%41.9%0.6%0.2%289.1M-10.80B-33.8M0.353.67762,742266,5702,876,1851,497,187
2025-07-15$66.18$60.0041.8%12.0%33.8%18.4%42.4%0.9%0.2%240.3M-8.95B-34.8M0.395.30568,254223,2422,963,0951,659,075
2025-07-16$67.69$60.0042.0%12.0%32.8%18.9%42.6%-0.3%0.5%282.2M-10.26B-36.4M0.254.84430,265109,2383,103,3041,732,581
2025-07-17$67.88$60.0039.7%11.4%29.5%11.0%40.1%-0.3%0.6%318.3M-10.59B-35.6M0.563.72298,977168,1863,172,4311,764,146
2025-07-18$66.72$60.0040.0%11.4%30.3%11.9%41.3%0.7%0.4%210.1M-9.23B-36.2M0.443.62427,905187,8633,175,7551,817,786
2025-07-21$66.32$60.0039.8%11.3%30.2%11.3%40.8%0.3%0.2%199.5M-7.93B-35.8M0.504.90458,568229,6092,882,1011,539,364
2025-07-22$67.84$60.0040.8%11.5%30.4%14.9%41.5%-1.2%0.5%251.0M-9.36B-37.5M0.554.28347,578189,4192,987,4991,672,260
2025-07-23$67.25$60.0039.9%11.2%30.1%11.8%39.6%-0.5%1.1%247.6M-8.88B-36.8M0.473.61218,692102,9193,074,9151,724,871
2025-07-24$67.65$60.0039.8%11.1%29.6%11.4%40.3%0.1%0.7%273.0M-9.19B-37.9M0.343.38356,720119,8003,094,7001,769,628
2025-07-25$66.53$60.0040.1%11.1%30.5%12.3%39.9%1.0%1.0%207.1M-8.17B-37.6M0.433.26424,966182,1933,167,7781,813,497
2025-07-28$66.84$60.0038.4%10.4%30.2%6.3%37.3%1.2%0.9%232.3M-8.28B-36.8M0.642.87259,368166,4623,028,9791,644,387
2025-07-29$66.78$60.0036.3%10.1%30.2%0.0%36.0%1.4%1.0%238.4M-8.24B-36.2M0.492.51207,335102,3383,087,8851,721,754
2025-07-30$66.25$60.0036.8%10.2%29.4%1.6%36.8%1.4%1.1%206.1M-7.76B-36.1M0.602.42245,104145,9263,121,3161,775,768
2025-07-31$66.41$60.0035.4%10.3%26.6%0.0%36.2%1.7%-0.0%204.6M-7.85B-35.3M0.332.52386,679126,2583,157,1411,848,681