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iShares Bitcoin Trust ETF Shares IBIT

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Market dataready · fetched 2026-10-16T02:17:24.043Z

Delta surfaceAlpaca · derived absolute-delta buckets · 2026-10-16

Calculation methodology

PriceAlpaca · sip · 2026-10-15T23:59:40.100667599Z

FundamentalsAlpha Vantage · ready

Research2026-08-31 · 20 entries · 3 trades · 0 option records · 252 price bars

Share price$46.57
1D+1.8%
AH$45.04$45.48$45.93$46.38$46.825:30 AM6:30 AM9:00 AM1:00 PM2:00 PMIBIT
Sold putSold callAH

iShares Bitcoin Trust ETF Shares options

Live interpolated IBIT call and put midpoint premiums by absolute delta.iShares Bitcoin Trust ETF Shares$0.08$0.34$0.60$0.87$1.13$45.08$45.79$46.49$47.19$47.9020Δ25Δ30Δ35Δ40Δ45Δ50Δ55Δ60Δ65Δ70Δ75Δ80ΔOPTION PRICELive IBIT spot · $46.57IBIT PRICE$0.11$0.15$0.18$0.22$0.28$0.33$0.39$0.45$0.54$0.63$0.72$0.87$1.05$0.13$0.17$0.21$0.25$0.30$0.35$0.41$0.49$0.56$0.64$0.77$0.91$1.05
PutsExpensive1.12×
CallsCheap0.81×
SkewBearish+2.16 pp
Implied moveBearish±$0.80
TiltBearish2.4% PUT
Table
Values and derived Greeks for the plotted delta buckets
DeltaCallsPuts
Pseudo strikeIVB/E movePseudo strikeIVB/E move
20Δ47.4340.3%2.1%45.6047.7%2.4%
25Δ47.2739.8%1.8%45.8345.4%2.0%
30Δ47.1039.3%1.5%46.0343.4%1.6%
35Δ46.9539.0%1.3%46.1742.6%1.4%
40Δ46.8339.2%1.2%46.3141.8%1.2%
45Δ46.7139.4%1.0%46.4641.0%1.0%
50Δ46.5939.6%0.9%46.5940.9%0.8%
55Δ46.4639.9%0.7%46.7241.0%0.7%
60Δ46.3240.5%0.6%46.8541.1%0.6%
65Δ46.1941.1%0.5%46.9841.2%0.5%
70Δ46.0541.6%0.4%47.1542.1%0.4%
75Δ45.8643.1%0.4%47.3343.2%0.3%
80Δ45.6545.0%0.3%47.5144.3%0.2%

20Δ

Calls
Pseudo strike
47.43
IV
40.3%
B/E move
2.1%
Puts
Pseudo strike
45.60
IV
47.7%
B/E move
2.4%

25Δ

Calls
Pseudo strike
47.27
IV
39.8%
B/E move
1.8%
Puts
Pseudo strike
45.83
IV
45.4%
B/E move
2.0%

30Δ

Calls
Pseudo strike
47.10
IV
39.3%
B/E move
1.5%
Puts
Pseudo strike
46.03
IV
43.4%
B/E move
1.6%

35Δ

Calls
Pseudo strike
46.95
IV
39.0%
B/E move
1.3%
Puts
Pseudo strike
46.17
IV
42.6%
B/E move
1.4%

40Δ

Calls
Pseudo strike
46.83
IV
39.2%
B/E move
1.2%
Puts
Pseudo strike
46.31
IV
41.8%
B/E move
1.2%

45Δ

Calls
Pseudo strike
46.71
IV
39.4%
B/E move
1.0%
Puts
Pseudo strike
46.46
IV
41.0%
B/E move
1.0%

50Δ

Calls
Pseudo strike
46.59
IV
39.6%
B/E move
0.9%
Puts
Pseudo strike
46.59
IV
40.9%
B/E move
0.8%

55Δ

Calls
Pseudo strike
46.46
IV
39.9%
B/E move
0.7%
Puts
Pseudo strike
46.72
IV
41.0%
B/E move
0.7%

60Δ

Calls
Pseudo strike
46.32
IV
40.5%
B/E move
0.6%
Puts
Pseudo strike
46.85
IV
41.1%
B/E move
0.6%

65Δ

Calls
Pseudo strike
46.19
IV
41.1%
B/E move
0.5%
Puts
Pseudo strike
46.98
IV
41.2%
B/E move
0.5%

70Δ

Calls
Pseudo strike
46.05
IV
41.6%
B/E move
0.4%
Puts
Pseudo strike
47.15
IV
42.1%
B/E move
0.4%

75Δ

Calls
Pseudo strike
45.86
IV
43.1%
B/E move
0.4%
Puts
Pseudo strike
47.33
IV
43.2%
B/E move
0.3%

80Δ

Calls
Pseudo strike
45.65
IV
45.0%
B/E move
0.3%
Puts
Pseudo strike
47.51
IV
44.3%
B/E move
0.2%

Company coverage

Moat

Minimal

IBIT is a passthrough vehicle for Bitcoin exposure with no inherent competitive moat. BlackRock provides brand and distribution advantages, but the underlying asset (Bitcoin) and custody (Coinbase Prime) are commoditized. Multiple competitors offer…

Physical assets

Minimal

Holds Bitcoin — a digital asset, not a physical defensible asset. No manufacturing, infrastructure, or productive real-world assets. The only "physical" element is Coinbase's shared custody infrastructure.

Latest entries
  1. manual · physical-assets

    Holds Bitcoin — a digital asset, not a physical defensible asset. No manufacturing, infrastructure, or productive real-world assets. The only "physical" element is Coinbase's shared custody infrastructure.

  2. manual · moat

    IBIT is a passthrough vehicle for Bitcoin exposure with no inherent competitive moat. BlackRock provides brand and distribution advantages, but the underlying asset (Bitcoin) and custody (Coinbase Prime) are commoditized. Multipl…

Recent records
Action Type Relative size
SELL Equity +100%
SELL Equity +43%
SELL Equity +15%

Notes

Full portfolio moat / asset analysis

IBIT is a passthrough vehicle for Bitcoin exposure with no inherent competitive moat. BlackRock provides brand and distribution advantages, but the underlying asset (Bitcoin) and custody (Coinbase Prime) are commoditized. Multiple competitors offer spot Bitcoin ETFs with similar economics. Switching costs are essentially zero.

Full portfolio moat / asset analysis

Holds Bitcoin — a digital asset, not a physical defensible asset. No manufacturing, infrastructure, or productive real-world assets. The only "physical" element is Coinbase's shared custody infrastructure.