IBIT option chain

Strikes around the forward, as they were quoted at the close

Data as of 25 September 2026 (end of day)

2026-09-28(3 days)ATM 25.26%±1.09skew -1.51

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
5	3	$5.75	$6.15	—	$41.50	—	—	—	—	—
32	22	$5.20	$5.65	—	$42.00	—	—	—	—	—
0	12	$4.80	$5.15	—	$42.50	—	—	—	—	—
2	179	$3.75	$4.70	—	$43.00	—	—	—	—	—
0	300	$3.65	$4.20	—	$43.50	—	—	—	—	—
9	418	$3.50	$3.65	—	$44.00	43.06%	$0.01	$0.02	873	517
10	1,821	$3.05	$3.15	—	$44.50	37.73%	$0.01	$0.02	242	227
57	327	$2.59	$2.62	—	$45.00	35.46%	$0.02	$0.03	755	119
7	551	$2.10	$2.14	—	$45.50	31.80%	$0.03	$0.04	1,600	276
59	545	$1.62	$1.66	—	$46.00	28.61%	$0.05	$0.06	3,050	3,069
52	94	$1.17	$1.20	—	$46.50	26.75%	$0.10	$0.11	2,108	2,559
485	407	$0.77	$0.80	—	$47.00	25.43%	$0.20	$0.21	2,381	6,520
2,935	1,564	$0.47	$0.48	—	$47.50	25.24%	$0.39	$0.40	1,123	3,432
7,874	2,256	$0.26	$0.27	25.68%	$48.00	—	$0.68	$0.70	1,006	739
3,826	2,084	$0.14	$0.15	26.94%	$48.50	—	$1.05	$1.08	1,131	337
5,844	3,616	$0.07	$0.08	28.02%	$49.00	—	$1.48	$1.51	255	17
407	1,664	$0.04	$0.05	30.35%	$49.50	—	$1.94	$1.98	140	20
891	4,484	$0.02	$0.03	31.94%	$50.00	—	$2.43	$2.46	393	43
164	1,056	$0.01	$0.02	38.48%	$51.00	—	$3.35	$3.70	22	2
176	2,005	$0.01	$0.02	47.34%	$52.00	—	$4.35	$5.55	4	0
—	—	—	—	—	$54.00	—	$5.40	$7.60	0	2

Forward $47.58. The 25-delta put carries -1.51 volatility points over the 25-delta call.

2026-09-30(5 days)ATM 30.97%±1.72skew -0.57

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
0	166	$5.70	$6.20	—	$41.50	54.00%	$0.01	$0.02	340	0
0	36	$5.15	$5.70	—	$42.00	49.88%	$0.01	$0.02	1,104	19
10	119	$4.95	$5.20	—	$42.50	45.77%	$0.01	$0.02	467	24
14	509	$4.60	$4.65	—	$43.00	45.16%	$0.02	$0.03	2,490	1,280
7	153	$4.10	$4.15	—	$43.50	40.80%	$0.02	$0.03	537	288
1	526	$3.60	$3.65	—	$44.00	38.73%	$0.03	$0.04	1,587	28
29	371	$3.10	$3.20	—	$44.50	35.92%	$0.04	$0.05	5,207	865
20	321	$2.65	$2.68	—	$45.00	35.07%	$0.07	$0.08	1,978	429
4	187	$2.18	$2.22	—	$45.50	32.72%	$0.10	$0.11	2,135	1,897
32	771	$1.75	$1.78	—	$46.00	32.16%	$0.17	$0.18	2,622	509
8	392	$1.35	$1.38	—	$46.50	31.35%	$0.27	$0.28	1,376	1,970
292	797	$1.01	$1.03	—	$47.00	30.88%	$0.42	$0.43	1,243	1,275
2,123	2,972	$0.73	$0.74	—	$47.50	30.94%	$0.63	$0.65	397	903
2,023	1,680	$0.50	$0.52	31.10%	$48.00	—	$0.91	$0.92	1,171	400
1,508	2,329	$0.34	$0.35	31.54%	$48.50	—	$1.24	$1.27	3,678	7
933	3,434	$0.22	$0.23	31.92%	$49.00	—	$1.62	$1.65	432	99
1,084	1,035	$0.14	$0.15	32.52%	$49.50	—	$2.04	$2.07	56	0
7,924	6,278	$0.09	$0.10	33.48%	$50.00	—	$2.49	$2.52	133	9
586	2,315	$0.04	$0.05	36.19%	$51.00	—	$3.40	$3.50	13	3
192	1,330	$0.02	$0.03	39.65%	$52.00	—	$4.40	$4.45	12	2
40	691	$0.01	$0.02	43.11%	$53.00	—	$5.40	$5.45	6	0

