Investors in the Ishares Bitcoin Trust ETF (IBIT) now have new options available for expiration on December 18, 2024, with a total of 263 days until expiry. Among the notable contracts is a put option at a $37.00 strike price, currently bid at $5.65. If executed, this would allow the buyer to purchase shares at an effective cost of $31.35, representing approximately a 3% discount from the current trading price of $38.29 per share.
Additionally, a call option at the $41.00 strike price is available, with a current bid of $6.20. Selling this call while holding the underlying shares could yield a total return of 23.27% if the stock is called away at expiry. The likelihood of both options expiring worthless is estimated at 64% for the put and 44% for the call.
Implied volatility for the put contract is 55%, while the call’s implied volatility stands at 54%. The actual trailing twelve-month volatility is calculated at 46%.
