IONQ Options History — February 2023

In February 2023, IONQ traded between $4.54 and $5.59. ATM implied volatility averaged 127.5%, placing in the 61.9% IV rank vs the trailing year. The 30-day expected move averaged 35.8%. IV traded above realized volatility by 47.3% (HV 20d: 80.2%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 0.42.

Notable Days

  • 2023-02-06: Highest Volume — 17,279 contracts
  • 2023-02-06: Largest IV spike — 43.2% change
  • 2023-02-06: Highest IV Rank — 100.0%
  • 2023-02-06: Largest Expected Move — 42.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.98$4.54$5.59$4.78$4.75
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV127.5%77.7%173.4%77.7%127.6%
Expected Move35.8%22.3%42.4%22.3%36.6%
HV 20d80.2%56.6%92.4%56.6%92.4%
HV 60d77.6%72.5%82.8%78.7%78.4%
IV Rank61.9%21.2%100.0%21.2%61.6%
IV Percentile82.4%13.5%100.0%13.5%88.5%
Term Structure-9.5%-23.5%0.3%-0.1%-8.8%
VWIV132.0%77.9%167.7%77.9%140.0%
Skew 25d-16.7%-42.1%81.3%-8.6%81.3%
Skew 10d-24.8%-71.8%132.4%5.2%132.4%
Call IV 25d126.8%86.5%147.2%86.5%119.0%
Put IV 25d110.0%77.8%200.3%77.8%200.3%
Bid-Ask Spread %22.688.0147.8533.0610.67
Gamma HHI0.270.190.380.380.20
Net GEX49.1K30.7K73.9K36.7K33.2K
Net DEX-3.3M-5.6M-2.0M-2.0M-2.3M
Net VEX-30.4K-34.7K-23.6K-23.6K-28.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.420.023.220.020.06
Total Volume2,717.89531617,279431481
Total OI33,752.10524,00338,63824,00333,892

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$4.78$5.0077.7%22.3%56.6%21.2%77.9%-8.6%-0.1%36.7K-2.0M-23.6K0.0233.06N/AN/A4211019,2084,795
2023-02-02$5.41$5.0097.5%25.1%68.2%39.0%109.0%-5.1%0.3%41.6K-3.3M-27.7K0.0627.90N/AN/A6,78341119,3684,805
2023-02-03$5.49$5.00121.1%30.7%68.2%60.4%117.7%-10.8%-7.2%58.4K-4.2M-31.6K0.0247.56N/AN/A4,2409123,9285,029
2023-02-06$5.44$5.00173.4%42.4%68.9%100.0%167.7%-14.5%-23.3%65.4K-5.1M-34.7K0.0510.47N/AN/A16,42985027,0575,108
2023-02-07$5.09$5.00149.9%42.0%75.2%80.2%150.9%-18.7%-23.5%73.9K-4.7M-34.7K0.0817.27N/AN/A5,53642432,9015,737
2023-02-08$5.13$5.00136.9%39.3%74.8%69.4%145.5%-10.3%-8.6%68.7K-4.4M-34.1K0.0515.81N/AN/A1,5157130,9516,163
2023-02-09$4.70$5.00135.9%39.0%83.3%68.5%138.2%-14.3%-10.4%51.8K-3.1M-31.0K0.0619.13N/AN/A1,5539230,5846,230
2023-02-10$4.80$5.00135.1%38.7%82.0%67.9%142.5%-18.3%-17.2%54.6K-3.3M-31.6K0.0417.06N/AN/A6382330,5366,261
2023-02-13$4.86$5.00136.3%39.1%75.1%68.9%143.9%-18.0%-11.2%54.0K-3.3M-31.3K0.2414.90N/AN/A44310730,4296,587
2023-02-14$5.00$5.00126.0%36.1%75.0%60.2%135.3%-34.2%-6.6%59.0K-3.5M-30.8K0.3923.01N/AN/A54521430,4846,600
2023-02-15$5.59$5.00133.0%38.1%82.2%66.1%138.4%-22.1%-12.7%55.9K-5.6M-34.7K0.2047.85N/AN/A1,26625730,3986,799
2023-02-16$5.33$5.00123.3%35.3%82.8%57.9%130.7%-22.6%-1.4%62.5K-4.5M-33.0K0.3337.17N/AN/A98732330,5006,942
2023-02-17$4.87$5.00119.7%34.3%87.6%54.9%123.7%-32.8%-8.0%42.3K-2.2M-29.2K1.0421.18N/AN/A90994330,6667,040
2023-02-21$4.64$5.00127.3%36.5%89.3%61.3%127.8%-42.1%-10.9%37.4K-2.5M-28.2K0.6614.74N/AN/A37324625,8895,968
2023-02-22$4.71$5.00127.2%36.5%89.4%61.2%130.7%-34.3%-7.0%37.4K-2.5M-28.6K0.0425.60N/AN/A1,8488325,9326,132
2023-02-23$4.79$5.00124.6%35.7%89.5%59.0%134.3%-37.8%-4.8%37.7K-2.6M-28.6K1.2026.32N/AN/A68181725,8706,212
2023-02-24$4.54$5.00126.0%36.1%91.8%60.2%126.5%-15.4%-11.2%31.6K-2.2M-27.6K3.228.01N/AN/A4061,30825,8226,680
2023-02-27$4.62$5.00124.3%35.6%91.9%58.7%127.9%-39.6%-7.9%30.7K-2.0M-27.2K0.1513.16N/AN/A2754125,9937,794
2023-02-28$4.75$5.00127.6%36.6%92.4%61.6%140.0%81.3%-8.8%33.2K-2.3M-28.8K0.0610.67N/AN/A4532826,0587,834