Forward $47.60. The 25-delta put carries -0.57 volatility points over the 25-delta call.

2026-10-02(7 days)ATM 32.79%±2.16skew +1.37

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
4	91	$5.10	$5.20	—	$42.50	44.42%	$0.03	$0.04	2,856	1,192
70	1,445	$4.60	$4.70	—	$43.00	42.51%	$0.04	$0.05	2,488	116
44	1,441	$4.15	$4.20	—	$43.50	40.11%	$0.05	$0.06	2,081	23
178	3,381	$3.65	$3.75	—	$44.00	38.55%	$0.07	$0.08	3,004	939
10	1,721	$3.20	$3.25	—	$44.50	37.22%	$0.10	$0.11	1,367	477
216	4,122	$2.74	$2.78	—	$45.00	35.77%	$0.14	$0.15	2,839	605
74	2,802	$2.30	$2.34	—	$45.50	34.62%	$0.20	$0.21	13,372	627
393	4,748	$1.89	$1.92	—	$46.00	33.88%	$0.29	$0.30	2,054	3,174
122	3,085	$1.51	$1.55	—	$46.50	33.10%	$0.41	$0.42	1,228	1,335
862	2,009	$1.19	$1.21	—	$47.00	32.84%	$0.58	$0.59	5,437	5,093
9,342	8,733	$0.91	$0.93	—	$47.50	32.81%	$0.80	$0.81	11,982	2,292
18,504	10,673	$0.68	$0.69	32.73%	$48.00	—	$1.06	$1.08	1,623	719
9,568	5,167	$0.48	$0.50	32.45%	$48.50	—	$1.37	$1.39	2,330	77
18,844	9,037	$0.34	$0.35	32.51%	$49.00	—	$1.72	$1.75	1,432	712
16,476	1,941	$0.23	$0.25	32.79%	$49.50	—	$2.12	$2.15	744	12
6,223	30,288	$0.16	$0.17	33.17%	$50.00	—	$2.54	$2.58	1,143	268
829	2,034	$0.11	$0.12	33.85%	$50.50	—	$3.00	$3.05	94	0
1,142	2,822	$0.08	$0.09	35.07%	$51.00	—	$3.45	$3.50	353	9
530	3,228	$0.06	$0.07	36.49%	$51.50	—	$3.95	$4.00	2	1
1,136	13,356	$0.04	$0.05	37.09%	$52.00	—	$4.40	$4.50	7	0
130	1,553	$0.03	$0.04	38.48%	$52.50	—	—	—	—	—

Forward $47.62. The 25-delta put carries +1.37 volatility points over the 25-delta call.

