Options Trading for Bitwise Bitcoin ETF (BITB) in the First Week of June 2026

Put Contract Analysis: The $57.00 put contract for BITB has a bid of $8.50, allowing investors to potentially buy shares at a cost basis of $48.50, representing a 5% discount from the current price. There is a 63% chance the contract may expire worthless, offering a potential 14.91% return on cash commitment.

Call Contract Overview: The $61.00 call contract has a bid of $8.70, allowing investors to sell shares at that price, which could yield a total return of 15.63% if exercised. There is a 43% chance this contract may also expire worthless, providing a potential 14.43% additional return if it does.

Volatility Insights: The implied volatility for the put contract is 57%, while for the call contract it is 53%. The actual trailing twelve-month volatility is calculated at 45%, indicating a lower actual market fluctuation compared to the implied figures.

YieldBoost Concept: Both the put and call contracts offer a "YieldBoost," with the put providing a 22.58% annualized return if it expires worthless, and the call offering a 21.86% annualized return under similar conditions.