BITX / Volatility Shares Trust - 2x Bitcoin Strategy ETF - Put/Call Ratio, Options Sentiment, Unusual Options Activity

Volatility Shares Trust - 2x Bitcoin Strategy ETF
US ˙ BATS

Put/Call Ratios - Forward Looking and Historical

The OI Put/Call Ratio for BITX / Volatility Shares Trust - 2x Bitcoin Strategy ETF is 0.55. The Put/Call Ratio shows the total number of disclosed open put option positions divided by the number of open call options. Since puts are generally a bearish bet and calls are a bullish bet, put/call ratios greater than 1 indicate a bearish sentiment, and ratios less than one indicate a bullish sentiment.

Update Frequency: Daily

See top companies with the most optimistic put/call ratios.

By looking at the put/call ratios of specific expirations, we can deduce what the options markets think of the short, medium, and long-term outlook of the company.
BITX / Volatility Shares Trust - 2x Bitcoin Strategy ETF Put/Call Ratio by Expiry
Expiry DTX Open Put
Interest
Open Call
Interest
Put/Call
Ratio
2025-09-12 6 6,166
2025-09-19 13 15,195
2025-09-26 20 4,018
2025-10-03 27 594
2025-10-10 34 138
2025-10-17 41 1,941
2025-10-24 48 3
2025-12-19 104 10,708
2026-01-16 132 25,690
2026-03-20 195 815
2026-06-18 285 589
2027-01-15 496 12,403
BITX / Volatility Shares Trust - 2x Bitcoin Strategy ETF Put/Call Ratio
Date Put OI Put OI
(OTM)
Call OI Call OI
(OTM)
Put/Call
Ratio
Put/Call
Ratio (OTM)
2025-09-05 115,139 85,420
2025-09-04 111,469 76,452
2025-09-03 110,251 82,345
2025-09-02 108,747 78,011
2025-08-29 117,113 49,858
2025-08-28 115,951 68,548
2025-08-27 113,971 67,642
2025-08-26 110,588 64,291
2025-08-25 103,356 46,422
2025-08-22 110,817 79,251
2025-08-21 109,341 63,999
2025-08-20 108,639 67,690
2025-08-19 106,311 63,777
2025-08-18 99,250 63,530
2025-08-15 110,089 82,603
2025-08-14 108,251 81,049
2025-08-13 105,017 90,383
2025-08-12 100,251 82,194
2025-08-11 97,790 79,557
2025-08-08 105,292 82,584
Unusual Options Activity - Trade Volume

The Put/Call Ratio shows the total number of disclosed open put option positions divided by the number of open call option options. Since puts are generally a bearish bet and calls are a bullish bet, put/call ratios greater than 1 indicate a bearish sentiment, and ratios less than one indicate a bullish sentiment.

Unusual options activity (UOA) is generally considered a strong signal for a directional price movement. One metric of unusual options activity is the total volume of put or call options divided by the open interest in the same option type. If the total volume of call or put options exceeds the current open interest, then that is considered unusual and indicates a strong directional signal. In the table below, any date on which the volume of an option exceeds the current open interest is highlighted in green (for call options) or red (for put options).

For example, if, on any trading day, the call volume exceeds the current call open interest, then the Call Volume/Call OI ratio will be greater than one and that cell in the able will be highlighted in green. This would indicate a significant purchase of call options, which is a bullish signal. Likewise, if the opposite is true - the put volume exceeds the put open interest, then the table cell would be highlighted in red and represent a strong bearish signal.

Update Frequency: Daily

BITX / Volatility Shares Trust - 2x Bitcoin Strategy ETF Call Options Volume BITX / Volatility Shares Trust - 2x Bitcoin Strategy ETF Put Options Volume
Date Put
Volume
Put
OI
Put Volume
/Put OI
Call
Volume
Call
OI
Call Volume
/Call OI
2025-09-05 24,558 115,139 28,456 161,189
2025-09-04 5,879 111,469 16,644 155,650
2025-09-03 8,219 110,251 14,712 150,551
2025-09-02 7,667 108,747 21,656 142,332
2025-08-29 37,817 117,113 32,201 163,655
2025-08-28 6,748 115,951 12,059 161,492
2025-08-27 3,966 113,971 12,525 157,936
2025-08-26 7,206 110,588 21,428 152,744
2025-08-25 11,677 103,356 22,328 143,235
2025-08-22 26,529 110,817 42,659 158,724
2025-08-21 6,929 109,341 16,256 155,578
2025-08-20 3,269 108,639 11,542 151,125
2025-08-19 6,836 106,311 20,085 145,664
2025-08-18 9,310 99,250 18,184 139,659
2025-08-15 23,365 110,089 23,479 159,634
2025-08-14 14,358 108,251 35,773 153,138
2025-08-13 5,947 105,017 31,777 146,932
2025-08-12 10,300 100,251 13,342 144,763
2025-08-11 9,824 97,790 26,243 133,536
2025-08-08 17,630 105,292 23,354 150,659
2025-08-07 8,355 101,845 17,016 147,500
2025-08-06 5,204 100,067 13,167 144,077
2025-08-05 9,153 97,559 12,809 141,496
2025-08-04 6,544 93,280 22,169 132,771
2025-08-01 31,891 98,061 25,138 144,608
Source: CBOE
Option Premium Bought/Sold - Total Market