2026-10-05(10 days)ATM 31.73%±2.50skew +0.02

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
0	7	$5.60	$5.70	—	$42.00	43.07%	$0.04	$0.06	32	0
—	—	—	—	—	$42.50	41.13%	$0.05	$0.07	30	0
5	3	$4.65	$4.75	—	$43.00	38.89%	$0.06	$0.08	120	2
—	—	—	—	—	$43.50	37.41%	$0.08	$0.10	1	501
1	9	$3.70	$3.80	—	$44.00	36.23%	$0.11	$0.13	591	1
—	—	—	—	—	$44.50	35.07%	$0.15	$0.17	5	0
1	11	$2.80	$2.85	—	$45.00	33.76%	$0.20	$0.22	483	87
2	1	$2.38	$2.44	—	$45.50	33.12%	$0.28	$0.30	14	2
0	24	$1.98	$2.03	—	$46.00	32.30%	$0.38	$0.40	688	100
11	22	$1.62	$1.67	—	$46.50	31.92%	$0.52	$0.54	297	236
1,105	1,014	$1.32	$1.35	—	$47.00	31.86%	$0.70	$0.73	1,094	119
518	778	$1.04	$1.07	—	$47.50	31.68%	$0.92	$0.95	43	551
168	2,238	$0.81	$0.84	31.82%	$48.00	—	$1.18	$1.21	692	24
344	880	$0.61	$0.64	31.67%	$48.50	—	$1.49	$1.52	29	47
131	1,953	$0.46	$0.48	31.81%	$49.00	—	$1.84	$1.88	111	66
54	193	$0.35	$0.36	32.28%	$49.50	—	$2.22	$2.26	6	5
2,104	5,068	$0.25	$0.27	32.49%	$50.00	—	$2.63	$2.67	5	0
189	953	$0.14	$0.15	33.70%	$51.00	—	$3.50	$3.60	300	0
280	98	$0.07	$0.09	34.92%	$52.00	—	$4.45	$4.55	6	0
0	238	$0.04	$0.06	37.00%	$53.00	—	$5.40	$5.50	5	0
25	508	$0.03	$0.04	39.60%	$54.00	—	—	—	—	—

Forward $47.62. The 25-delta put carries +0.02 volatility points over the 25-delta call.

2026-10-07(12 days)ATM 32.57%±2.81skew +0.17

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
0	—	$6.15	$6.25	—	$41.50	44.59%	$0.06	$0.07	—	0
—	—	—	—	—	$42.00	42.02%	$0.06	$0.08	28	27
—	—	—	—	—	$42.50	40.93%	$0.08	$0.10	10	2
—	—	—	—	—	$43.00	39.37%	$0.10	$0.12	15	17
—	—	—	—	—	$43.50	38.17%	$0.13	$0.15	0	212
2	2	$3.75	$3.85	—	$44.00	36.47%	$0.16	$0.18	1,269	14
—	—	—	—	—	$44.50	35.43%	$0.21	$0.23	9	10
3	0	$2.87	$2.94	—	$45.00	34.45%	$0.27	$0.30	236	20
3	5	$2.46	$2.53	—	$45.50	33.77%	$0.36	$0.39	3	77
0	6	$2.08	$2.14	—	$46.00	33.33%	$0.48	$0.51	1,525	52
4	6	$1.73	$1.81	—	$46.50	32.79%	$0.62	$0.66	1	10
15	14	$1.44	$1.48	—	$47.00	32.67%	$0.81	$0.85	9	65
412	5	$1.17	$1.20	—	$47.50	32.56%	$1.04	$1.07	17	14
32	633	$0.93	$0.97	32.57%	$48.00	—	$1.31	$1.34	62	125
149	310	$0.74	$0.78	32.90%	$48.50	—	$1.60	$1.64	1	0
17	247	$0.57	$0.61	32.86%	$49.00	—	$1.94	$2.00	5	0
35	50	$0.45	$0.47	33.16%	$49.50	—	$2.31	$2.37	2	0
641	171	$0.34	$0.37	33.46%	$50.00	—	—	—	—	—
38	35	$0.20	$0.22	34.28%	$51.00	—	$3.55	$3.65	5	1
18	43	$0.12	$0.14	35.71%	$52.00	—	$4.45	$4.55	2	0
333	77	$0.07	$0.09	37.04%	$53.00	—	$5.45	$5.55	4	0

Forward $47.63. The 25-delta put carries +0.17 volatility points over the 25-delta call.

