IONQ Options History — March 2023

In March 2023, IONQ traded between $4.53 and $6.13. ATM implied volatility averaged 113.3%, placing in the 49.5% IV rank vs the trailing year. The 30-day expected move averaged 31.8%. IV traded above realized volatility by 41.5% (HV 20d: 71.7%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 0.36.

Notable Days

  • 2023-03-31: Highest Volume — 18,393 contracts
  • 2023-03-13: Largest IV spike — 24.7% change
  • 2023-03-13: Highest IV Rank — 78.5%
  • 2023-03-01: Largest Expected Move — 36.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.90$4.53$6.13$4.61$6.13
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV113.3%102.0%147.8%127.9%102.0%
Expected Move31.8%29.2%36.7%36.7%29.2%
HV 20d71.7%54.6%92.9%92.9%92.1%
HV 60d76.5%71.3%80.9%78.6%80.9%
IV Rank49.5%40.0%78.5%61.8%40.0%
IV Percentile71.5%47.6%98.0%88.9%47.6%
Term Structure-4.6%-17.2%10.8%-12.7%10.8%
VWIV114.0%105.3%161.2%161.2%108.0%
Skew 25d-25.3%-37.2%-6.1%-37.2%-6.1%
Skew 10d-35.6%-73.0%-6.8%-73.0%-19.6%
Call IV 25d118.6%110.5%127.7%123.0%111.6%
Put IV 25d93.4%85.2%106.0%85.8%105.5%
Bid-Ask Spread %24.646.7155.9610.8811.55
Gamma HHI0.210.150.290.190.24
Net GEX40.1K25.7K72.6K30.5K72.6K
Net DEX-2.9M-7.1M-1.8M-1.9M-7.1M
Net VEX-29.5K-36.6K-26.3K-26.3K-36.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.360.021.500.150.24
Total Volume1,741.08718318,39341018,393
Total OI35,04530,68138,04833,79436,205

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$4.61$5.00127.9%36.7%92.9%61.8%161.2%-37.2%-12.7%30.5K-1.9M-26.3K0.1510.88N/AN/A3575325,9627,832
2023-03-02$4.75$5.00120.1%34.4%89.7%55.3%116.3%-36.4%-1.5%31.3K-2.1M-27.2K0.0842.34N/AN/A1691425,9707,851
2023-03-03$5.03$5.00112.1%32.1%80.0%48.5%115.9%-27.9%-0.7%39.1K-2.8M-29.3K0.0642.62N/AN/A1,5129826,0427,848
2023-03-06$4.92$5.00112.8%30.8%80.0%49.1%108.5%-30.9%-12.8%40.4K-2.8M-30.1K0.2217.64N/AN/A64514127,4057,854
2023-03-07$4.96$5.00110.2%31.1%80.1%46.9%113.8%-28.3%-10.0%42.3K-3.0M-30.2K0.1623.95N/AN/A72611427,6597,918
2023-03-08$5.08$5.00106.9%31.2%77.2%44.1%110.1%-25.4%-10.0%43.1K-3.2M-31.6K0.6038.48N/AN/A68241228,2488,010
2023-03-09$4.79$5.00109.0%32.2%79.9%45.9%113.6%-17.7%-17.2%36.7K-2.6M-30.1K0.1435.64N/AN/A5137428,6608,226
2023-03-10$4.53$5.00118.6%33.2%76.2%54.0%116.7%-34.4%-16.6%31.3K-1.8M-28.0K0.5834.78N/AN/A52330528,7678,284
2023-03-13$4.75$5.00147.8%33.3%77.8%78.5%116.1%-34.1%-13.7%37.9K-2.4M-28.9K0.7155.96N/AN/A30521628,8678,194
2023-03-14$4.78$5.00132.9%32.5%77.7%66.0%114.2%-32.3%-14.2%41.6K-2.4M-29.0K1.5038.78N/AN/A29944928,9428,319
2023-03-15$4.75$5.00112.7%32.3%76.9%49.0%115.2%-32.4%-11.4%40.0K-2.3M-28.6K1.3339.40N/AN/A23230829,0808,459
2023-03-16$4.83$5.00108.0%30.9%64.7%45.0%108.7%-24.5%3.1%49.0K-2.3M-28.5K0.2632.03N/AN/A44711529,1418,570
2023-03-17$4.75$5.00107.4%30.8%63.0%44.6%107.5%-32.1%3.8%25.7K-1.8M-28.4K1.1514.35N/AN/A55263429,4148,634
2023-03-20$4.66$5.00105.0%30.1%54.9%42.6%105.3%-23.8%2.5%26.1K-2.1M-27.2K0.388.16N/AN/A1,68263423,1837,498
2023-03-21$4.92$5.00104.6%30.0%55.5%42.2%106.5%-24.5%4.5%37.4K-2.8M-29.1K0.0213.17N/AN/A1,6322924,5817,844
2023-03-22$4.71$5.00105.0%30.1%57.7%42.6%106.2%-19.1%0.9%36.4K-2.6M-28.5K0.1511.39N/AN/A2884224,9097,843
2023-03-23$4.83$5.00108.5%31.1%58.1%45.5%109.1%-18.3%2.7%37.8K-2.7M-28.9K0.049.82N/AN/A7002625,0077,883
2023-03-24$4.89$5.00114.7%32.9%54.6%50.7%115.4%-18.7%-8.1%39.2K-2.9M-29.1K0.0222.61N/AN/A5401325,3027,904
2023-03-27$5.13$5.00108.6%31.1%56.6%45.6%112.8%-18.7%-2.9%46.0K-3.6M-30.5K0.0913.14N/AN/A1,54714425,5367,908
2023-03-28$4.71$5.00111.0%31.8%64.4%47.6%113.8%-24.6%-3.4%40.2K-2.9M-28.8K0.1633.10N/AN/A98915826,5387,889
2023-03-29$5.13$5.00109.0%31.2%70.1%45.9%110.2%-11.5%2.6%47.5K-3.8M-30.8K0.086.71N/AN/A8066426,7827,936
2023-03-30$5.12$5.00110.7%31.7%69.6%47.4%117.9%-21.8%-2.2%49.7K-4.1M-31.7K0.2110.19N/AN/A2,04242127,1597,972
2023-03-31$6.13$5.00102.0%29.2%92.1%40.0%108.0%-6.1%10.8%72.6K-7.1M-36.6K0.2411.55N/AN/A14,7883,60528,0578,148