Crypto
IBIT Options Price Trading More Calmly After Bitcoin Rebound
Options prices for BlackRock's iShares Bitcoin Trust (IBIT) have calmed down after Bitcoin's recent rebound, according to Saxo Bank. The implied volatility of IBIT stands at 37.4%, compared to realized volatility of 45.5% over the past 20 trading sessions through Tuesday.
Saxo investment and options strategist Koen Hoorelbeke wrote that the options market appears to be pricing calmer conditions than the recent past produced, with implied volatility reflecting expectations of future price swings embedded in options prices.
Implied volatility is currently near the bottom of its 12-month range at a rank of 11.9. Hoorelbeke identified resistance around $87,000, where Bitcoin's advance stalled on Sept. 21, and support between $76,000 and $77,000.