How many IBIT options now allowed?

TLDR

IBIT options position and exercise limits are now set at 1,000,000 contracts on Nasdaq after a recent increase that quadrupled the cap from 250,000, per a market recap that cites the exchange action (Nasdaq position limit update).

1. IBIT options open interest is about 7.7 million active contracts, ranking in the U.S. top 10 by OI (CoinDesk report).
2. The SEC and exchanges are also evaluating FLEX options on IBIT, with earlier approvals already raised for position/exercise limits (exchange filing coverage).

Deep Dive

1. New 1,000,000-Contract Cap

Nasdaq increased IBIT options position and exercise limits to 1,000,000 contracts, a fourfold jump from 250,000. That materially expands room for large hedges and complex strategies without immediately hitting caps, supporting institutional use. The move is highlighted in a market timeline that attributes the quadruple increase to Nasdaqs late?November action (Nasdaq position limit update).

Regulators and venues have been iterating IBIT options access. Coverage notes that BOX had previously secured approvals to raise position and exercise limits and that FLEX options for IBIT are under SEC deliberation, signaling broader product flexibility under review (exchange filing coverage).

2. Activity and Liquidity Snapshot

IBIT options have become a high?liquidity venue. Open interest sits around 7.7 million contracts, placing IBIT in the U.S. top 10 for options OI across stocks, ETFs, and indices, and second among single stocks by some counts (CoinDesk report).

Some analyses note that when you compare IBIT options to activity on crypto?native venues like Deribit, the combined footprint underscores Bitcoins maturation in U.S. regulated options markets, reinforcing IBITs role for hedging, speculation, and covered?call income strategies (CoinDesk report).

Conclusion

IBIT options now permit up to 1,000,000 contracts per position/exercise limit, and activity has scaled into the U.S. top 10 by open interest. Together, the higher cap and deep liquidity make IBIT options a mainstream, regulated venue for Bitcoin exposure via hedging and income strategies.