HODL · VanEck Bitcoin ETF

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$17.96 -0.09 (-0.47%) At close · Jul 29

Market Cap

$1.06B

59.02M

Options Chain

15-min delayed Underlying $17.96 · at close Jul 29, 2026 Options Calculator

Positioning

Aug 21, 2026 · 22 days to expiry · 44 contracts

Put / call OI

0.43

Call-heavy positioning

Open interest

474

contracts outstanding

Volume

121

traded today

Max pain

$19.00

$1.04 above spot

ATM implied vol

42.6%

market's expected move

Open interest by strike

Calls Puts

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Aug 21 22d Sep 18 50d Nov 20 113d Feb 19 204d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
7	2	—	—	$12.80		—	—	—	—	0
Call · $10 In the money Last $12.80 Breakeven $22.80 Implied vol — Delta — Gamma — Theta — Vega — Open interest 7 Model this call Put · $10 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	0.2%	1	—		$0.39	-0.13	77.1%	5	28
Call · $15 In the money Last — Breakeven — Implied vol 0.2% Delta 1 ≈100% ITM Gamma 0 Theta -0.001 Vega 0 Open interest 0 Model this call Put · $15 Last $0.39 Breakeven $14.61 Implied vol 77.1% Delta -0.13 ≈13% ITM Gamma 0.061 Theta -0.016 Vega 0.011 Open interest 28 Model this put
0	—	51.3%	0.866	—		$0.30	-0.178	63.2%	1	5
Call · $16 In the money Last — Breakeven — Implied vol 51.3% Delta 0.866 ≈87% ITM Gamma 0.094 Theta -0.013 Vega 0.011 Open interest 0 Model this call Put · $16 Last $0.30 Breakeven $15.70 Implied vol 63.2% Delta -0.178 ≈18% ITM Gamma 0.092 Theta -0.016 Vega 0.011 Open interest 5 Model this put
0	—	34.2%	0.813	—		$0.80	-0.288	59.1%	1	11
Call · $17 In the money Last — Breakeven — Implied vol 34.2% Delta 0.813 ≈81% ITM Gamma 0.176 Theta -0.011 Vega 0.011 Open interest 0 Model this call Put · $17 Last $0.80 Breakeven $16.20 Implied vol 59.1% Delta -0.288 ≈29% ITM Gamma 0.129 Theta -0.02 Vega 0.015 Open interest 11 Model this put
Underlying $17.96
27	1	42.3%	0.575	$1.13		$0.75	-0.427	42.8%	10	34
Call · $18 Last $1.13 Breakeven $19.13 Implied vol 42.3% Delta 0.575 ≈57% ITM Gamma 0.207 Theta -0.018 Vega 0.018 Open interest 27 Model this call Put · $18 In the money Last $0.75 Breakeven $17.25 Implied vol 42.8% Delta -0.427 ≈43% ITM Gamma 0.206 Theta -0.016 Vega 0.018 Open interest 34 Model this put
75	2	35.3%	0.342	$0.25		$1.35	-0.646	38.9%	1	26
Call · $19 Last $0.25 Breakeven $19.25 Implied vol 35.3% Delta 0.342 ≈34% ITM Gamma 0.232 Theta -0.014 Vega 0.016 Open interest 75 Model this call Put · $19 In the money Last $1.35 Breakeven $17.65 Implied vol 38.9% Delta -0.646 ≈65% ITM Gamma 0.218 Theta -0.014 Vega 0.016 Open interest 26 Model this put
51	5	44.9%	0.223	$0.14		$3.30	-0.791	43.3%	5	25
Call · $20 Last $0.14 Breakeven $20.14 Implied vol 44.9% Delta 0.223 ≈22% ITM Gamma 0.148 Theta -0.014 Vega 0.013 Open interest 51 Model this call Put · $20 In the money Last $3.30 Breakeven $16.70 Implied vol 43.3% Delta -0.791 ≈79% ITM Gamma 0.153 Theta -0.011 Vega 0.013 Open interest 25 Model this put
40	1	46.5%	0.124	$2.47		$1.45	-0.867	49.7%	1	2
Call · $21 Last $2.47 Breakeven $23.47 Implied vol 46.5% Delta 0.124 ≈12% ITM Gamma 0.098 Theta -0.01 Vega 0.009 Open interest 40 Model this call Put · $21 In the money Last $1.45 Breakeven $19.55 Implied vol 49.7% Delta -0.867 ≈87% ITM Gamma 0.103 Theta -0.01 Vega 0.009 Open interest 2 Model this put
26	1	76.1%	0.185	$0.05		$3.40	-0.862	65.9%	10	11
Call · $22 Last $0.05 Breakeven $22.05 Implied vol 76.1% Delta 0.185 ≈19% ITM Gamma 0.078 Theta -0.021 Vega 0.013 Open interest 26 Model this call Put · $22 In the money Last $3.40 Breakeven $18.60 Implied vol 65.9% Delta -0.862 ≈86% ITM Gamma 0.078 Theta -0.013 Vega 0.009 Open interest 11 Model this put
10	1	75.1%	0.126	$0.02		$2.34	-0.899	70.1%	1	0
Call · $23 Last $0.02 Breakeven $23.02 Implied vol 75.1% Delta 0.126 ≈13% ITM Gamma 0.061 Theta -0.016 Vega 0.009 Open interest 10 Model this call Put · $23 In the money Last $2.34 Breakeven $20.66 Implied vol 70.1% Delta -0.899 ≈90% ITM Gamma 0.06 Theta -0.011 Vega 0.009 Open interest 0 Model this put
11	10	106.4%	0.181	$1.09		$2.60	-0.908	79.6%	1	0
