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iShares Bitcoin Trust ETF IBIT

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Market dataready · fetched 2026-10-31T06:22:41.313Z

Delta surfaceAlpaca · derived absolute-delta buckets · 2026-11-06

Calculation methodology

Options historyIV: ThetaData historical Greeks, equal-weight mean of call/put 50-delta IV across the next four listed Friday-cycle expirations, including holiday shifts verified against ThetaData’s market calendar. Missing inputs leave gaps. Skew and implied move: recorded expiration-specific observations.

History data

PriceAlpaca · sip · 2026-10-31T04:57:41.689049739Z

FundamentalsAlpha Vantage · ready · fetched 2026-10-31T06:22:40.075474+00:00

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

Share price$44.19
1D-0.8%
AH$43.00$43.28$43.57$43.85$44.145:30 AM6:30 AM9:00 AM1:00 PM2:00 PMIBIT
Sold putSold callAH

iShares Bitcoin Trust ETF options

Live interpolated IBIT call and put midpoint premiums by absolute delta.iShares Bitcoin Trust ETF$0.00$2.44$4.87$7.31$9.75$38.79$40.86$42.92$44.99$47.0520Δ25Δ30Δ35Δ40Δ45Δ50Δ55Δ60Δ65Δ70Δ75Δ80ΔOPTION PRICELive IBIT spot · $44.19IBIT PRICE$0.23$0.30$0.37$0.45$0.53$0.62$0.71$0.81$0.91$1.01$1.12$1.22$1.33$0.43$0.57$0.73$0.90$1.10$1.32$1.60$1.93$2.36$2.99$3.91$5.60$9.04
PutsExpensive2.09×
CallsExpensive1.06×
SkewBearish+45.81 pp
Implied moveBearish±$2.31
TiltBearish54.3% PUT
Table
Values and derived Greeks for the plotted delta buckets
DeltaCallsPuts
Pseudo strikeIVB/E movePseudo strikeIVB/E move
20Δ46.0837.1%4.8%41.3565.3%7.4%
25Δ45.6836.0%4.0%41.9564.9%6.4%
30Δ45.3335.1%3.4%42.4964.4%5.5%
35Δ45.0234.2%2.9%42.9864.3%4.8%
40Δ44.7533.7%2.5%43.4564.7%4.2%
45Δ44.5033.2%2.1%43.9165.4%3.6%
50Δ44.2632.3%1.8%44.3866.9%3.2%
55Δ44.0331.4%1.5%44.8969.0%2.8%
60Δ43.8230.5%1.2%45.4772.5%2.4%
65Δ43.6129.5%1.0%46.2278.8%2.2%
70Δ43.4228.2%0.8%47.2388.2%2.0%
75Δ43.2426.7%0.6%48.98107.2%1.8%
80Δ43.0625.1%0.4%52.44136.9%1.8%

20Δ

Calls
Pseudo strike
46.08
IV
37.1%
B/E move
4.8%
Puts
Pseudo strike
41.35
IV
65.3%
B/E move
7.4%

25Δ

Calls
Pseudo strike
45.68
IV
36.0%
B/E move
4.0%
Puts
Pseudo strike
41.95
IV
64.9%
B/E move
6.4%

30Δ

Calls
Pseudo strike
45.33
IV
35.1%
B/E move
3.4%
Puts
Pseudo strike
42.49
IV
64.4%
B/E move
5.5%

35Δ

Calls
Pseudo strike
45.02
IV
34.2%
B/E move
2.9%
Puts
Pseudo strike
42.98
IV
64.3%
B/E move
4.8%

40Δ

Calls
Pseudo strike
44.75
IV
33.7%
B/E move
2.5%
Puts
Pseudo strike
43.45
IV
64.7%
B/E move
4.2%

45Δ

Calls
Pseudo strike
44.50
IV
33.2%
B/E move
2.1%
Puts
Pseudo strike
43.91
IV
65.4%
B/E move
3.6%

50Δ

Calls
Pseudo strike
44.26
IV
32.3%
B/E move
1.8%
Puts
Pseudo strike
44.38
IV
66.9%
B/E move
3.2%

