IONQ Options History — March 2025

In March 2025, IONQ traded between $18.33 and $26.12. ATM implied volatility averaged 114.4%, placing in the 67.4% IV rank vs the trailing year. The 30-day expected move averaged 37.0%. IV traded above realized volatility by 1.0% (HV 20d: 113.4%). Max pain ranged from $22.50 to $32.00. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.74.

Notable Days

2025-03-24: Highest Volume — 101,098 contracts
2025-03-14: Largest IV drop — 8.7% change
2025-03-13: Highest IV Rank — 82.6%
2025-03-10: Largest Expected Move — 45.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$22.55	$18.33	$26.12	$22.75	$22.23
Max Pain	$26.69	$22.50	$32.00	$32.00	$25.00
ATM IV	114.4%	97.1%	130.5%	123.6%	102.3%
Expected Move	37.0%	30.8%	45.4%	39.4%	31.8%
HV 20d	113.4%	76.9%	145.0%	81.5%	130.3%
HV 60d	166.4%	161.1%	171.7%	167.9%	162.7%
IV Rank	67.4%	51.1%	82.6%	76.0%	56.0%
IV Percentile	73.0%	58.3%	90.5%	83.3%	59.9%
Term Structure	-3.3%	-21.5%	14.8%	-5.6%	9.1%
VWIV	129.6%	107.8%	157.4%	138.4%	112.6%
Skew 25d	2.4%	-20.0%	55.8%	3.5%	1.4%
Skew 10d	3.8%	-42.9%	54.5%	0.3%	45.4%
Call IV 25d	112.3%	69.0%	132.0%	119.1%	103.9%
Put IV 25d	114.7%	81.5%	130.4%	122.6%	105.3%
Bid-Ask Spread %	24.93	5.81	44.06	11.50	32.52
Gamma HHI	0.11	0.05	0.48	0.09	0.14
Net GEX	625.2K	-405.4K	4.2M	-405.4K	-23.5K
Net DEX	-51.7M	-163.9M	33.7M	-4.0M	-40.6M
Net VEX	-1.2M	-1.5M	-827.6K	-991.7K	-1.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.74	0.44	1.14	1.13	1.14
Total Volume	51,778.19	24,955	101,098	42,000	30,973
Total OI	414,485.81	334,135	485,724	334,135	449,469

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-03-03	$22.75	$32.00	123.6%	39.4%	81.5%	76.0%	138.4%	3.5%	-5.6%	-405.4K	-4.0M	-991.7K	1.13	11.50	N/A	N/A	19,703	22,297	181,482	152,653
2025-03-04	$22.34	$31.00	127.3%	42.3%	76.9%	79.6%	147.0%	-2.6%	-2.7%	-288.5K	-3.4M	-995.4K	1.05	10.27	N/A	N/A	26,414	27,633	189,045	156,617
2025-03-05	$22.83	$30.00	123.8%	40.4%	77.4%	76.3%	143.0%	55.8%	-4.3%	86.0K	-20.8M	-1.0M	0.48	5.81	N/A	N/A	17,671	8,419	198,323	157,744
2025-03-06	$20.55	$30.00	125.5%	42.0%	80.7%	77.9%	145.3%	-1.3%	-5.1%	-357.7K	16.6M	-922.8K	0.86	14.27	N/A	N/A	18,808	16,229	208,591	158,608
2025-03-07	$20.73	$30.00	126.8%	42.2%	82.1%	79.1%	146.8%	-0.3%	-12.8%	-131.3K	10.4M	-948.0K	0.83	30.76	N/A	N/A	20,762	17,211	211,984	162,900
2025-03-10	$18.33	$30.00	127.6%	45.4%	87.5%	79.9%	155.6%	0.5%	-1.5%	-258.4K	33.7M	-827.6K	0.91	17.21	N/A	N/A	27,897	25,437	197,740	154,303
2025-03-11	$18.70	$30.00	126.4%	44.8%	88.0%	78.8%	156.3%	3.1%	-5.8%	-171.7K	22.0M	-869.1K	0.62	34.22	N/A	N/A	15,441	9,514	204,904	159,726
2025-03-12	$21.75	$27.00	125.1%	44.2%	109.8%	77.5%	155.0%	3.8%	-7.2%	337.2K	-38.0M	-1.0M	0.72	30.56	N/A	N/A	48,478	35,121	210,010	161,990
2025-03-13	$21.18	$25.00	130.5%	44.8%	109.4%	82.6%	157.4%	7.2%	-21.5%	-23.2K	-21.9M	-1.0M	0.65	42.87	N/A	N/A	32,946	21,306	227,370	179,548
2025-03-14	$24.76	$23.00	119.1%	43.6%	127.5%	71.8%	151.8%	-2.2%	-3.6%	2.2M	-129.0M	-1.2M	0.48	27.55	N/A	N/A	64,737	31,274	236,600	186,312
2025-03-17	$25.01	$22.50	117.2%	33.3%	128.0%	70.0%	116.4%	-1.5%	-5.7%	1.1M	-115.0M	-1.2M	0.80	18.69	N/A	N/A	39,227	31,185	227,332	177,387
2025-03-18	$23.02	$25.00	116.1%	33.3%	125.1%	69.0%	117.3%	-2.0%	-3.9%	697.1K	-64.8M	-1.2M	0.67	17.29	N/A	N/A	24,710	16,479	244,337	194,471
2025-03-19	$23.14	$25.00	110.3%	32.4%	124.3%	63.6%	113.2%	-2.2%	-7.7%	764.4K	-66.3M	-1.3M	0.44	36.62	N/A	N/A	17,720	7,866	254,662	202,340
2025-03-20	$21.05	$25.00	102.0%	31.2%	127.1%	55.7%	109.7%	-1.3%	-1.2%	147.5K	-2.8M	-1.2M	0.77	31.12	N/A	N/A	40,927	31,565	261,669	203,732
2025-03-21	$22.05	$25.00	103.0%	30.9%	128.7%	56.7%	109.1%	0.9%	14.8%	4.2M	-46.2M	-1.2M	0.60	31.74	N/A	N/A	52,327	31,483	275,047	210,618
2025-03-24	$26.12	$25.00	98.7%	30.8%	145.0%	52.6%	107.8%	-20.0%	2.8%	1.3M	-163.9M	-1.4M	0.51	12.68	N/A	N/A	66,979	34,119	223,376	187,349
2025-03-25	$25.41	$25.00	97.1%	31.0%	144.2%	51.1%	108.3%	5.6%	-9.5%	2.0M	-161.6M	-1.5M	0.58	16.15	N/A	N/A	23,100	13,400	255,453	205,882
2025-03-26	$24.95	$25.00	100.9%	31.4%	144.2%	54.7%	110.9%	3.5%	1.2%	1.7M	-141.8M	-1.5M	0.70	37.04	N/A	N/A	30,348	21,234	257,541	210,532
2025-03-27	$23.85	$25.00	99.2%	31.1%	132.0%	53.1%	109.4%	-0.7%	0.5%	646.3K	-93.0M	-1.4M	0.86	44.06	N/A	N/A	16,661	14,344	261,891	218,940
2025-03-28	$22.83	$25.00	100.0%	31.3%	132.2%	53.8%	110.4%	-1.3%	-0.5%	-239.0K	-54.8M	-1.4M	0.83	20.70	N/A	N/A	19,382	16,015	264,472	221,252
2025-03-31	$22.23	$25.00	102.3%	31.8%	130.3%	56.0%	112.6%	1.4%	9.1%	-23.5K	-40.6M	-1.3M	1.14	32.52	N/A	N/A	14,441	16,532	239,498	209,971