Update Frequency: Daily

Date Put
Premium Bought
Put
Premium Sold
Net Put
Premium Bought
Call
Premium Bought
Call
Premium Sold
Net Call
Premium Bought
Net Long
Premium Bought
2025-09-05 935,398 231,758 703,640 2,118,460 2,290,630 -172,170 -875,810
2025-09-04
2025-09-03
2025-09-02
2025-08-29
2025-08-28
2025-08-27
2025-08-26
2025-08-25
2025-08-22
2025-08-21
2025-08-20
2025-08-19
2025-08-18
2025-08-15
2025-08-14
2025-08-13
2025-08-12
2025-08-11
2025-08-08
Source: CBOE
Option Greeks - Delta, Gamma, Theta

Update Frequency: Daily

Date Put Θ
(Avg)
Call Θ
(Avg)
Θ
(Avg)
Put Γ
(Avg)
Call Γ
(Avg)
Γ
(Avg)
Put Δ
(Avg)
Call Δ
(Avg)
Δ
(Avg)
2025-09-05
2025-09-04
2025-09-03
2025-09-02
2025-08-29
2025-08-28
2025-08-27
2025-08-26
2025-08-25
2025-08-22
2025-08-21
2025-08-20
2025-08-19
2025-08-18
2025-08-15
2025-08-14
2025-08-13
2025-08-12
2025-08-11
2025-08-08
Option Trading Volume - Total Market

Update Frequency: Daily

Date Put
Volume
Put Volume
(20d ma)
Put
Volume/20ma (%)
Call
Volume
Call Volume
(20d ma)
Call
Volume/20ma (%)
Total Volume Put/Call
Volume
Put/Call
Volume (20d ma)
2025-09-05 24,558 11,380 215.80 28,456 20,848 136.49 53,014 0.86 0.55
2025-09-04
2025-09-03
2025-09-02
2025-08-29
2025-08-28
2025-08-27
2025-08-26
2025-08-25
2025-08-22
2025-08-21
2025-08-20
2025-08-19
2025-08-18
2025-08-15
2025-08-14
2025-08-13
2025-08-12
2025-08-11
2025-08-08
Source: CBOE
Option Trading Volume - Exchange

Update Frequency: Daily

Date CBOE C2 EDGX BZX PHLX NASDAQ BX GEMX ISE MRX AMEX ARCA MIAX PEARL EMLD BOX Total
2025-09-05 2,785 537 2,087 979 2,594 625 206 848 3,669 2,475 2,271 13,455 2,188 1,810 876 14,465 53,014
2025-09-04 1,667 134 1,378 462 2,812 572 260 389 1,952 1,091 1,984 5,481 1,338 593 433 1,084 22,523
2025-09-03 1,951 170 1,303 996 1,647 161 585 92 970 1,445 2,395 5,376 1,044 339 1,791 817 22,931
2025-09-02 1,784 536 1,043 1,189 2,662 1,096 275 199 2,118 1,493 2,176 7,328 1,974 545 1,115 849 29,323
2025-08-29 30,590 644 1,275 1,418 3,405 229 97 346 6,285 1,841 2,923 11,872 2,961 673 1,460 2,306 70,018
2025-08-28 1,836 253 564 845 1,839 195 311 194 1,758 667 1,220 5,325 1,143 338 466 728 18,807
2025-08-27 3,046 289 784 540 796 40 269 114 1,301 342 1,159 3,909 1,551 315 530 543 16,491
2025-08-26 2,658 301 922 1,344 4,494 275 854 48 3,749 1,197 920 5,851 1,796 491 1,135 1,246 28,634
2025-08-25 3,543 602 1,520 1,517 2,063 579 124 192 4,018 1,303 1,411 8,760 2,549 512 1,190 2,812 34,005
2025-08-22 16,284 1,328 1,814 2,227 2,849 1,057 662 682 7,794 1,880 3,228 15,652 5,204 1,093 2,136 3,208 69,188
2025-08-21 2,309 222 612 1,006 1,756 383 74 137 3,099 1,476 1,361 5,121 1,429 290 1,316 1,234 23,185
2025-08-20 1,388 139 347 1,048 1,788 36 41 163 1,471 531 825 3,897 621 437 547 1,136 14,811
2025-08-19 2,569 584 860 1,451 1,962 288 80 169 3,016 877 1,412 6,443 2,409 445 1,592 1,599 26,921
2025-08-18 2,473 402 756 947 1,919 583 127 498 3,132 1,322 1,618 7,793 1,796 590 1,368 1,397 27,494
2025-08-15 15,559 529 1,718 1,384 1,740 366 163 249 3,634 1,778 1,693 10,156 2,012 808 1,088 2,200 46,844
2025-08-14 5,304 649 2,702 3,063 4,734 775 212 390 5,166 3,240 3,229 8,267 2,810 1,544 1,765 3,229 50,131
2025-08-13 4,129 789 1,755 2,229 1,839 639 611 323 2,498 1,891 2,460 10,832 2,768 587 1,117 1,801 37,724
2025-08-12 2,607 215 1,331 1,242 1,614 512 132 88 2,906 1,296 1,346 3,396 1,309 233 1,255 1,065 23,642
2025-08-11 3,424 655 1,490 1,301 1,954 258 220 215 4,155 2,380 2,141 8,778 2,128 409 1,370 3,036 36,067
2025-08-08 5,364 483 1,687 1,440 2,109 161 50 150 6,563 1,963 1,988 4,322 1,836 485 943 10,265 40,984
Source: CBOE
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