55Δ

Calls
Pseudo strike
44.03
IV
31.4%
B/E move
1.5%
Puts
Pseudo strike
44.89
IV
69.0%
B/E move
2.8%

60Δ

Calls
Pseudo strike
43.82
IV
30.5%
B/E move
1.2%
Puts
Pseudo strike
45.47
IV
72.5%
B/E move
2.4%

65Δ

Calls
Pseudo strike
43.61
IV
29.5%
B/E move
1.0%
Puts
Pseudo strike
46.22
IV
78.8%
B/E move
2.2%

70Δ

Calls
Pseudo strike
43.42
IV
28.2%
B/E move
0.8%
Puts
Pseudo strike
47.23
IV
88.2%
B/E move
2.0%

75Δ

Calls
Pseudo strike
43.24
IV
26.7%
B/E move
0.6%
Puts
Pseudo strike
48.98
IV
107.2%
B/E move
1.8%

80Δ

Calls
Pseudo strike
43.06
IV
25.1%
B/E move
0.4%
Puts
Pseudo strike
52.44
IV
136.9%
B/E move
1.8%

Options history

IV · four-Friday blend36.63%
Daily close
IBIT28.1%38.2%48.2%2026-08-03: 33.42%2026-08-04: 31.50%2026-08-05: 30.87%2026-08-06: 30.31%2026-08-07: 29.79%2026-08-10: 32.99%2026-08-11: 31.10%2026-08-12: 30.24%2026-08-13: 30.41%2026-08-14: 29.70%2026-08-17: 31.70%2026-08-18: 29.51%2026-08-19: 37.04%2026-08-20: 40.86%2026-08-21: 43.45%2026-08-24: 46.85%2026-08-25: 43.45%2026-08-26: 40.17%2026-08-27: 41.49%2026-08-28: 36.48%2026-08-31: 36.45%2026-09-01: 36.97%2026-09-02: 34.51%2026-09-03: 45.62%2026-09-04: 36.92%2026-09-08: 40.97%2026-09-09: 40.43%2026-09-10: 40.64%2026-09-11: 35.94%2026-09-14: 40.68%2026-09-15: 42.70%2026-09-16: 38.80%2026-09-17: 31.41%2026-09-18: 37.19%2026-09-21: 42.37%2026-09-22: 39.27%2026-09-23: 38.64%2026-09-24: 37.79%2026-09-25: 34.09%2026-09-28: 36.18%2026-09-29: 35.14%2026-09-30: 35.17%2026-10-01: 35.66%2026-10-02: 31.75%2026-10-05: 33.67%2026-10-06: 33.17%2026-10-07: 35.23%2026-10-08: 36.96%2026-10-09: 32.98%2026-10-12: 34.43%2026-10-13: 34.72%2026-10-14: 37.38%2026-10-15: 37.50%2026-10-16: 36.25%2026-10-19: 35.59%2026-10-20: 35.33%2026-10-21: 35.68%2026-10-22: 38.08%2026-10-23: 36.23%2026-10-26: 38.67%2026-10-27: 37.06%2026-10-28: 37.80%2026-10-29: 36.63%Aug 3Sep 16Oct 29
63 observations2026-08-03 — 2026-10-29
Table
DateIV (%)
33.42%
31.50%
30.87%
30.31%
29.79%
32.99%
31.10%
30.24%
30.41%
29.70%
31.70%
29.51%
37.04%
40.86%
43.45%
46.85%
43.45%
40.17%
41.49%
36.48%
36.45%
36.97%
34.51%
45.62%
36.92%
40.97%
40.43%
40.64%
35.94%
40.68%
42.70%
38.80%
31.41%
37.19%
42.37%
39.27%
38.64%
37.79%
34.09%
36.18%
35.14%
35.17%
35.66%
31.75%
33.67%
33.17%
35.23%
36.96%
32.98%
34.43%
34.72%
37.38%
37.50%
36.25%
35.59%
35.33%
35.68%
38.08%
36.23%
38.67%
37.06%
37.80%
36.63%

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.