2026-10-09(14 days)ATM 33.52%±3.13skew +0.04

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
0	180	$5.25	$5.30	—	$42.50	41.06%	$0.12	$0.13	2,002	12
0	590	$4.75	$4.85	—	$43.00	39.24%	$0.14	$0.15	611	285
0	1,397	$4.30	$4.35	—	$43.50	37.77%	$0.17	$0.18	1,900	154
10	1,008	$3.85	$3.90	—	$44.00	36.46%	$0.21	$0.22	1,143	698
17	1,167	$3.40	$3.50	—	$44.50	35.62%	$0.27	$0.28	1,569	303
42	2,572	$2.99	$3.05	—	$45.00	34.99%	$0.35	$0.36	1,058	141
35	1,693	$2.59	$2.64	—	$45.50	34.22%	$0.44	$0.46	884	323
29	4,548	$2.22	$2.26	—	$46.00	33.89%	$0.57	$0.59	1,711	192
51	2,337	$1.88	$1.91	—	$46.50	33.65%	$0.73	$0.75	501	1,631
117	1,178	$1.59	$1.61	—	$47.00	33.70%	$0.93	$0.95	496	809
1,264	2,701	$1.32	$1.34	—	$47.50	33.57%	$1.16	$1.17	543	465
910	1,730	$1.08	$1.10	33.50%	$48.00	—	$1.42	$1.44	1,139	345
389	1,863	$0.88	$0.90	33.68%	$48.50	—	$1.72	$1.74	226	44
841	8,376	$0.71	$0.72	33.74%	$49.00	—	$2.05	$2.08	173	19
1,306	1,641	$0.57	$0.58	34.03%	$49.50	—	$2.41	$2.45	123	0
775	3,901	$0.45	$0.46	34.19%	$50.00	—	$2.80	$2.83	39	3
1,858	2,800	$0.36	$0.37	34.67%	$50.50	—	$3.20	$3.25	10	0
334	734	$0.28	$0.29	34.86%	$51.00	—	$3.60	$3.70	19	1
25	1,007	$0.22	$0.23	35.26%	$51.50	—	—	—	—	—
916	6,357	$0.18	$0.19	36.11%	$52.00	—	$4.50	$4.60	13	0
211	1,341	$0.11	$0.12	36.96%	$53.00	—	$5.45	$5.55	8	0

Forward $47.67. The 25-delta put carries +0.04 volatility points over the 25-delta call.

2026-10-16(21 days)ATM 34.68%±3.97skew +0.13

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
0	28	$5.40	$5.45	—	$42.50	39.71%	$0.23	$0.24	52	412
66	15,423	$4.90	$5.00	—	$43.00	38.53%	$0.27	$0.28	12,669	246
6	64	$4.50	$4.55	—	$43.50	37.46%	$0.32	$0.33	2,916	116
286	15,044	$4.05	$4.15	—	$44.00	36.77%	$0.39	$0.40	21,910	1,268
2	31	$3.65	$3.70	—	$44.50	36.15%	$0.47	$0.49	2,168	579
858	23,719	$3.25	$3.30	—	$45.00	35.66%	$0.58	$0.59	16,314	1,512
0	24	$2.88	$2.92	—	$45.50	35.22%	$0.70	$0.72	1,130	307
339	27,403	$2.54	$2.57	—	$46.00	34.90%	$0.85	$0.87	13,323	1,081
19	30	$2.22	$2.25	—	$46.50	34.76%	$1.03	$1.05	974	185
10,339	45,609	$1.93	$1.95	—	$47.00	34.64%	$1.24	$1.25	2,139	605
102	728	$1.66	$1.68	—	$47.50	34.63%	$1.47	$1.49	572	944
2,653	54,601	$1.43	$1.44	34.70%	$48.00	—	$1.73	$1.75	4,307	490
4,368	12,040	$1.22	$1.23	34.78%	$48.50	—	$2.02	$2.04	742	156
953	20,296	$1.04	$1.05	35.00%	$49.00	—	$2.34	$2.36	4,751	207
1,402	4,351	$0.88	$0.89	35.17%	$49.50	—	$2.68	$2.70	825	21
2,309	45,238	$0.74	$0.75	35.34%	$50.00	—	$3.00	$3.10	6,066	19
279	1,690	$0.62	$0.63	35.53%	$50.50	—	$3.40	$3.50	63	0
3,611	10,483	$0.52	$0.53	35.81%	$51.00	—	$3.80	$3.90	1,084	52
653	1,165	$0.43	$0.44	35.95%	$51.50	—	$4.20	$4.30	24	0
2,643	14,997	$0.36	$0.37	36.31%	$52.00	—	$4.65	$4.75	844	0
2,873	12,619	$0.25	$0.26	37.00%	$53.00	—	$5.55	$5.65	29	0

