IONQ Options History — January 2023

In January 2023, IONQ traded between $3.46 and $4.50. ATM implied volatility averaged 71.7%, placing in the 14.6% IV rank vs the trailing year. The 30-day expected move averaged 20.4%. IV traded below realized volatility by 4.7% (HV 20d: 76.4%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.29.

Notable Days

  • 2023-01-23: Highest Volume — 1,108 contracts
  • 2023-01-11: Largest IV drop — 35.6% change
  • 2023-01-18: Highest IV Rank — 25.5%
  • 2023-01-18: Largest Expected Move — 23.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.12$3.46$4.50$3.46$4.44
Max Pain$4.00$2.50$5.00$5.00$5.00
ATM IV71.7%54.3%84.3%68.6%81.4%
Expected Move20.4%15.6%23.7%19.7%23.3%
HV 20d76.4%52.4%85.6%80.8%52.4%
HV 60d77.9%75.7%80.5%77.3%77.4%
IV Rank14.6%0.0%25.5%6.1%24.5%
IV Percentile7.4%0.0%18.3%2.0%18.3%
Term Structure2.3%-16.3%33.0%-13.1%1.7%
VWIV73.4%44.0%86.4%60.6%83.1%
Skew 25d-9.9%-89.0%46.6%-9.4%-14.0%
Skew 10d-11.2%-89.0%72.7%-5.8%-28.7%
Call IV 25d83.7%59.4%158.4%68.0%83.3%
Put IV 25d73.8%56.7%128.2%58.6%69.3%
Bid-Ask Spread %38.2415.3474.5515.3423.45
Gamma HHI0.220.100.340.170.34
Net GEX17.1K2.2K29.3K2.2K29.3K
Net DEX-204.9K-1.5M833.5K833.5K-1.5M
Net VEX-19.6K-22.6K-15.6K-15.6K-22.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.290.001.130.180.09
Total Volume462.95721,108350422
Total OI33,991.921,80340,92739,15923,578

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$3.46$5.0068.6%19.7%80.8%6.1%60.6%-9.4%-13.1%2.2K833.5K-15.6K0.1815.34N/AN/A2975329,9499,210
2023-01-04$3.58$5.0058.1%16.7%81.1%0.0%57.2%7.6%5.0%6.1K683.4K-16.6K0.3718.56N/AN/A32612130,2019,196
2023-01-05$3.65$2.5060.9%19.9%79.5%2.6%44.0%1.3%33.0%6.9K822.8K-16.0K0.3166.55N/AN/A38211730,3249,183
2023-01-06$3.76$2.5059.1%19.4%80.6%1.0%78.5%8.9%6.6%7.4K687.5K-17.0K0.9917.72N/AN/A908930,6179,223
2023-01-09$3.80$2.5077.7%19.5%76.4%18.4%79.0%1.4%4.3%7.0K788.9K-16.8K0.0416.91N/AN/A7093130,6479,254
2023-01-10$3.77$2.5084.3%19.8%76.1%24.6%80.1%-10.4%-1.3%8.1K445.2K-19.1K0.0119.49N/AN/A113130,9959,262
2023-01-11$3.81$2.5054.3%15.6%76.4%0.0%49.6%-89.0%30.9%13.8K-388.2K-22.1K0.0720.00N/AN/A1781231,0599,262
2023-01-12$4.01$2.5070.7%20.3%78.4%14.8%76.5%-67.4%-1.6%15.6K279.0K-20.6K0.3973.68N/AN/A1074231,1349,268
2023-01-13$4.42$2.5068.2%19.5%85.6%12.5%68.7%40.4%10.0%26.4K-57.6K-22.6K0.0323.40N/AN/A9372431,1639,273
2023-01-17$4.34$2.5075.8%21.7%81.4%19.4%73.7%46.6%-0.5%21.3K77.8K-22.1K0.6128.64N/AN/A1499131,5729,271
2023-01-18$4.21$5.0082.5%23.7%82.2%25.5%86.4%-25.6%-16.3%18.7K160.5K-20.7K0.3374.55N/AN/A1063531,6089,319
2023-01-19$4.04$5.0081.4%23.3%81.4%24.5%86.0%-2.2%-2.8%16.8K324.4K-19.4K0.2944.34N/AN/A561631,6339,265
2023-01-20$4.34$5.0076.6%22.0%84.7%20.1%77.5%-0.5%2.4%20.2K213.9K-20.4K1.1324.07N/AN/A44250131,6499,265
2023-01-23$4.45$5.0074.7%21.4%84.4%18.4%80.7%-24.7%1.8%23.4K-1.3M-20.7K0.0656.10N/AN/A1,0495917,3954,408
2023-01-24$4.44$5.0073.3%21.0%77.3%17.2%82.7%-14.9%-9.9%21.8K-1.3M-20.2K0.3255.00N/AN/A51416417,4254,454
2023-01-25$4.49$5.0066.9%19.2%75.9%11.4%71.6%-9.1%1.2%23.9K-1.3M-20.5K0.0254.63N/AN/A215517,6364,611
2023-01-26$4.49$5.0078.8%22.6%69.8%22.2%80.9%-7.8%-5.1%22.1K-1.1M-19.7K0.4448.94N/AN/A1828017,6004,614
2023-01-27$4.46$5.0069.0%19.8%70.1%13.3%70.9%-11.4%5.4%24.1K-1.2M-20.0K0.0035.95N/AN/A779117,7134,687
2023-01-30$4.50$5.0071.0%20.3%53.7%15.1%79.2%-17.5%-4.7%26.8K-1.3M-20.2K0.1847.53N/AN/A64911518,2274,688
2023-01-31$4.44$5.0081.4%23.3%52.4%24.5%83.1%-14.0%1.7%29.3K-1.5M-22.0K0.0923.45N/AN/A3863618,7994,779