IBIT Options History — January 2026

In January 2026, IBIT traded between $47.52 and $55.36. ATM implied volatility averaged 40.2%, placing in the 25.0% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 3.0% (HV 20d: 37.3%). Max pain ranged from $48.00 to $53.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.52.

Notable Days

  • 2026-01-29: Highest Volume — 1,319,301 contracts
  • 2026-01-29: Largest IV spike — 11.7% change
  • 2026-01-06: Highest IV Rank — 35.5%
  • 2026-01-29: Largest Expected Move — 12.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$51.45$47.52$55.36$51.00$47.53
Max Pain$51.83$48.00$53.00$48.00$50.50
ATM IV40.2%37.3%43.4%41.4%41.2%
Expected Move11.6%10.7%12.4%11.7%12.0%
HV 20d37.3%32.6%44.3%34.0%44.2%
HV 60d45.9%45.0%46.7%45.2%45.7%
IV Rank25.0%15.1%35.5%28.8%28.1%
IV Percentile28.8%14.3%44.4%32.5%36.5%
Term Structure0.3%-0.4%0.8%0.2%0.8%
VWIV41.2%37.7%45.0%42.1%44.0%
Skew 25d3.3%1.7%5.9%2.9%4.2%
Skew 10d7.4%3.9%11.6%7.3%9.6%
Call IV 25d39.5%36.2%43.5%41.0%40.6%
Put IV 25d42.8%39.7%46.6%43.9%44.8%
Bid-Ask Spread %2.692.103.162.103.13
Gamma HHI0.060.030.090.080.04
Net GEX111.1M233.5K232.0M133.7M11.9M
Net DEX-2.64B-5.95B-177.0M-2.59B-265.6M
Net VEX-39.9M-43.2M-37.9M-37.9M-39.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.260.740.500.55
Total Volume648,327.45341,0291,319,301765,090936,162
Total OI6,072,3665,055,8036,855,7696,238,4846,270,271

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-01-02$51.00$48.0041.4%11.7%34.0%28.8%42.1%2.9%0.2%133.7M-2.59B-37.9M0.502.10509,760255,3303,978,5142,259,970
2026-01-05$53.50$51.0043.0%12.3%38.2%34.0%43.7%1.7%-0.3%168.6M-4.23B-40.2M0.552.80518,479284,7943,873,9952,214,010
2026-01-06$52.53$52.0043.4%12.3%36.7%35.5%44.2%1.8%-0.4%141.0M-3.52B-39.8M0.742.41227,422168,1053,963,0152,229,634
2026-01-07$51.53$53.0043.1%12.3%37.1%34.5%44.1%2.5%0.1%121.0M-2.77B-38.7M0.552.97220,592120,4374,018,9232,291,950
2026-01-08$51.47$53.0041.4%11.9%35.8%28.9%43.5%3.0%0.3%121.0M-2.63B-38.3M0.632.80321,857203,7384,051,9262,328,523
2026-01-09$51.20$52.0039.6%11.5%35.6%22.8%40.5%2.9%0.5%104.8M-2.44B-38.7M0.503.08397,022198,5684,142,9952,384,563
2026-01-12$51.84$52.0040.3%11.6%35.0%25.1%41.1%2.4%0.3%121.3M-2.92B-38.6M0.553.16307,684168,9794,034,7832,335,878
2026-01-13$53.53$52.0039.6%11.4%36.3%22.9%40.2%3.3%-0.1%197.6M-4.29B-40.7M0.622.70387,047239,5974,136,8682,355,179
2026-01-14$55.36$53.0041.4%11.9%32.7%28.8%41.6%3.3%0.1%232.0M-5.95B-43.2M0.262.49812,901214,1794,204,4232,442,937
2026-01-15$54.03$53.0039.8%11.4%33.8%23.4%40.8%3.1%-0.0%208.8M-4.73B-42.4M0.542.66275,334148,4434,329,7242,470,795
2026-01-16$54.00$53.0037.9%10.9%32.6%17.0%38.4%3.7%0.4%167.6M-4.59B-41.7M0.412.13396,216164,1884,352,1342,503,635
2026-01-20$50.80$53.0040.5%11.6%39.8%26.0%41.0%5.0%0.5%55.6M-1.48B-38.5M0.532.56583,704307,4063,230,9321,824,871
2026-01-21$51.00$52.0039.7%11.4%38.0%23.1%40.4%3.8%0.3%64.6M-1.68B-39.5M0.522.93365,266189,3943,380,5891,937,735
2026-01-22$50.72$52.0038.2%11.0%38.1%18.3%37.7%3.4%0.4%61.7M-1.61B-40.0M0.512.31302,876155,2223,461,4392,016,450
2026-01-23$50.61$52.0037.3%10.7%38.1%15.1%37.7%3.5%0.4%68.2M-1.78B-40.4M0.472.57420,532197,1343,635,8562,022,253
2026-01-26$49.77$52.0039.4%11.2%38.4%22.0%39.6%4.0%-0.1%53.8M-1.36B-39.1M0.462.61330,951151,5393,491,6741,978,138
2026-01-27$50.45$51.0038.0%11.0%38.6%17.3%39.5%3.1%0.7%84.1M-1.83B-40.2M0.452.93485,262217,8323,555,6252,013,595
2026-01-28$50.53$51.0037.7%11.0%38.5%16.6%39.2%2.4%0.8%105.0M-2.04B-41.3M0.402.63330,159133,1373,685,6642,105,848
2026-01-29$47.52$51.0042.2%12.4%44.3%31.4%45.0%5.9%0.7%233.5K-177.0M-38.4M0.722.82766,109553,1923,790,8302,141,176
2026-01-30$47.53$50.5041.2%12.0%44.2%28.1%44.0%4.2%0.8%11.9M-265.6M-39.7M0.553.13603,974332,1883,912,0472,358,224