Call · $24 Last $1.09 Breakeven $25.09 Implied vol 106.4% Delta 0.181 ≈18% ITM Gamma 0.055 Theta -0.029 Vega 0.014 Open interest 11 Model this call Put · $24 In the money Last $2.60 Breakeven $21.40 Implied vol 79.6% Delta -0.908 ≈91% ITM Gamma 0.049 Theta -0.012 Vega 0.009 Open interest 0 Model this put
21	7	114.8%	0.164	$0.15		$3.42	-0.915	88.7%	20	0
Call · $25 Last $0.15 Breakeven $25.15 Implied vol 114.8% Delta 0.164 ≈16% ITM Gamma 0.048 Theta -0.029 Vega 0.009 Open interest 21 Model this call Put · $25 In the money Last $3.42 Breakeven $21.58 Implied vol 88.7% Delta -0.915 ≈91% ITM Gamma 0.042 Theta -0.013 Vega 0.009 Open interest 0 Model this put
23	2	150.3%	0.224	$0.23		$4.25	-0.92	96.9%	20	0
Call · $26 Last $0.23 Breakeven $26.23 Implied vol 150.3% Delta 0.224 ≈22% ITM Gamma 0.044 Theta -0.046 Vega 0.014 Open interest 23 Model this call Put · $26 In the money Last $4.25 Breakeven $21.75 Implied vol 96.9% Delta -0.92 ≈92% ITM Gamma 0.037 Theta -0.013 Vega 0.005 Open interest 0 Model this put
0	—	133.6%	0.154	—		—	-0.924	104%	—	0
Call · $27 Last — Breakeven — Implied vol 133.6% Delta 0.154 ≈15% ITM Gamma 0.04 Theta -0.032 Vega 0.01 Open interest 0 Model this call Put · $27 In the money Last — Breakeven — Implied vol 104% Delta -0.924 ≈92% ITM Gamma 0.033 Theta -0.014 Vega 0.005 Open interest 0 Model this put
2	1	141.2%	0.147	$1.20		$8.65	-0.911	119.3%	1	0
Call · $28 Last $1.20 Breakeven $29.20 Implied vol 141.2% Delta 0.147 ≈15% ITM Gamma 0.036 Theta -0.033 Vega 0.01 Open interest 2 Model this call Put · $28 In the money Last $8.65 Breakeven $19.35 Implied vol 119.3% Delta -0.911 ≈91% ITM Gamma 0.032 Theta -0.018 Vega 0.009 Open interest 0 Model this put
1	1	—	—	$0.20		—	-0.931	117.3%	—	0
Call · $29 Last $0.20 Breakeven $29.20 Implied vol — Delta — Gamma — Theta — Vega — Open interest 1 Model this call Put · $29 In the money Last — Breakeven — Implied vol 117.3% Delta -0.931 ≈93% ITM Gamma 0.027 Theta -0.014 Vega 0.006 Open interest 0 Model this put
28	1	—	—	$0.20		$11.45	-0.918	132.4%	2	0
Call · $30 Last $0.20 Breakeven $30.20 Implied vol — Delta — Gamma — Theta — Vega — Open interest 28 Model this call Put · $30 In the money Last $11.45 Breakeven $18.55 Implied vol 132.4% Delta -0.918 ≈92% ITM Gamma 0.027 Theta -0.019 Vega 0.006 Open interest 0 Model this put
2	1	—	—	$0.20		—	-0.92	138.4%	—	0
Call · $31 Last $0.20 Breakeven $31.20 Implied vol — Delta — Gamma — Theta — Vega — Open interest 2 Model this call Put · $31 In the money Last — Breakeven — Implied vol 138.4% Delta -0.92 ≈92% ITM Gamma 0.025 Theta -0.019 Vega 0.006 Open interest 0 Model this put
3	3	—	—	$0.81		—	-0.923	144.3%	—	0
Call · $32 Last $0.81 Breakeven $32.81 Implied vol — Delta — Gamma — Theta — Vega — Open interest 3 Model this call Put · $32 In the money Last — Breakeven — Implied vol 144.3% Delta -0.923 ≈92% ITM Gamma 0.024 Theta -0.019 Vega 0.006 Open interest 0 Model this put
2	1	—	—	$0.30		—	-0.925	149.9%	—	0
Call · $33 Last $0.30 Breakeven $33.30 Implied vol — Delta — Gamma — Theta — Vega — Open interest 2 Model this call Put · $33 In the money Last — Breakeven — Implied vol 149.9% Delta -0.925 ≈92% ITM Gamma 0.022 Theta -0.02 Vega 0.006 Open interest 0 Model this put
0	—	—	—	—		—	-0.927	155.5%	—	0
Call · $34 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $34 In the money Last — Breakeven — Implied vol 155.5% Delta -0.927 ≈93% ITM Gamma 0.021 Theta -0.02 Vega 0.006 Open interest 0 Model this put
3	1	—	—	$0.01		$14.56	-0.929	160.8%	1	0
Call · $35 Last $0.01 Breakeven $35.01 Implied vol — Delta — Gamma — Theta — Vega — Open interest 3 Model this call Put · $35 In the money Last $14.56 Breakeven $20.44 Implied vol 160.8% Delta -0.929 ≈93% ITM Gamma 0.02 Theta -0.02 Vega 0.006 Open interest 0 Model this put

About this data

Greeks, implied volatility, open interest and the last price come from the latest daily snapshot and are 15-minute delayed. Bid and ask are not included on this plan.

In-the-money strikes are tinted, deepening toward the money, and the bar beside each open-interest figure scales to the heaviest strike shown. Max pain is the listed strike where the most open interest would expire worthless — a positioning reference, not a forecast.

Key facts CIK 1838028 CUSIP 92189K105 13F (30d) 52 filings 52 filers Investor relations