IBIT Options History — March 2026

In March 2026, IBIT traded between $37.30 and $42.36. ATM implied volatility averaged 52.5%, placing in the 38.5% IV rank vs the trailing year. The 30-day expected move averaged 16.2%. IV traded below realized volatility by 8.7% (HV 20d: 61.2%). Max pain ranged from $40.00 to $42.00. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.73.

Notable Days

2026-03-04: Highest Volume — 1,083,575 contracts
2026-03-31: Largest IV drop — 6.8% change
2026-03-06: Highest IV Rank — 45.1%
2026-03-13: Largest Expected Move — 38.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$39.71	$37.30	$42.36	$39.30	$38.45
Max Pain	$40.50	$40.00	$42.00	$42.00	$40.00
ATM IV	52.5%	49.7%	55.9%	51.3%	50.8%
Expected Move	16.2%	14.3%	38.8%	15.0%	14.6%
HV 20d	61.2%	48.3%	85.4%	84.0%	49.0%
HV 60d	59.5%	57.1%	60.7%	57.4%	60.6%
IV Rank	38.5%	33.0%	45.1%	36.3%	35.3%
IV Percentile	87.3%	79.0%	94.4%	84.1%	80.6%
Term Structure	-0.2%	-1.1%	0.9%	-0.3%	-0.3%
VWIV	54.0%	50.2%	58.4%	54.5%	51.5%
Skew 25d	8.8%	6.3%	11.2%	7.8%	8.5%
Skew 10d	19.1%	15.1%	23.2%	15.5%	18.3%
Call IV 25d	49.2%	46.7%	51.8%	48.4%	47.5%
Put IV 25d	58.0%	53.8%	63.0%	56.2%	55.9%
Bid-Ask Spread %	3.11	1.95	4.01	2.91	2.68
Gamma HHI	0.04	0.03	0.10	0.04	0.04
Net GEX	41.3M	-31.8M	116.3M	36.5M	914.9K
Net DEX	-181.7M	-1.92B	1.05B	-25.8M	376.7M
Net VEX	-36.5M	-39.8M	-32.7M	-35.5M	-33.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.73	0.44	1.34	0.44	0.71
Total Volume	625,145.273	395,331	1,083,575	909,065	598,750
Total OI	6,647,547.5	5,768,976	7,263,842	6,569,990	6,018,469

