ETFs · ETFs - Sector
BITO Implied Volatility, IV Rank & Options Chain
ProShares Bitcoin Strategy ETF (BITO) options data: IV rank, options chain, GEX and Greeks. Comprehensive options market data for ProShares Bitcoin Strategy ETF (BITO).
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BITO options trade with implied volatility typically in the 35% - 90% range, averaging N/A in daily volume with good liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.
BITO implied volatility
As of 2026-10-26As of 2026-10-26, BITO's 30-day implied volatility is 37.5%, placing its 1-year IV percentile at 19.0 — above 19.0% of the past year's daily IV readings, a low-IV, premium-buying regime favoring long calls/puts and debit spreads.
BITO live chain, Greeks and GEX
TerminalEvery figure above is reference data. The live BITO chain, its Greeks, the gamma profile and the flow tape update through the session inside the Terminal.
BITO options at a glance
- Daily volume
- N/A
- IV range
- 35% - 90%
- Bid-ask spread
- N/A
- Expirations
- Weekly, monthly, LEAPS
- Open interest
- N/A
- Next earnings
- See earnings calendar
About ProShares Bitcoin Strategy ETF (BITO)
The ProShares Bitcoin Strategy ETF provides Bitcoin exposure through futures contracts. As one of the first crypto ETFs, it offers price exposure without direct ownership.
Company profile
- Sector
- ETFs
- Industry
- Crypto ETFs
- Market cap
- $2B+
- Exchange
- NYSE
Key dates
- Next earnings
- See earnings calendar
- Earnings frequency
- Quarterly
- Dividend schedule
- See company page
- Fiscal year end
- December
ProShares Bitcoin Strategy ETF operates in the ETFs sector.
ApexVol Terminal
Options analytics, live.
Chains, IV rank, expected move and dealer positioning for 5,500+ US stocks and ETFs.
- Live chains and Greeks
- IV rank and percentile
- Expected move and GEX
- Screener and strategy P&L
Free on AAPL, no account. Trial: no charge if you cancel before it ends.
BITO options market overview
BITO options provide good liquidity for options traders.
- Average daily volume
- N/A
- Total open interest
- N/A
- Put/call ratio
- N/A
- Typical ATM spread
- N/A
- Weekly options
- Available
- LEAPS available
- Yes
Liquidity assessment: Good
BITO options are available for trading across multiple expirations.
BITO implied volatility and IV rank
BITO implied volatility reflects the aggregate volatility of its underlying holdings. As an ETF, IV tends to be lower than individual components due to diversification.
Earnings impact
IV typically expands before earnings and contracts after the announcement.
The post-earnings volatility drop is known as IV crush. Holders of short BITO options should also understand early assignment risk around dividends and expiration.
Historical volatility vs IV
BITO IV generally trades near historical volatility, with premiums expanding around earnings.
Term structure
Typically upward sloping under normal conditions.
The smile, the term structure and the cone for BITO, on today's chain.
Open BITO in IV IntelligenceBITO gamma exposure (GEX)
Gamma Exposure analysis for BITO reveals dealer hedging dynamics at key strike levels.
- Typical GEX profile. BITO tends to operate in a positive gamma environment during normal conditions.
- Key levels.
- Dealer hedging.
Where the gamma sits on BITO right now, strike by strike.
See live BITO GEXCommon BITO options strategies
These are strategies commonly used by traders on BITO options, based on typical market characteristics. This is not investment advice.
Key considerations for BITO options
- BITO options liquidity varies by expiration - prefer near-term and monthly expirations for tighter spreads
- Monitor earnings dates for IV expansion/contraction patterns
- Consider the stock's beta when sizing positions
BITO key events
Earnings months. January, April, July, October
BITO options data by API, or in Claude
Every number on this page is one request away. The implied volatility API returns BITO's IV rank and percentile, the gamma exposure API its dealer positioning by strike, and the chain API every strike with Greeks. Connected to the ApexVol MCP server, Claude, Cursor or ChatGPT can ask for them in plain English.
curl -H "Authorization: Bearer avmcp_YOUR_TOKEN" \
"https://apexvol.com/api/mcp/data/iv-rank/BITO"What is BITO's IV rank right now, and where is its gamma flip?
Claude calls get_iv_rank and get_gexTry GEX on BITO in the console, more prompts for BITO, or set the server up in Claude Desktop, Claude Code, Cursor or ChatGPT.
- Written by
- ApexVol Research Team
Quantitative options research. All calculations use live institutional-grade data — the same source professional volatility desks use. - Reviewed by
- Ryan Silk, ApexVol Founder
Reviewed for technical accuracy. 10+ years trading options; built ApexVol's pricing engine, Greeks model and IV-rank methodology.
Revised as market conditions and institutional data change. Last revised 2026-10-26. How we research →
Track this name's volatility weekly. The week's biggest IV movers and the expected earnings moves, straight from the data.
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Questions
Frequently asked
about BITO options.
What is BITO's typical implied volatility?
BITO implied volatility typically ranges from 35% - 90%.
Does BITO have weekly options?
BITO offers weekly options.
What is BITO's options trading profile?
BITO (ProShares Bitcoin Strategy ETF) options trade with good liquidity, averaging N/A in daily volume, typical bid-ask spreads of N/A. Implied volatility typically falls in the 35% - 90% range. The position sits in the ETFs category for portfolio diversification and options strategy design.
How does BITO implied volatility behave around earnings?
IV typically expands before earnings and contracts after the announcement. Next scheduled earnings: See earnings calendar. Traders often size short premium positions for the post-earnings IV crush, while long premium buyers should be aware that the IV decline can outweigh small directional moves.
What options strategies work well on BITO?
Popular strategies on BITO options include Covered Calls, Vertical Spreads, Iron Condors. Strategy selection depends on the current IV environment versus the 35% - 90% typical range, days to next earnings, and the trader's directional outlook. Higher IV regimes favour premium-selling strategies; lower IV regimes favour directional debit spreads or long premium plays.
What is BITO's gamma exposure (GEX)?
Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence BITO's intraday price action. BITO tends to operate in a positive gamma environment during normal conditions. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live BITO GEX levels and the gamma-flip point on ApexVol.
What is BITO's IV rank?
BITO's IV rank shows where BITO's current implied volatility sits within its trailing 1-year range, scored 0–100. A reading near 100 means IV is near its yearly high — options are relatively expensive, which favors premium-selling strategies like credit spreads and iron condors. A reading near 0 means IV is near its yearly low, favoring premium-buying. BITO implied volatility typically ranges from 35% - 90%. Check BITO's live IV rank and percentile on ApexVol's IV analytics.
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Where BITO
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BITO analytics
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