iShares Bitcoin Trust ETF (IBIT) Options Chain

The options chain displays all available contracts with real-time quotes, Greeks, volume, and open interest for each strike and expiration. It is the primary tool for options trade selection.

iShares Bitcoin Trust ETF (IBIT) operates in the Financial Services sector, specifically the Asset Management - Cryptocurrency industry, with a market capitalization near $60.31B, listed on NASDAQ, carrying a beta of 2.03 to the broader market. The iShares Bitcoin Trust ETF is engineered to generally replicate the market price performance of Bitcoin. Led by Shannon Ghia, public since 2024-01-11.

Snapshot as of Jun 12, 2026.

Spot Price
$36.05
Total OI
7.3M
Total Volume
578.7K
Front Expiration
28 days
Second Expiration
35 days
ATM IV
38.9%
Avg Bid/Ask Spread
2.91%

As of Jun 12, 2026, iShares Bitcoin Trust ETF (IBIT) has 7.3M open contracts and 578.7K contracts traded. The nearest expiration is 28 days out, followed by 35 days. ATM implied volatility is 38.9%. Average bid/ask spread across the chain is 2.91%: moderate spreads, acceptable for most positions. The options chain aggregates every listed strike and expiration, letting traders evaluate skew, term structure, and liquidity in a single view.

How IBIT options chain Data Feeds Strategy Selection

Strategy selection on iShares Bitcoin Trust ETF options does not derive from any single metric in isolation. The options chain view above sits inside a broader read: ATM IV currently sits at 38.9% and dealer gamma exposure is negative, so dealer hedging amplifies directional moves. Combine the options chain data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.

How to read the IBIT chain depth

The listed-expirations table above shows every expiration available for iShares Bitcoin Trust ETF options with its days-to-expiration count and ATM implied volatility. Front-month expirations carry the most volume, the highest gamma, and the tightest bid-ask spreads; longer-dated tenors carry less liquidity but more vega exposure. IBIT front expiration sits at 28 days - the typical hedging horizon for monthly options. The contango term-structure slope of 0.008 means longer-dated tenors price in proportionally more IV.

IBIT chain mechanics and execution

Options are listed at standardized strike intervals (typically $1 for sub-$25 underlyings, $2.50-$5 for mid-cap, $10-$50 for large-cap), and the deltas of each listed strike are determined by where IV lies relative to the strike's moneyness. Average bid/ask spread on the IBIT chain is 2.91% - a measure of liquidity. Tighter spreads on liquid strikes mean lower transaction costs; wider spreads on long-dated or far-OTM strikes mean execution drag can dominate the math. The chain table on the SPA side shows the full per-strike, per-expiration grid; this SSR page summarizes the listed expirations and the front-month context to anchor the structural read.

Using the IBIT chain to build structures

Strategy selection starts with the chain: directional theses use single-leg calls or puts, range-bound theses use credit spreads or iron condors, vol theses use straddles or strangles, calendar theses use diagonal spreads. IBIT's current 11.14% expected move anchors wing placement - structures with wings at the implied band collect the modal-outcome premium under lognormal assumptions. Cross-reference with the gamma-exposure profile to understand where dealer hedging will reinforce or fight your position, and with the volatility-skew chart to confirm the strikes you're trading sit at the IV levels your strategy assumes.

Learn how the options chain is reported and how to read the data →

IBIT listed expirations

Per-expiration ATM implied volatility for IBIT options. Each row is one listed expiration with its days-to-expiration count and ATM IV pulled from the same term-structure feed that powers the SPA's expiration filter. Front-month expirations carry the highest gamma, the tightest bid-ask spreads, and the most volume; longer-dated tenors carry less liquidity but more vega.

ExpirationDTEATM IV
Jun 15, 2026331.6%
Jun 17, 2026536.7%
Jun 18, 2026637.1%
Jun 22, 20261036.5%
Jun 24, 20261237.4%
Jun 26, 20261438.1%
Jun 30, 20261837.3%
Jul 2, 20262038.0%
Jul 10, 20262838.6%
Jul 17, 20263539.4%
Jul 24, 20264239.4%
Jul 31, 20264939.8%
Aug 21, 20267040.9%
Aug 31, 20268041.1%
Sep 18, 20269841.9%
Oct 16, 202612642.9%
Nov 20, 202616144.3%
Nov 30, 202617144.5%
Dec 18, 202618945.1%
Jan 15, 202721745.6%
Mar 19, 202728046.7%
Jun 17, 202737048.3%
Dec 17, 202755351.4%
Jan 21, 202858851.6%
Jun 16, 202873553.7%
Dec 15, 202891754.8%

IBIT most-active contracts

TypeStrikeExpirationVolumeOIIVBidAsk
PUT$30.00Jul 17, 202624.9K38.2K49.4%$0.26$0.27
PUT$32.50Jun 26, 202620.6K39646.3%$0.18$0.19
PUT$35.50Jun 26, 202620.5K1.5K39.1%$0.80$0.83

Top 3 contracts from the institutional-grade nightly options scan; ranked by volume within the broader S&P 500/400/600 + ETF universe.

Frequently asked IBIT options chain questions

What does the IBIT options chain show right now?
As of Jun 12, 2026, iShares Bitcoin Trust ETF (IBIT) has 7.3M contracts outstanding and 578.7K traded today, with ATM IV of 38.9%. The full chain spans every listed strike and expiration with bid/ask, Greeks, volume, and open interest per contract.
What expirations are available for IBIT options?
The nearest expiration is 28 days out, followed by 35 days. Listed expirations typically extend monthly with weeklies between, plus LEAPS one to two years out for liquid names.
How tight are IBIT options bid/ask spreads?
Average bid/ask spread across the chain is 2.91%. Moderate spreads are acceptable for most defined-risk positions; size with awareness of execution slippage.