Bull Call Spreads on High-Beta Names
Bull Call Spread37 trades pass on BITO
- Return on risk
- 108.3% to 1,000%+
- Probability of profit
- 25.1% to 52.6%
ETFETF
As of the close on . In the app, data is refreshed intraday.
BITO closed at $11.28 on Oct 2, 2026 with 30-day implied volatility of 34.6%. That is near the bottom of its one-year range (IV rank 16), so options on BITO are cheap compared with its own recent history. Measured by IV percentile, IV is higher than 8% of the past year's readings. Options expiring Oct 30 (28 days out) price a one standard deviation move of about $1.16, or 10.2%.
The price is above both its 50-day (+13.8%) and 200-day (+11.0%) moving averages. It is 45.6% below its 52-week high and 41.4% above its 52-week low. The 14-day RSI of 62.9 is between 30 and 70, neither overbought nor oversold. The 14-day average true range is $0.33, about 2.9% of the price, a measure of a typical day's range.
Option volume at the close (9.81K contracts) was 1.1x its average, close to normal. A beta of 1.72 means BITO has tended to move about 1.7 times as much as the broad market. 3 of our preset screens found trades on BITO at the close, led by Bull Call Spreads on High-Beta Names with 37 trades.
Expected move = price x at-the-money IV x the square root of (days to expiration / 365), a one standard deviation range. The straddle is the at-the-money call plus put, the market's own price for a move. Compare expected moves across stocks.
| Expiration | IV | Expected move | 1 SD range | Straddle |
|---|---|---|---|---|
| Oct 9, 20267 days | 30.1% | ±$0.47 (4.2%) | $10.81 to $11.75 | $0.42 |
| Oct 30, 202628 days | 37.0% | ±$1.16 (10.2%) | $10.12 to $12.44 | $0.94 |
| Nov 20, 202649 days | 37.9% | ±$1.57 (13.9%) | $9.71 to $12.85 | $1.26 |
| Dec 31, 202690 days | 49.0% | ±$2.74 (24.3%) | $8.54 to $14.02 | $2.17 |
Each expiration has its own implied volatility, and short-dated IV reacts more to near-term events, so the nearest expiration can differ a lot from the 30-day figure.
Counts and ranges for BITO from our preset scans at the last close. Open a preset in the app to see each trade with its strikes, prices, and risk, refreshed intraday. Income strategies show annualized return; the rest show return on risk.
37 trades pass on BITO
14 trades pass on BITO
4 trades pass on BITO
Market data as of the prior close, for information and education only. Not investment advice. Options involve substantial risk and are not suitable for every investor. See our Terms of Service.