New IBIT Options for April 20th Expiration Attract Investor Attention

On April 6, 2026, new options for the iShares Bitcoin Trust ETF (IBIT) began trading with an expiration date of April 20th. These options include both put and call contracts, each with specific strike prices and potential returns for investors. The put contract at the $39.00 strike price has a current bid of $1.27, offering investors the opportunity to purchase shares at that price while collecting a premium. This could result in a cost basis of $37.73 before broker commissions, representing an attractive alternative to the current trading price of $39.34 per share. The $39.00 strike is out-of-the-money by approximately 1%, with a 55% probability of expiring worthless according to current analytical data. If this occurs, the premium collected would yield a 3.26% return on the cash commitment, or 84.90% annualized, referred to as the YieldBoost by Stock Options Channel. On the call side, the contract at the $40.00 strike price has a current bid of $1.10. Investors purchasing shares at $39.34 and selling the call contract as a covered call could achieve a total return of 4.47% if the stock is called away at expiration. The $40.00 strike is out-of-the-money by approximately 2%, with a 56% probability of expiring worthless. In this scenario, the investor would retain their shares and the premium, resulting in a 2.80% return boost, or 72.90% annualized. The implied volatility for the put contract is 47%, while the call contract has an implied volatility of 46%. The trailing twelve-month volatility is calculated at 45%, based on the last 249 trading day closing values and today's price of $39.34. These options provide investors with strategies to manage risk and enhance returns, depending on market movements and the performance of IBIT. The options activity is being tracked by Stock Options Channel, which will publish updates on the probability of expiration and other relevant data.