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T-Rex 2X Long Bitcoin Daily Target ETF BTCL

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Market dataready · fetched 2026-11-08T09:16:51.934Z

Delta surfaceAlpaca · derived absolute-delta buckets · 2026-11-20

Calculation methodology

Options historyIV: ThetaData historical Greeks, equal-weight mean of call/put 50-delta IV across the next four listed Friday-cycle expirations, including holiday shifts verified against ThetaData’s market calendar. Missing inputs leave gaps. Skew: equal-weight mean of put minus call IV across those four expirations. IV-implied move history: mean of each expiration’s average call/put IV multiplied by the square root of remaining calendar days divided by 365.25; percentage of spot, not a quoted straddle premium.

History data

PriceAlpaca · sip · 2026-11-07T01:00:01.295826833Z

FundamentalsAlpha Vantage · ready · fetched 2026-11-08T09:16:51.413499+00:00

Share price$15.91
1D+0.9%
AH$15.56$15.67$15.79$15.91$16.025:30 AM6:30 AM9:00 AM1:00 PM2:00 PMBTCL
Sold putSold callAH

T-Rex 2X Long Bitcoin Daily Target ETF options

Live interpolated BTCL call and put midpoint premiums by absolute delta.T-Rex 2X Long Bitcoin Daily Target ETF$0.23$0.88$1.53$2.17$2.82$12.40$14.20$16.00$17.80$19.6020Δ25Δ30Δ35Δ40Δ45Δ50Δ55Δ60Δ65Δ70Δ75Δ80ΔOPTION PRICELive BTCL spot · $15.91BTCL PRICE$0.30$0.37$0.44$0.51$0.63$0.76$0.88$1.03$1.20$1.37$1.58$1.85$2.12$0.39$0.47$0.58$0.72$0.90$1.09$1.26$1.42$1.59$1.79$2.04$2.29$2.63
PutsFair0.98×
CallsFair1.01×
SkewBearish+7.78 pp
Implied moveBearish±$2.14
TiltBearish13.8% PUT
Table
Values and derived Greeks for the plotted delta buckets
DeltaCallsPuts
Pseudo strikeIVB/E movePseudo strikeIVB/E move
20Δ18.96100.5%21.1%13.72107.8%16.2%
25Δ18.1190.8%16.2%14.3098.8%13.1%
30Δ17.5786.0%13.2%14.7395.9%11.1%
35Δ17.0781.9%10.5%15.1394.8%9.4%
40Δ16.7381.9%9.1%15.4896.5%8.4%
45Δ16.4282.5%8.0%15.8398.1%7.3%
50Δ16.1283.0%6.8%16.1797.2%6.3%
55Δ15.8183.4%5.8%16.5093.9%5.3%
60Δ15.5083.7%5.0%16.8390.6%4.2%
65Δ15.1983.9%4.1%17.1788.1%3.4%
70Δ14.8684.5%3.3%17.5386.3%2.7%
75Δ14.4985.5%2.7%17.8884.6%2.0%
80Δ14.1286.6%2.0%18.3182.6%1.4%

20Δ

Calls
Pseudo strike
18.96
IV
100.5%
B/E move
21.1%
Puts
Pseudo strike
13.72
IV
107.8%
B/E move
16.2%

25Δ

Calls
Pseudo strike
18.11
IV
90.8%
B/E move
16.2%
Puts
Pseudo strike
14.30
IV
98.8%
B/E move
13.1%

30Δ

Calls
Pseudo strike
17.57
IV
86.0%
B/E move
13.2%
Puts
Pseudo strike
14.73
IV
95.9%
B/E move
11.1%

35Δ

Calls
Pseudo strike
17.07
IV
81.9%
B/E move
10.5%
Puts
Pseudo strike
15.13
IV
94.8%
B/E move
9.4%

40Δ

Calls
Pseudo strike
16.73
IV
81.9%
B/E move
9.1%
Puts
Pseudo strike
15.48
IV
96.5%
B/E move
8.4%

45Δ

Calls
Pseudo strike
16.42
IV
82.5%
B/E move
8.0%
Puts
Pseudo strike
15.83
IV
98.1%
B/E move
7.3%

50Δ

Calls
Pseudo strike
16.12
IV
83.0%
B/E move
6.8%
Puts
Pseudo strike
16.17
IV
97.2%
B/E move
6.3%

55Δ

Calls
Pseudo strike
15.81
IV
83.4%
B/E move
5.8%
Puts
Pseudo strike
16.50
IV
93.9%
B/E move
5.3%

60Δ

Calls
Pseudo strike
15.50
IV
83.7%
B/E move
5.0%
Puts
Pseudo strike
16.83
IV
90.6%
B/E move
4.2%

65Δ

Calls
Pseudo strike
15.19
IV
83.9%
B/E move
4.1%
Puts
Pseudo strike
17.17
IV
88.1%
B/E move
3.4%

70Δ

Calls
Pseudo strike
14.86
IV
84.5%
B/E move
3.3%
Puts
Pseudo strike
17.53
IV
86.3%
B/E move
2.7%

75Δ

Calls
Pseudo strike
14.49
IV
85.5%
B/E move
2.7%
Puts
Pseudo strike
17.88
IV
84.6%
B/E move
2.0%

80Δ

Calls
Pseudo strike
14.12
IV
86.6%
B/E move
2.0%
Puts
Pseudo strike
18.31
IV
82.6%
B/E move
1.4%

Options history

IV · four-Friday blend80.00%
Daily close
BTCL69.9%82.8%95.7%2026-08-10: 73.43%2026-08-11: 72.64%2026-08-12: 71.95%2026-08-13: 71.99%2026-08-14: 71.71%2026-08-17: 74.05%2026-08-18: 78.33%2026-08-19: 87.49%2026-08-20: 93.92%2026-08-28: 78.82%2026-09-01: 79.77%2026-09-02: 76.96%2026-09-10: 80.49%2026-09-11: 77.06%2026-09-15: 87.24%2026-09-16: 79.34%2026-09-17: 79.13%2026-09-28: 76.90%2026-09-29: 76.75%2026-09-30: 75.72%2026-10-07: 75.64%2026-10-08: 79.68%2026-10-09: 73.09%2026-10-12: 76.20%2026-10-13: 77.36%2026-10-14: 79.71%2026-10-15: 85.48%2026-10-16: 77.00%2026-10-19: 75.55%2026-10-20: 77.55%2026-10-21: 77.25%2026-10-22: 79.51%2026-10-23: 79.05%2026-10-26: 79.07%2026-10-27: 77.97%2026-10-28: 77.37%2026-10-29: 75.86%2026-10-30: 80.00%Aug 10Sep 29Oct 30
38 observations2026-08-10 — 2026-10-30
Table
DateIV (%)
73.43%
72.64%
71.95%
71.99%
71.71%
74.05%
78.33%
87.49%
93.92%
78.82%
79.77%
76.96%
80.49%
77.06%
87.24%
79.34%
79.13%
76.90%
76.75%
75.72%
75.64%
79.68%
73.09%
76.20%
77.36%
79.71%
85.48%
77.00%
75.55%
77.55%
77.25%
79.51%
79.05%
79.07%
77.97%
77.37%
75.86%
80.00%