IBIT251017P00050000 Option on iShares Bitcoin Trust
| IBIT Etf | USD 67.82 1.49 2.25% |
IBIT251017P00050000 is a PUT option contract on IShares Bitcoin's common stock with a strick price of 50.0 expiring on 2025-10-17. The contract was not traded in recent days and, as of today, has 86 days remaining before the expiration. The option is currently trading at a bid price of $0.81, and an ask price of $0.85. The implied volatility as of the 23rd of July is 86.0.
When exercised, put options on IShares Bitcoin produce a short position in IShares Etf. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on IShares Bitcoin's downside price movement.
Rule 16 of 2025-10-17 Option Contract
The options market is anticipating that iShares Bitcoin Trust will have an average daily up or down price movement of about 0.0332% per day over the life of the option. With IShares Bitcoin trading at USD 67.82, that is roughly USD 0.0225. If you think that the market is fully understating IShares Bitcoin's daily price movement you should consider buying iShares Bitcoin Trust options at that current volatility level of 0.53%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Out Of The Money Put Option on IShares Bitcoin
An 'Out of The Money' option on IShares has a strike price that IShares Etf has yet to reach, meaning the option has no intrinsic value. 'Out of The Money' options are usually less costly than 'In The Money' options, making them more desirable to traders with smaller amounts of capital. Some of the uses for IShares Bitcoin's 'Out of The Money' options include buying the options if you expect a big move in IShares Bitcoin's stock. Since 'Out of The Money' options have a lower up-front cost (i.e., no intrinsic value) than 'In The Money' options, buying it is a reasonable choice.
| Put Contract Name | IBIT251017P00050000 |
| Expires On | 2025-10-17 |
| Days Before Expriration | 86 |
| Vega | 0.053795 |
| Gamma | 0.009248 |
| Theoretical Value | 0.82 |
| Open Interest | 120 |
| Current Trading Volume | 62.0 |
| Strike Price | 50.0 |
| Last Traded At | 0.82 |
| Current Price Spread | 0.81 | 0.85 |
| Rule 16 Daily Up or Down | USD 0.0225 |
IShares short PUT Option Greeks
IShares Bitcoin's Option Greeks for the contract ending on 2025-10-17 at a strike price of 50.0 measures the various factors that affect its cost and calculated using a theoretical options pricing model. It helps investors make more informed decisions about whether to trade this option contract or when to trade it. In addition to IShares Bitcoin's option greeks, its implied volatility helps estimate the risk of IShares Bitcoin stock implied by the prices of the options on IShares Bitcoin's stock.
| Delta | -0.090062 | |
| Gamma | 0.009248 | |
| Theta | -0.015679 | |
| Vega | 0.053795 | |
| Rho | -0.015134 |
IShares long PUT Option Payoff at expiration
Put options written on IShares Bitcoin grant holders of the option the right to sell a specified amount of IShares Bitcoin at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of IShares Etf cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on IShares Bitcoin is like buying insurance aginst IShares Bitcoin's downside shift.
Profit |
| IShares Bitcoin Price At Expiration |
IShares short PUT Option Payoff at expiration
By selling IShares Bitcoin's put option, the investors signal their bearish sentiment. A short position in a put option written on IShares Bitcoin will generally make money when the underlying price is above the strike price. Therefore IShares Bitcoin's put payoff at expiration depends on where the IShares Etf price is relative to the put option strike price. The breakeven price of 49.18 is the critical point that divides the payoff function into two parts. Below the breakeven price, the payoff is dropping and negative (the seller makes a loss). Above the breakeven price, the payoff line is upward sloping as the option payoff increases in proportion to IShares Bitcoin's price. Finally, at the strike price of 50.0, the payoff chart is constant and positive.
Profit |
| IShares Bitcoin Price At Expiration |
iShares Bitcoin Trust Available Put Options
IShares Bitcoin's option chain is a display of a range of information that helps investors for ways to trade options on IShares. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for IShares. It also shows strike prices and maturity days for a IShares Bitcoin 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 Int | Strike Price | Current Spread | Last Price | |||
