iShares Bitcoin Trust ETF (IBIT) IV/HV History
Comparing implied volatility to historical (realized) volatility reveals whether options are priced rich or cheap relative to actual price movement. Persistent gaps can signal trading opportunities.
Snapshot as of May 8, 2026.
- Spot Price
- $45.39
- ATM IV
- 37.0%
- HV 20-Day
- 28.9%
- HV 60-Day
- 44.1%
- IV Rank
- 8.2%
- IV Percentile
- 13.5%
As of May 8, 2026, iShares Bitcoin Trust ETF (IBIT) ATM implied volatility is 37.0%. 20-day realized volatility is 28.9%, producing an IV-HV spread of +8.1 vol points. Options are pricing in more volatility than the stock has recently delivered, the volatility risk premium. IV rank is 8.2%.
Learn how implied vs realized volatility is reported and how to read the data →
IBIT highest implied-volatility contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| CALL | $46.00 | May 15, 2026 | 23.7K | 47.0K | 32.7% | $0.57 | $0.58 |
Top 1 contracts from the ORATS-sourced nightly scan; ranked by iv within the broader S&P 500/400/600 + ETF universe.
Frequently asked IBIT iv/hv history questions
- Is IBIT options pricing rich or cheap right now?
- As of May 8, 2026, iShares Bitcoin Trust ETF (IBIT) ATM IV is 37.0% against 20-day realized volatility of 28.9%. IV rank is 8.2%. IBIT options are pricing in more volatility than the stock has recently realized: a positive variance risk premium worth 8.1 vol points.
- What is the IBIT variance risk premium?
- The variance risk premium is the persistent gap between implied and subsequently realized volatility. In equity markets it averages positive because option sellers demand compensation for bearing variance shocks. IBIT is currently priced consistently with this premium, which is one input to whether short-vol or long-vol structures carry their typical edge.
- What does IBIT IV rank mean for strategy selection?
- IV rank normalizes the current ATM IV to its 1-year range: 0% is the low, 100% is the high. IBIT's current rank of 8.2% signals where current pricing sits in its own 1-year history. High-rank regimes typically favor premium-selling structures (credit spreads, condors, covered calls); low-rank regimes typically favor premium-buying or long-volatility structures.