Forward $47.69. The 25-delta put carries +0.13 volatility points over the 25-delta call.

2026-10-23(28 days)ATM 35.59%±4.71skew +0.01

Calls					Strike	Puts
Volume	Open int	Bid	Ask	IV		IV	Bid	Ask	Open int	Volume
53	286	$6.00	$6.05	—	$42.00	40.04%	$0.30	$0.31	2,356	74
2	66	$5.55	$5.60	—	$42.50	39.19%	$0.35	$0.36	429	16
88	178	$5.10	$5.20	—	$43.00	38.42%	$0.41	$0.42	1,409	51
10	923	$4.65	$4.75	—	$43.50	37.68%	$0.48	$0.49	737	48
29	1,561	$4.25	$4.35	—	$44.00	37.19%	$0.57	$0.58	894	139
17	155	$3.85	$3.95	—	$44.50	36.73%	$0.67	$0.69	913	455
32	651	$3.50	$3.55	—	$45.00	36.28%	$0.79	$0.81	2,230	269
7	836	$3.15	$3.20	—	$45.50	35.90%	$0.93	$0.95	444	69
61	663	$2.82	$2.86	—	$46.00	35.77%	$1.10	$1.12	1,202	132
40	625	$2.52	$2.54	—	$46.50	35.64%	$1.29	$1.31	1,129	217
330	1,231	$2.24	$2.26	—	$47.00	35.50%	$1.50	$1.52	656	227
1,609	518	$1.97	$1.99	—	$47.50	35.53%	$1.74	$1.76	324	71
513	1,439	$1.74	$1.75	35.60%	$48.00	—	$2.00	$2.02	1,181	139
1,623	1,757	$1.52	$1.54	35.65%	$48.50	—	$2.29	$2.31	362	30
189	2,691	$1.33	$1.34	35.70%	$49.00	—	$2.59	$2.62	204	19
283	2,520	$1.15	$1.17	35.76%	$49.50	—	$2.92	$2.94	41	0
580	5,673	$1.00	$1.02	35.96%	$50.00	—	$3.25	$3.35	1,251	110
62	2,223	$0.86	$0.88	36.01%	$50.50	—	$3.60	$3.70	14	0
56	2,881	$0.75	$0.76	36.27%	$51.00	—	$4.00	$4.10	37	0
7,014	1,869	$0.55	$0.56	36.52%	$52.00	—	$4.80	$4.90	9	10
35	1,454	$0.40	$0.42	36.99%	$53.00	—	$5.65	$5.75	13	0

Forward $47.73. The 25-delta put carries +0.01 volatility points over the 25-delta call.

How to read this

Calls on the left, puts on the right, the strike between them — the layout every chain uses. Each block is one expiration, and the heading carries its days to expiry, the at-the-money implied volatility, and the one-standard-deviation move that volatility implies over that time.

Only the 21 strikes nearest the forward are stored, which is the part of the board that carries the volume. The shaded side is in the money: below the forward for calls, above it for puts.

Implied volatility is shown on the out-of-the-money side only. An in-the-money option is nearly all intrinsic value quoted on a wide market, so a volatility solved from it would look authoritative and mean very little. The price is still shown, because the price is real; the blank is deliberate.