Put | IBIT251031P00085000 | 111 | 85.0 | 18.35 - 18.5 | 18.85 | In |
Put | IBIT251031P00080000 | 90 | 80.0 | 14.15 - 14.3 | 14.63 | In |
Put | IBIT251031P00079000 | 2 | 79.0 | 13.35 - 13.5 | 13.45 | In |
Put | IBIT251031P00078000 | 55 | 78.0 | 12.6 - 12.75 | 16.18 | In |
Put | IBIT251031P00077000 | 237 | 77.0 | 11.85 - 12.0 | 11.8 | In |
Put | IBIT251031P00076000 | 1 | 76.0 | 11.1 - 11.25 | 12.28 | In |
Put | IBIT251031P00075000 | 219 | 75.0 | 10.4 - 10.55 | 10.62 | In |
Put | IBIT251031P00074000 | 40 | 74.0 | 9.7 - 9.85 | 9.73 | In |
Put | IBIT251031P00073000 | 21 | 73.0 | 9.0 - 9.15 | 9.16 | In |
Put | IBIT251031P00072000 | 2514 | 72.0 | 8.35 - 8.55 | 8.58 | In |
Put | IBIT251031P00071000 | 3 | 71.0 | 7.75 - 7.9 | 8.5 | In |
Put | IBIT251031P00070000 | 185 | 70.0 | 7.15 - 7.3 | 7.36 | In |
Put | IBIT251031P00069000 | 6 | 69.0 | 6.6 - 6.7 | 6.55 | In |
Put | IBIT251031P00068000 | 942 | 68.0 | 6.05 - 6.15 | 5.9 | Out |
Put | IBIT251031P00067000 | 173 | 67.0 | 5.55 - 5.65 | 5.42 | Out |
Put | IBIT251031P00066000 | 449 | 66.0 | 5.05 - 5.15 | 5.25 | Out |
Put | IBIT251031P00065000 | 288 | 65.0 | 4.6 - 4.7 | 4.61 | Out |
Put | IBIT251031P00064000 | 344 | 64.0 | 4.2 - 4.3 | 4.21 | Out |
Put | IBIT251031P00063000 | 585 | 63.0 | 3.8 - 3.9 | 4.1 | Out |
Put | IBIT251031P00062000 | 137 | 62.0 | 3.4 - 3.5 | 3.35 | Out |
Put | IBIT251031P00061000 | 256 | 61.0 | 3.05 - 3.2 | 3.2 | Out |
Put | IBIT251031P00060000 | 505 | 60.0 | 2.77 - 2.85 | 2.83 | Out |
Put | IBIT251031P00059000 | 152 | 59.0 | 2.5 - 2.56 | 2.53 | Out |
Put | IBIT251031P00058000 | 276 | 58.0 | 2.23 - 2.32 | 2.56 | Out |
Put | IBIT251031P00057000 | 295 | 57.0 | 2.01 - 2.08 | 1.98 | Out |
Put | IBIT251031P00056000 | 219 | 56.0 | 1.81 - 1.88 | 2.06 | Out |
Put | IBIT251031P00055000 | 259 | 55.0 | 1.63 - 1.68 | 1.67 | Out |
Put | IBIT251031P00054000 | 178 | 54.0 | 1.47 - 1.53 | 1.49 | Out |
Put | IBIT251031P00053000 | 208 | 53.0 | 1.32 - 1.38 | 1.33 | Out |
Put | IBIT251031P00052000 | 525 | 52.0 | 1.2 - 1.25 | 1.31 | Out |
Put | IBIT251031P00051000 | 1098 | 51.0 | 1.09 - 1.14 | 1.13 | Out |
Put | IBIT251031P00050000 | 395 | 50.0 | 0.99 - 1.04 | 1.0 | Out |
Put | IBIT251031P00049000 | 31 | 49.0 | 0.9 - 0.95 | 0.99 | Out |
Put | IBIT251031P00048000 | 88 | 48.0 | 0.83 - 0.87 | 0.91 | Out |
Put | IBIT251031P00047000 | 37 | 47.0 | 0.76 - 0.81 | 0.79 | Out |
Put | IBIT251031P00046000 | 97 | 46.0 | 0.7 - 0.75 | 0.78 | Out |
Put | IBIT251031P00045000 | 116 | 45.0 | 0.65 - 0.69 | 0.81 | Out |
Put | IBIT251031P00044000 | 3015 | 44.0 | 0.6 - 0.65 | 0.65 | Out |
Put | IBIT251031P00043000 | 59 | 43.0 | 0.56 - 0.61 | 0.71 | Out |
Put | IBIT251031P00042000 | 53 | 42.0 | 0.52 - 0.57 | 0.65 | Out |
Put | IBIT251031P00041000 | 50 | 41.0 | 0.49 - 0.54 | 0.9 | Out |
Put | IBIT251031P00040000 | 153 | 40.0 | 0.46 - 0.51 | 0.49 | Out |
Put | IBIT251031P00039000 | 122 | 39.0 | 0.44 - 0.49 | 0.49 | Out |
Put | IBIT251031P00038000 | 15 | 38.0 | 0.42 - 0.46 | 0.43 | Out |
Put | IBIT251031P00037000 | 117 | 37.0 | 0.4 - 0.44 | 0.52 | Out |
Put | IBIT251031P00036000 | 1 | 36.0 | 0.38 - 0.43 | 0.38 | Out |
Put | IBIT251031P00035000 | 317 | 35.0 | 0.36 - 0.41 | 0.4 | Out |
Put | IBIT251031P00034000 | 480 | 34.0 | 0.35 - 0.39 | 0.5 | Out |
Put | IBIT251031P00033000 | 430 | 33.0 | 0.33 - 0.38 | 0.43 | Out |
Put | IBIT251031P00032000 | 9 | 32.0 | 0.32 - 0.36 | 0.47 | Out |
Put | IBIT251031P00031000 | 35 | 31.0 | 0.3 - 0.35 | 0.44 | Out |
Put | IBIT251031P00030000 | 354 | 30.0 | 0.29 - 0.33 | 0.31 | Out |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares Bitcoin Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
The market value of iShares Bitcoin Trust is measured differently than its book value, which is the value of IShares that is recorded on the company's balance sheet. Investors also form their own opinion of IShares Bitcoin's value that differs from its market value or its book value, called intrinsic value, which is IShares Bitcoin's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IShares Bitcoin's market value can be influenced by many factors that don't directly affect IShares Bitcoin's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between IShares Bitcoin's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Bitcoin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Bitcoin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.