IBIT Options History — April 2026

In April 2026, IBIT traded between $37.95 and $43.83. ATM implied volatility averaged 45.1%, placing in the 24.1% IV rank vs the trailing year. The 30-day expected move averaged 12.9%. IV traded above realized volatility by 5.7% (HV 20d: 39.5%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 12 of 13 trading days. Term structure was in contango for 7 of 13 days. Put/call ratio averaged 0.56.

Notable Days

2026-04-17: Highest Volume — 1,430,490 contracts
2026-04-08: Largest IV drop — 10.4% change
2026-04-01: Highest IV Rank — 34.6%
2026-04-01: Largest Expected Move — 14.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$41.17	$37.95	$43.83	$38.66	$42.47
Max Pain	$40.00	$40.00	$40.00	$40.00	$40.00
ATM IV	45.1%	41.7%	50.5%	50.5%	43.8%
Expected Move	12.9%	12.0%	14.5%	14.5%	12.5%
HV 20d	39.5%	35.7%	41.8%	40.8%	36.6%
HV 60d	60.1%	59.3%	61.1%	59.6%	59.4%
IV Rank	24.1%	17.5%	34.6%	34.6%	21.4%
IV Percentile	58.9%	40.9%	78.6%	78.6%	54.8%
Term Structure	0.3%	-0.4%	1.3%	-0.1%	-0.3%
VWIV	45.9%	43.0%	52.2%	52.2%	43.4%
Skew 25d	6.0%	2.7%	9.4%	8.9%	4.8%
Skew 10d	12.0%	6.4%	18.4%	18.0%	10.4%
Call IV 25d	42.9%	39.1%	46.8%	46.8%	41.9%
Put IV 25d	48.8%	45.2%	55.7%	55.7%	46.7%
Bid-Ask Spread %	2.69	2.10	3.23	2.53	2.10
Gamma HHI	0.07	0.04	0.24	0.04	0.05
Net GEX	106.8M	-24.5M	293.2M	23.4M	60.6M
Net DEX	-1.25B	-3.49B	711.4M	176.4M	-1.28B
Net VEX	-35.7M	-38.2M	-32.9M	-34.1M	-36.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.56	0.22	1.14	0.90	0.43
Total Volume	654,554.385	397,350	1,430,490	397,350	462,524
Total OI	6,196,888.615	5,863,186	6,589,122	6,059,538	6,373,657

Daily Data (13 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
2026-04-01	$38.66	$40.00	50.5%	14.5%	40.8%	34.6%	52.2%	8.9%	-0.1%	23.4M	176.4M	-34.1M	0.90	2.53	209,055	188,295	3,538,867	2,520,671
2026-04-02	$37.95	$40.00	48.9%	14.0%	39.6%	31.4%	50.7%	8.8%	0.3%	-24.5M	711.4M	-32.9M	0.60	2.88	331,548	200,557	3,527,614	2,506,724
2026-04-06	$39.55	$40.00	46.9%	13.4%	39.4%	27.5%	47.5%	8.4%	-0.2%	60.1M	-332.0M	-33.9M	0.69	3.06	377,769	259,282	3,468,297	2,394,889
2026-04-07	$39.00	$40.00	48.9%	14.0%	39.5%	31.4%	49.6%	9.4%	0.0%	25.3M	118.7M	-33.2M	1.14	2.55	195,120	223,373	3,550,073	2,442,587
2026-04-08	$40.41	$40.00	43.8%	12.6%	41.1%	21.5%	44.9%	7.6%	1.0%	108.5M	-888.0M	-34.7M	0.68	2.52	390,371	263,913	3,617,033	2,528,615
2026-04-10	$41.38	$40.00	41.7%	12.0%	41.8%	17.5%	43.0%	6.1%	1.3%	139.3M	-1.60B	-35.8M	0.37	2.57	382,120	141,837	3,732,567	2,532,021
2026-04-13	$41.47	$40.00	43.7%	12.5%	41.8%	21.4%	44.8%	5.5%	-0.1%	94.0M	-1.26B	-35.3M	0.45	2.70	333,985	150,131	3,605,422	2,429,284
2026-04-14	$42.06	$40.00	44.0%	12.6%	41.8%	22.0%	43.9%	4.3%	0.3%	135.2M	-1.79B	-36.4M	0.24	3.23	877,898	213,348	3,679,167	2,446,792
2026-04-15	$42.53	$40.00	44.4%	12.7%	39.6%	22.7%	45.4%	2.9%	0.3%	168.3M	-2.23B	-37.5M	0.30	2.58	438,866	132,319	3,893,141	2,521,146
2026-04-16	$42.66	$40.00	43.3%	12.4%	39.5%	20.6%	43.3%	3.8%	0.7%	183.1M	-2.28B	-37.2M	0.42	2.77	373,244	156,353	3,924,515	2,511,554
2026-04-17	$43.83	$40.00	43.5%	12.5%	35.7%	20.9%	43.8%	2.7%	0.5%	293.2M	-3.49B	-38.2M	0.22	2.95	1,174,588	255,902	4,016,331	2,572,791
2026-04-20	$43.24	$40.00	43.4%	12.5%	35.9%	20.8%	43.7%	4.0%	-0.4%	122.3M	-2.04B	-37.7M	0.82	2.52	427,146	349,663	3,850,762	2,375,032
2026-04-21	$42.47	$40.00	43.8%	12.5%	36.6%	21.4%	43.4%	4.8%	-0.3%	60.6M	-1.28B	-36.9M	0.43	2.10	324,222	138,302	3,826,195	2,547,462