IONQ Options History — May 2023

In May 2023, IONQ traded between $5.31 and $11.00. ATM implied volatility averaged 101.4%, placing in the 39.5% IV rank vs the trailing year. The 30-day expected move averaged 28.2%. IV traded above realized volatility by 15.0% (HV 20d: 86.4%). Max pain ranged from $5.00 to $10.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.28.

Notable Days

  • 2023-05-17: Highest Volume — 42,432 contracts
  • 2023-05-10: Largest IV drop — 27.9% change
  • 2023-05-08: Highest IV Rank — 60.8%
  • 2023-05-23: Largest Expected Move — 34.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.00$5.31$11.00$5.50$10.82
Max Pain$7.61$5.00$10.00$7.50$10.00
ATM IV101.4%77.0%126.7%98.3%106.8%
Expected Move28.2%22.1%34.5%28.2%33.9%
HV 20d86.4%43.4%127.7%64.8%126.4%
HV 60d86.3%77.6%100.1%79.2%100.0%
IV Rank39.5%19.1%60.8%36.9%44.1%
IV Percentile52.3%12.3%91.7%38.9%69.4%
Term Structure-8.1%-18.3%3.5%-11.3%-4.8%
VWIV100.2%77.3%122.4%99.1%116.7%
Skew 25d0.0%-10.9%14.7%4.1%-5.3%
Skew 10d26.7%-37.1%205.1%45.1%29.8%
Call IV 25d100.6%76.7%129.7%105.9%113.2%
Put IV 25d100.7%85.2%123.5%110.0%107.9%
Bid-Ask Spread %31.589.6161.1560.3138.61
Gamma HHI0.300.180.600.210.18
Net GEX203.7K27.9K595.9K29.4K595.9K
Net DEX-16.9M-40.1M-2.6M-2.9M-39.8M
Net VEX-77.6K-156.0K-34.1K-34.7K-156.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.280.090.640.360.47
Total Volume9,140.31841542,4324156,236
Total OI59,947.27335,960104,66835,960104,668

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$5.50$7.5098.3%28.2%64.8%36.9%99.1%4.1%-11.3%29.4K-2.9M-34.7K0.3660.31N/AN/A30511025,68510,275
2023-05-02$5.31$7.50108.6%31.1%65.5%45.6%111.6%7.2%-18.3%27.9K-2.6M-34.1K0.1737.95N/AN/A80113725,84210,315
2023-05-03$5.38$7.5099.2%28.4%43.4%37.7%100.5%-10.3%-13.9%29.6K-2.9M-36.6K0.1841.42N/AN/A69812826,02910,330
2023-05-04$5.54$5.00105.0%25.2%43.7%42.5%87.5%14.7%-5.2%34.6K-3.1M-34.9K0.6461.15N/AN/A38124526,51310,299
2023-05-05$5.88$5.00101.3%24.1%48.7%39.5%86.2%-7.1%0.4%43.1K-3.9M-36.5K0.1341.64N/AN/A1,28816826,70810,481
2023-05-08$6.16$5.00126.7%25.8%52.3%60.8%90.0%6.9%-13.6%38.2K-4.4M-35.7K0.3142.58N/AN/A1,05432827,04710,496
2023-05-09$6.38$5.00122.7%26.7%54.2%57.4%92.5%12.2%-12.0%62.6K-5.5M-39.7K0.2858.46N/AN/A77021627,50910,691
2023-05-10$6.96$5.0088.4%25.3%62.4%28.6%88.0%1.9%-10.0%80.8K-7.2M-42.1K0.3424.71N/AN/A2,51085927,64510,823
2023-05-11$7.04$7.5087.4%25.1%61.8%27.8%90.1%2.1%-4.8%87.1K-7.9M-45.1K0.2639.83N/AN/A6,0041,58628,85711,098
2023-05-12$6.33$7.5077.4%22.2%72.7%19.4%80.6%6.1%-6.7%49.7K-5.0M-39.8K0.1213.55N/AN/A6,88883932,61511,673
2023-05-15$7.34$7.5077.0%22.1%89.5%19.1%77.3%10.9%-2.6%188.6K-10.0M-48.9K0.1210.59N/AN/A2,78534133,87911,803
2023-05-16$7.92$7.5081.3%23.3%91.9%22.7%88.0%2.2%-3.5%209.3K-13.8M-51.9K0.1213.76N/AN/A12,4111,49534,39711,856
2023-05-17$8.89$7.5091.6%26.3%98.6%31.3%95.3%0.9%-5.0%161.9K-20.6M-60.8K0.1311.26N/AN/A37,4574,97540,63412,593
2023-05-18$9.13$7.5098.1%28.1%96.8%36.8%99.2%2.6%-8.1%272.9K-24.8M-90.3K0.1430.29N/AN/A17,2172,38359,11916,662
2023-05-19$8.82$7.5097.3%27.9%98.7%36.1%97.9%-3.2%-10.4%278.4K-22.2M-92.5K0.269.61N/AN/A3,31486461,51717,616
2023-05-22$11.00$7.50118.3%33.9%118.1%53.7%121.1%-8.3%-16.4%358.3K-34.6M-109.1K0.3911.32N/AN/A22,0738,55854,11914,686
2023-05-23$11.00$10.00120.2%34.5%114.2%55.3%122.4%-6.3%-12.4%383.0K-36.9M-138.0K0.5112.06N/AN/A8,4654,27863,57422,291
2023-05-24$10.32$10.00106.7%30.6%117.4%44.0%109.8%-6.0%-11.6%371.3K-30.6M-139.8K0.499.63N/AN/A8,7924,28065,64424,215
2023-05-25$9.36$10.00103.4%31.1%126.2%41.2%112.5%-10.9%3.5%322.5K-24.0M-140.6K0.5355.96N/AN/A4,8072,56468,73124,677
2023-05-26$9.98$10.00105.5%31.7%126.0%43.0%117.2%-7.0%-5.8%362.3K-28.5M-146.7K0.1532.72N/AN/A7,8301,15569,89425,999
2023-05-30$10.98$10.00109.7%34.2%127.7%46.5%121.8%-6.4%-5.5%493.1K-40.1M-154.2K0.0937.34N/AN/A12,4061,08673,04226,293
2023-05-31$10.82$10.00106.8%33.9%126.4%44.1%116.7%-5.3%-4.8%595.9K-39.8M-156.0K0.4738.61N/AN/A4,2332,00377,82726,841