Volatility Shares Stock Options

BITX Etf   63.26  1.96  3.01%   
Volatility Shares' latest option contracts expiring on September 19th 2025 are carrying combined implied volatility of 1.09 with a put-to-call open interest ratio of 0.29 over 156 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on September 19th 2025. The total put volume is at 95.0, with calls trading at the volume of 3.9 K. This yields a 0.02 put-to-call volume ratio.

Open Interest Against September 19th 2025 Option Contracts

Volatility Shares option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in Volatility Shares' lending market. For example, when Volatility Shares' puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on Volatility Shares, he or she must hedge the risk by shorting Volatility Shares stock over its option's life.
The chart above shows Volatility Shares' distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Volatility Shares' open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Volatility Shares' option, there is no secondary market available for investors to trade.

Volatility Shares Maximum Pain Price Across 2025-09-19 Option Contracts

Max pain occurs when Volatility Shares' market makers reach a net positive position across all Volatility Shares' options at a strike price where option holders stand to lose the most money. By contrast, Volatility Shares' option sellers may reap the most after selling more options than buying, causing them to expire worthless.

In The Money vs. Out of Money Option Contracts on Volatility Shares

Analyzing Volatility Shares' in-the-money options over time can help investors to take a profitable long position in Volatility Shares regardless of its overall volatility. This is especially true when Volatility Shares' options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Volatility Shares' options could be used as guardians of the underlying stock as they move almost dollar for dollar with Volatility Shares' stock while costing only a fraction of its price.

Volatility Shares Trust In The Money Call Balance

When Volatility Shares' strike price is surpassing the current stock price, the option contract against Volatility Shares Trust stock is said to be in the money. When it comes to buying Volatility Shares' options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Volatility Shares Trust are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.

Volatility Current Options Market Mood

Volatility Shares' open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Volatility Etf's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.

Put-to-Call Open Interest

Put-to-Call Volume

It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Using current Volatility Shares' option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.

Rule 16 of the current Volatility contract

Base on the Rule 16, the options market is currently suggesting that Volatility Shares Trust will have an average daily up or down price movement of about 0.0681% per day over the life of the 2025-09-19 option contract. With Volatility Shares trading at USD 63.26, that is roughly USD 0.0431. If you think that the market is fully incorporating Volatility Shares' daily price movement you should consider buying Volatility Shares Trust options at the current volatility level of 1.09%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Purchasing Volatility Shares options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" Volatility calls. Remember, the seller must deliver Volatility Shares Trust stock to the call owner when a call is exercised.