Daily Data (22 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
2026-03-02	$39.30	$42.00	51.3%	15.0%	84.0%	36.3%	54.5%	7.8%	-0.3%	36.5M	-25.8M	-35.5M	0.44	2.91	631,968	277,097	3,891,629	2,678,361
2026-03-03	$38.78	$42.00	53.5%	15.9%	81.0%	40.5%	58.4%	9.4%	-0.9%	28.7M	303.6M	-35.5M	0.70	2.71	344,888	239,880	3,993,896	2,674,699
2026-03-04	$41.70	$42.00	52.8%	15.6%	85.4%	39.2%	55.4%	6.3%	-1.1%	92.9M	-1.92B	-39.8M	0.45	3.34	746,161	337,414	4,106,019	2,725,922
2026-03-05	$40.30	$40.00	53.3%	15.2%	85.2%	40.1%	56.6%	8.6%	-1.0%	64.4M	-632.9M	-38.8M	0.82	3.46	293,244	239,927	4,169,493	2,784,270
2026-03-06	$38.55	$40.00	55.9%	15.7%	69.1%	45.1%	56.6%	11.2%	-1.1%	29.1M	709.0M	-36.8M	0.70	3.95	437,094	307,953	4,243,988	2,868,776
2026-03-09	$39.05	$40.00	53.9%	15.3%	59.2%	41.2%	52.4%	8.6%	-0.2%	34.8M	301.1M	-36.8M	0.55	2.91	403,207	221,855	4,159,853	2,745,574
2026-03-10	$39.70	$40.00	53.1%	15.1%	59.5%	39.6%	53.8%	7.8%	-0.4%	48.9M	-140.9M	-37.1M	0.49	3.81	396,726	193,563	4,170,656	2,730,418
2026-03-11	$40.05	$40.00	52.9%	15.1%	58.7%	39.3%	53.2%	8.6%	-0.1%	64.9M	-382.7M	-37.9M	0.77	3.78	257,922	199,400	4,266,084	2,752,209
2026-03-12	$39.86	$40.00	52.8%	15.1%	58.0%	39.0%	57.8%	9.9%	-0.0%	52.1M	-120.3M	-37.5M	1.12	3.17	223,167	250,087	4,266,870	2,772,633
2026-03-13	$40.36	$40.00	52.2%	38.8%	57.1%	37.9%	53.6%	10.0%	0.5%	83.3M	-524.7M	-37.6M	0.55	3.62	583,287	321,722	4,315,715	2,830,148
2026-03-16	$41.98	$40.00	50.4%	14.4%	56.1%	34.4%	53.0%	7.8%	0.0%	116.3M	-1.45B	-38.9M	0.56	3.91	424,260	238,524	4,186,459	2,773,187
2026-03-17	$42.36	$40.00	49.7%	14.3%	55.7%	33.0%	50.2%	6.5%	-0.4%	98.2M	-1.63B	-39.1M	0.66	3.40	290,390	190,742	4,216,305	2,774,347
2026-03-18	$40.27	$41.00	52.7%	15.1%	58.5%	38.9%	52.0%	8.0%	-0.6%	26.7M	-97.7M	-36.9M	0.54	3.19	391,983	211,342	4,295,346	2,835,881
2026-03-19	$39.92	$41.00	52.8%	15.1%	58.6%	39.1%	54.6%	8.8%	-0.0%	19.0M	20.3M	-36.3M	1.08	4.01	345,956	372,826	4,321,793	2,814,920
2026-03-20	$39.64	$41.00	53.5%	15.3%	58.6%	40.4%	54.4%	10.4%	0.9%	24.3M	114.1M	-36.1M	0.82	2.74	328,297	268,861	4,409,472	2,854,370
2026-03-23	$40.22	$41.00	51.4%	14.8%	55.0%	36.4%	54.2%	9.1%	0.2%	49.3M	-524.7M	-35.9M	0.68	2.34	364,208	248,277	3,411,802	2,357,174
2026-03-24	$39.30	$41.00	52.2%	14.9%	55.9%	37.9%	53.9%	9.2%	-0.0%	20.5M	-40.9M	-35.4M	0.75	2.58	225,752	169,579	3,471,898	2,372,254
2026-03-25	$40.19	$40.00	50.4%	14.4%	50.4%	34.4%	51.6%	8.4%	0.3%	70.0M	-510.9M	-36.1M	0.88	2.67	252,942	221,725	3,531,235	2,427,787
2026-03-26	$38.86	$40.00	51.8%	14.9%	51.1%	37.1%	51.8%	9.1%	0.4%	-308.6K	327.6M	-34.8M	0.57	1.95	297,520	170,714	3,537,958	2,481,785
2026-03-27	$37.30	$40.00	53.6%	15.4%	52.3%	40.6%	54.7%	10.0%	0.1%	-31.8M	1.05B	-32.8M	0.88	2.64	351,609	310,240	3,614,221	2,485,840
2026-03-30	$37.56	$40.00	54.5%	15.7%	48.3%	42.5%	54.2%	9.9%	-0.4%	-20.7M	796.3M	-32.7M	1.34	2.74	244,006	328,131	3,466,958	2,439,371
2026-03-31	$38.45	$40.00	50.8%	14.6%	49.0%	35.3%	51.5%	8.5%	-0.3%	914.9K	376.7M	-33.6M	0.71	2.68	350,905	247,845	3,489,940	2,528,529