IBIT Options History — February 2026

In February 2026, IBIT traded between $36.09 and $44.34. ATM implied volatility averaged 54.3%, placing in the 45.9% IV rank vs the trailing year. The 30-day expected move averaged 15.6%. IV traded below realized volatility by 17.4% (HV 20d: 71.7%). Max pain ranged from $42.00 to $50.00. Net GEX was positive for 6 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 1.01.

Notable Days

  • 2026-02-05: Highest Volume — 2,432,486 contracts
  • 2026-02-05: Largest IV spike — 59.0% change
  • 2026-02-05: Highest IV Rank — 100.0%
  • 2026-02-05: Largest Expected Move — 22.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.89$36.09$44.34$44.34$37.22
Max Pain$45.11$42.00$50.00$50.00$42.00
ATM IV54.3%47.8%84.1%47.8%50.4%
Expected Move15.6%14.1%22.2%14.1%14.7%
HV 20d71.7%44.4%82.5%48.6%80.7%
HV 60d55.6%46.1%58.6%46.4%57.8%
IV Rank45.9%32.2%100.0%50.2%34.4%
IV Percentile88.2%74.6%100.0%74.6%80.2%
Term Structure-0.5%-3.5%0.4%0.0%-0.5%
VWIV55.3%49.3%74.3%50.6%52.7%
Skew 25d10.3%5.4%25.3%5.4%10.4%
Skew 10d22.2%11.3%31.3%11.3%21.2%
Call IV 25d50.5%46.2%73.7%46.6%46.6%
Put IV 25d60.8%52.0%99.0%52.0%57.0%
Bid-Ask Spread %3.042.144.833.392.61
Gamma HHI0.060.030.160.040.08
Net GEX-16.1M-44.1M42.0M-23.3M-43.9M
Net DEX1.62B191.3M3.45B1.08B1.62B
Net VEX-34.2M-36.5M-29.8M-36.3M-32.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.010.591.450.990.87
Total Volume929,344.842513,7652,432,4861,138,539666,913
Total OI7,014,254.9476,005,4837,636,3336,005,4836,855,451

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-02-02$44.34$50.0047.8%14.1%48.6%50.2%50.6%5.4%0.0%-23.3M1.08B-36.3M0.993.39570,814567,7253,711,9712,293,512
2026-02-03$43.22$50.0050.6%14.9%44.4%59.4%54.5%6.7%-0.1%-24.3M1.36B-36.1M1.114.09628,395694,9783,859,9662,333,723
2026-02-04$41.66$49.0052.9%15.8%45.3%67.0%55.8%7.9%-0.1%-34.6M2.05B-35.4M1.173.04482,354566,3864,046,3522,545,797
2026-02-05$36.09$49.0084.1%22.2%65.2%100.0%74.3%25.3%-3.5%-32.9M3.45B-29.8M1.044.421,195,2701,237,2164,098,3052,595,171
2026-02-06$39.86$47.0057.6%16.1%77.2%48.5%56.5%12.7%-1.2%42.0M1.73B-36.1M0.824.83967,602789,6844,597,4142,870,926
2026-02-09$40.14$45.0053.9%15.3%77.5%41.2%53.5%8.3%-0.4%4.5M1.37B-36.5M0.964.28497,042476,1554,459,2782,873,702
2026-02-10$39.03$45.0055.2%15.7%77.2%43.7%57.0%10.8%-0.2%-9.5M1.71B-35.9M1.023.03320,887327,5694,563,0572,826,511
2026-02-11$38.13$45.0056.1%16.0%75.2%45.5%59.0%11.7%-0.3%-30.9M2.10B-34.5M0.802.14357,222286,2014,535,8172,895,939
2026-02-12$37.13$45.0057.6%16.3%72.9%48.4%54.2%12.6%-0.6%-44.1M2.44B-33.2M1.432.37502,156718,8184,533,5652,894,721
2026-02-13$39.03$45.0053.6%15.4%76.9%40.6%54.3%9.0%0.1%22.1M1.03B-35.5M0.702.85491,557344,8854,675,1482,961,185
2026-02-17$38.45$44.0052.4%15.0%76.7%38.3%52.8%7.8%-0.8%-23.2M1.43B-34.4M0.983.02278,869272,6924,505,9522,880,278
2026-02-18$37.67$44.0051.9%14.9%74.9%37.3%52.9%7.7%0.4%-42.9M1.84B-33.2M1.032.17255,981262,6364,574,9252,904,883
2026-02-19$38.02$44.0051.5%14.8%75.1%36.5%52.6%8.4%-0.3%-31.0M1.61B-33.7M1.212.35261,492315,6554,587,9672,854,650
2026-02-20$38.42$43.0049.3%14.2%75.6%32.2%49.3%8.3%-0.8%16.2M1.11B-34.1M0.743.06295,492218,2734,679,3522,847,973
2026-02-23$36.42$43.0054.9%15.9%76.7%43.2%58.5%13.9%-0.1%-41.9M1.97B-31.1M1.372.66342,208470,2523,803,4442,591,970
2026-02-24$36.55$43.0052.8%15.4%77.1%39.1%56.8%12.0%-1.5%-43.2M1.95B-31.5M0.912.27292,590265,6513,826,7712,716,453
2026-02-25$39.25$42.0050.3%14.7%82.5%34.3%52.8%7.6%-0.2%28.6M191.3M-35.4M0.592.89562,403330,3933,928,5552,779,906
2026-02-26$38.25$42.0049.5%14.4%82.4%32.7%51.6%8.3%-0.4%6.7M840.5M-34.3M1.452.31221,266321,8704,038,7512,721,503
2026-02-27$37.22$42.0050.4%14.7%80.7%34.4%52.7%10.4%-0.5%-43.9M1.62B-32.3M0.872.61356,170310,7434,072,0292,783,422