Volatility Shares Option Chain

When Volatility Shares' strike price is surpassing the current stock price, the option contract against Volatility Shares Trust stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
Volatility Shares' option chain is a display of a range of information that helps investors for ways to trade options on Volatility. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Volatility. It also shows strike prices and maturity days for a Volatility Shares against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone.
Open IntStrike PriceCurrent SpreadLast Price
Call
BITX250919C001300001113130.00.28 - 0.80.65Out
Call
BITX250919C0012500024125.00.31 - 1.330.78Out
Call
BITX250919C0012000099120.00.42 - 0.940.9Out
Call
BITX250919C001150001115.00.29 - 1.592.62Out
Call
BITX250919C0011000052110.00.58 - 1.581.2Out
Call
BITX250919C0010500015105.00.88 - 1.621.06Out
Call
BITX250919C001000001058100.01.02 - 1.651.4Out
Call
BITX250919C0009500011195.01.42 - 2.251.7Out
Call
BITX250919C0009000098890.01.85 - 2.552.73Out
Call
BITX250919C00089000089.01.72 - 2.961.54Out
Call
BITX250919C00088000388.01.9 - 2.993.66Out
Call
BITX250919C00086000186.02.07 - 3.23.2Out
Call
BITX250919C0008500061885.02.54 - 3.152.59Out
Call
BITX250919C00084000184.02.53 - 3.42.7Out
Call
BITX250919C00082000382.02.62 - 3.83.74Out
Call
BITX250919C00081000881.03.2 - 3.83.5Out
Call
BITX250919C0008000046980.03.2 - 3.853.66Out
Call
BITX250919C000790002879.03.4 - 4.254.3Out
Call
BITX250919C000780001378.03.6 - 4.456.7Out
Call
BITX250919C000770002777.03.6 - 4.65.16Out
Call
BITX250919C000760002176.03.85 - 4.76.85Out
Call
BITX250919C00075000184075.04.2 - 4.84.65Out
Call
BITX250919C0007400032574.04.45 - 5.054.8Out
Call
BITX250919C000730001273.04.55 - 5.455.5Out
Call
BITX250919C0007200014072.04.75 - 5.756.31Out
Call
BITX250919C0007100012471.05.05 - 6.05.82Out
Call
BITX250919C00070000173470.05.1 - 6.155.9Out
Call
BITX250919C000690005669.05.7 - 6.77.65Out
Call
BITX250919C0006800010368.05.95 - 6.96.54Out
Call
BITX250919C0006700029467.06.4 - 7.156.7Out
Call
BITX250919C0006600016266.06.5 - 7.657.35Out
Call
BITX250919C00065000259565.07.45 - 7.77.5Out
Call
BITX250919C0006400018264.07.2 - 8.657.82Out
Call
BITX250919C0006300012963.08.0 - 8.758.55Out
Call
BITX250919C000620009962.08.7 - 9.159.1In
Call
BITX250919C00061000100561.08.9 - 9.559.35In
Call
BITX250919C00060000203960.09.45 - 9.99.8In
Call
BITX250919C0005900010959.09.55 - 10.911.87In
Call
BITX250919C0005800014858.010.05 - 11.312.09In
Call
BITX250919C0005700012257.010.5 - 11.8512.62In
Call
BITX250919C0005600032456.011.2 - 12.3512.15In
Call
BITX250919C0005500066955.011.9 - 12.812.4In
Call
BITX250919C0005400020754.012.6 - 13.7513.35In
Call
BITX250919C0005300028153.013.35 - 14.113.6In
Call
BITX250919C0005200074552.014.0 - 14.8515.36In
Call
BITX250919C0005100013751.014.45 - 15.5517.25In
Call
BITX250919C00050000189550.015.15 - 15.9516.0In
Call
BITX250919C0004900043449.015.95 - 17.116.19In
Call
BITX250919C000480004248.016.6 - 17.9518.2In
Call
BITX250919C0004700019347.017.45 - 18.5522.7In
Call
BITX250919C0004600011246.018.3 - 19.1520.68In
Call
BITX250919C0004500046445.019.15 - 20.019.88In
Call
BITX250919C0004400028244.019.8 - 21.023.1In
Call
BITX250919C000430004543.020.65 - 21.9513.99In
Call
BITX250919C0004200014742.021.3 - 22.7514.5In
Call
BITX250919C0004100018541.022.5 - 23.6526.02In
Call
BITX250919C0004000035940.023.35 - 24.4524.3In
Call
BITX250919C0003900028939.024.15 - 25.3523.85In
Call
BITX250919C000380002638.025.1 - 26.3518.43In
Call
BITX250919C000370001937.025.85 - 28.0527.75In
Call
BITX250919C0003600014336.026.9 - 28.2516.95In
Call
BITX250919C0003500010735.027.9 - 29.430.03In
Call
BITX250919C0003400013434.028.85 - 30.429.45In
Call
BITX250919C000330003533.029.55 - 31.5521.31In
Call
BITX250919C00032000932.030.45 - 33.4529.37In
Call
BITX250919C000310005931.031.65 - 33.622.86In
Call
BITX250919C00030000172830.032.7 - 34.133.8In
Call
BITX250919C00029000429.033.6 - 36.2530.5In
Call
BITX250919C000280001128.034.8 - 37.1524.32In
Call
BITX250919C0002500015725.037.65 - 40.129.14In
Call
BITX250919C00023000323.038.55 - 41.9528.73In
Call
BITX250919C000220001322.040.7 - 42.744.6In
Call
BITX250919C00021000121.041.35 - 43.932.73In
Call
BITX250919C00020000120.042.0 - 44.5540.7In
