Bullish

UBS IBIT Call Option Exposure Surges 24x in Q2 2026

09:45

UBS expanded IBIT call options by 24x to 1.95M contracts in Q2 2026, while direct holdings rose 12% and put exposure dropped 53%.

Woofun AI data shows that UBS substantially increased its position in call options on BlackRock's iShares Bitcoin Trust (IBIT) during the second quarter of 2026. The count of held call option contracts climbed from 80,000 at the end of March to 1.95 million by June 30, representing a growth exceeding 24 times.

Concurrently, UBS raised its direct IBIT share ownership by 12% to 407,890 shares, valued at approximately $13.6 million, while reducing put option exposure by roughly 53% to 143,300 shares.

WOOFUN AI

Impact Assessment · Quick Read

This massive shift toward call options signals strong institutional conviction in BTC price appreciation over the medium term. The simultaneous reduction in put protection suggests UBS is prioritizing upside leverage over downside hedging. Such aggressive positioning by a major bank could influence market sentiment and liquidity dynamics for IBIT.
Generated by WOOFUN AI · For reference only, not investment advice

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