Covered Calls

ProShares Ultra Bitcoin ETF

BITUAMEX · USD

12.14USD-0.10 (-0.82%)

ProShares Ultra Bitcoin ETF (BITU) Covered Calls

ProShares Ultra Bitcoin ETF trades in the Exchange Traded Fund industry with an IV Rank of 55.56%, average versus the past year. BITU's highest covered call setup is the $16.00 strike expiring Nov 20, 2026, sorted by theoretical annualized return. It's 30.72% out of the money with 15 days to expiration, a 31.13% return until expiration, and a 757.43% theoretical annualized return. Across the setups shown, annualized returns run from 195.42% to 757.43% at strikes between $13.00 and $25.00, with 15 to 197 days to expiration, as of Nov 5, 2026.

Running BITU covered calls helps you generate income from ProShares Ultra Bitcoin ETF shares you already own, turning a long stock position into a yield producing asset. A covered call means holding the underlying stock and selling a call option against it, collecting premium in exchange for capping upside at the strike. Use our scanner to find the best BITU covered calls in real time and filter for the strikes, expiries, and premiums that fit your strategy.

A covered call pairs limited risk with a clear income profile. If BITU stays below the strike at expiration, you keep the premium and the shares. If it rises above, you deliver the stock at the strike and still pocket the premium. Selling BITU covered calls works best when implied volatility is elevated, since richer premiums improve the risk reward. Key inputs include strike selection relative to delta, days to expiration, annualized return, and probability of assignment, all of which determine whether a given BITU covered call is worth writing.

Seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Bloomberg Bitcoin Index.


2026-11-20	15	16.00	30.72	0.05	0.30	381.00	31.13	757.43	-0.41	+0.14	754	0.25
2026-11-20	15	15.00	22.55	0.05	0.35	281.00	22.96	558.63	-0.41	+0.17	1,157	0.30
2026-12-18	43	18.00	47.06	0.05	0.25	581.00	47.47	402.92	-0.41	+0.10	23	0.20
2026-11-20	15	14.00	14.38	0.20	0.40	196.00	16.01	389.65	-1.63	+0.25	413	0.20
2026-12-18	43	17.00	38.89	0.05	0.40	481.00	39.30	333.57	-0.41	+0.15	59	0.35
2026-12-18	43	16.00	30.72	0.20	0.45	396.00	32.35	274.62	-1.63	+0.20	19	0.25
2026-11-20	15	13.00	6.21	0.40	0.55	116.00	9.48	230.61	-3.27	+0.38	320	0.15
2027-02-19	106	20.00	63.40	0.40	0.60	816.00	66.67	229.56	-3.27	+0.20	336	0.20
2026-12-18	43	15.00	22.55	0.35	0.65	311.00	25.41	215.68	-2.86	+0.28	34	0.30
2027-05-21	197	25.00	104.25	0.15	0.80	1291.00	105.47	195.42	-1.23	+0.17	46	0.65

As of Nov 5, 2026

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Stock Statistics

IndustryExchange Traded Fund
SectorFinancial
IV Rank55.56% Moderate
Market cap (M$)—
52 weeks high-72.02%
52 weeks low54.55%
Analyst recommendation—
Target price—
Dividend—
Payout ratio—
Earnings date—
P/E—
Future P/E—
EPS (ttm)—
EPS growth next 5 years—

As of Nov 5, 2026

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