Call
BITX250919C00015000115.046.85 - 49.849.0In
Call
BITX250919C0000300013.059.45 - 61.361.0In
 Put
BITX250919P001300005130.066.15 - 68.666.15In
 Put
BITX250919P00125000100125.062.05 - 63.7562.05In
 Put
BITX250919P001200000120.056.75 - 59.156.75In
 Put
BITX250919P001150001115.051.35 - 53.7551.35In
 Put
BITX250919P001100000110.046.5 - 49.1546.5In
 Put
BITX250919P001050000105.042.35 - 44.142.35In
 Put
BITX250919P001000001100.037.55 - 40.237.55In
 Put
BITX250919P00095000095.032.75 - 35.232.75In
 Put
BITX250919P00090000990.028.45 - 30.1529.7In
 Put
BITX250919P00089000089.027.85 - 29.1527.85In
 Put
BITX250919P00085000385.024.1 - 26.033.0In
 Put
BITX250919P00084000284.023.15 - 24.9521.28In
 Put
BITX250919P00081000281.020.8 - 22.4521.24In
 Put
BITX250919P000800004480.020.1 - 22.020.6In
 Put
BITX250919P00077000377.017.45 - 18.928.05In
 Put
BITX250919P000750001075.015.9 - 17.5515.9In
 Put
BITX250919P00074000374.015.15 - 16.913.61In
 Put
BITX250919P00073000273.014.45 - 15.8521.55In
 Put
BITX250919P000720001172.013.9 - 15.5519.05In
 Put
BITX250919P000700008670.012.4 - 14.2511.6In
 Put
BITX250919P00067000367.010.4 - 11.6510.85In
 Put
BITX250919P00066000166.09.8 - 11.2510.75In
 Put
BITX250919P000650006165.09.55 - 10.659.59In
 Put
BITX250919P000640005564.08.7 - 9.658.47In
 Put
BITX250919P000630003863.08.2 - 9.358.5Out
 Put
BITX250919P0006200018962.07.7 - 8.77.25Out
 Put
BITX250919P00061000961.07.0 - 8.4513.65Out
 Put
BITX250919P0006000011860.06.8 - 7.156.95Out
 Put
BITX250919P000590001659.06.15 - 7.356.02Out
 Put
BITX250919P000580004058.05.8 - 6.255.86Out
 Put
BITX250919P000570002857.04.95 - 5.95.25Out
 Put
BITX250919P000560008356.04.85 - 5.854.75Out
 Put
BITX250919P0005500034655.04.2 - 5.04.25Out
 Put
BITX250919P0005400024654.03.95 - 5.04.3Out
 Put
BITX250919P0005300013753.03.75 - 4.53.85Out
 Put
BITX250919P000520005852.03.1 - 4.14.1Out
 Put
BITX250919P000510008551.02.8 - 3.93.65Out
 Put
BITX250919P0005000020750.02.55 - 3.252.92Out
 Put
BITX250919P000490003349.02.06 - 3.45.27Out
 Put
BITX250919P000480006348.02.16 - 2.832.49Out
 Put
BITX250919P000470004147.01.5 - 3.12.29Out
 Put
BITX250919P000460001646.01.29 - 2.861.9Out
 Put
BITX250919P0004500012145.01.54 - 2.461.94Out
 Put
BITX250919P000440005544.01.05 - 2.521.48Out
 Put
BITX250919P0004300011843.00.57 - 2.231.47Out
 Put
BITX250919P0004200016342.00.34 - 2.182.2Out
 Put
BITX250919P0004100022141.00.52 - 2.031.45Out
 Put
BITX250919P0004000026840.01.01 - 1.251.21Out
 Put
BITX250919P000390005439.00.9 - 1.731.99Out
 Put
BITX250919P000380007938.00.8 - 1.611.09Out
 Put
BITX250919P0003700044437.00.65 - 2.120.85Out
 Put
BITX250919P000360003636.00.06 - 1.790.74Out
 Put
BITX250919P0003500047035.00.62 - 1.490.88Out
 Put
BITX250919P000340001734.00.05 - 1.361.1Out
 Put
BITX250919P0003300023033.00.04 - 1.190.64Out
 Put
BITX250919P0003200011832.00.5 - 0.950.68Out
 Put
BITX250919P0003100020731.00.0 - 1.00.3Out
 Put
BITX250919P00030000129630.00.51 - 0.80.68Out
 Put
BITX250919P000290003429.00.0 - 0.861.2Out
 Put
BITX250919P000280002228.00.06 - 0.830.96Out
 Put
BITX250919P00027000627.00.44 - 0.80.58Out
 Put
BITX250919P00026000526.00.0 - 0.780.78Out
 Put
BITX250919P0002500049725.00.39 - 0.610.58Out
 Put
BITX250919P000240001024.00.0 - 0.760.7Out
 Put
BITX250919P000230005423.00.03 - 0.750.5Out
 Put
BITX250919P000220003722.00.0 - 0.750.75Out
 Put
BITX250919P00021000721.00.0 - 0.750.75Out
 Put
BITX250919P0002000012820.00.1 - 0.660.34Out
 Put
BITX250919P00019000219.00.0 - 0.750.3Out
 Put
BITX250919P000180005518.00.0 - 0.750.32Out
 Put
BITX250919P0001700014517.00.0 - 0.750.2Out
 Put
BITX250919P00016000716.00.0 - 0.750.75Out
 Put
BITX250919P0001500010115.00.0 - 0.750.41Out
 Put
BITX250919P00014000314.00.0 - 0.750.75Out
 Put
BITX250919P00012000712.00.0 - 0.750.35Out
 Put
BITX250919P000110002011.00.0 - 1.751.75Out
 Put
BITX250919P000100003910.00.0 - 0.750.7Out
 Put
BITX250919P0000500015.00.01 - 0.750.01Out
 Put
BITX250919P0000400014.00.0 - 0.20.02Out
 Put
BITX250919P00003000333.00.0 - 0.090.03Out

Other Information on Investing in Volatility Etf

Volatility Shares financial ratios help investors to determine whether Volatility Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Volatility with respect to the benefits of owning Volatility Shares security.