IONQ Options History — April 2025

In April 2025, IONQ traded between $20.68 and $28.82. ATM implied volatility averaged 115.1%, placing in the 68.0% IV rank vs the trailing year. The 30-day expected move averaged 34.2%. IV traded below realized volatility by 16.4% (HV 20d: 131.5%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.64.

Notable Days

2025-04-25: Highest Volume — 82,413 contracts
2025-04-09: Largest IV drop — 20.2% change
2025-04-08: Highest IV Rank — 93.7%
2025-04-08: Largest Expected Move — 40.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.26	$20.68	$28.82	$23.23	$27.30
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	115.1%	105.6%	142.3%	105.6%	110.7%
Expected Move	34.2%	31.3%	40.2%	32.5%	34.6%
HV 20d	131.5%	120.0%	149.4%	131.1%	120.0%
HV 60d	125.9%	111.8%	162.9%	162.9%	113.2%
IV Rank	68.0%	59.1%	93.7%	59.1%	63.9%
IV Percentile	68.8%	57.1%	99.2%	63.1%	61.9%
Term Structure	-0.7%	-7.4%	10.8%	-7.4%	0.3%
VWIV	119.3%	109.8%	135.5%	112.9%	121.0%
Skew 25d	5.7%	-14.8%	20.9%	-2.8%	4.5%
Skew 10d	21.9%	-11.3%	93.4%	-0.8%	1.2%
Call IV 25d	111.7%	102.0%	131.9%	105.2%	107.5%
Put IV 25d	117.4%	102.4%	142.0%	102.4%	112.0%
Bid-Ask Spread %	28.61	16.38	40.17	38.39	30.36
Gamma HHI	0.12	0.09	0.24	0.12	0.09
Net GEX	1.4M	-2.4M	3.6M	354.2K	1.3M
Net DEX	-134.6M	-239.4M	-4.9M	-74.9M	-151.7M
Net VEX	-1.5M	-1.6M	-1.3M	-1.4M	-1.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.64	0.30	0.89	0.89	0.56
Total Volume	38,661.381	12,204	82,413	39,580	28,802
Total OI	441,309.238	352,466	493,504	460,351	390,564

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
2025-04-01	$23.23	$25.00	105.6%	32.5%	131.1%	59.1%	112.9%	-2.8%	-7.4%	354.2K	-74.9M	-1.4M	0.89	38.39	N/A	N/A	20,911	18,669	245,345	215,006
2025-04-02	$24.98	$25.00	105.6%	32.1%	133.3%	59.1%	112.8%	0.1%	9.6%	1.2M	-133.8M	-1.5M	0.85	37.83	N/A	N/A	26,874	22,734	252,116	224,737
2025-04-03	$23.45	$25.00	113.1%	34.0%	129.5%	66.2%	119.2%	0.8%	8.2%	276.4K	-82.1M	-1.4M	0.80	37.57	N/A	N/A	21,001	16,880	260,613	231,846
2025-04-04	$20.98	$25.00	127.9%	39.0%	136.1%	80.1%	135.5%	20.9%	5.9%	-2.4M	-4.9M	-1.3M	0.77	40.17	N/A	N/A	28,683	22,011	261,777	230,554
2025-04-07	$22.70	$25.00	130.5%	37.6%	130.5%	82.6%	132.8%	-4.9%	-1.5%	375.9K	-72.7M	-1.4M	0.80	33.69	N/A	N/A	23,308	18,547	245,109	214,860
2025-04-08	$20.68	$25.00	142.3%	40.2%	135.5%	93.7%	134.8%	-14.8%	-3.4%	-113.4K	-23.0M	-1.3M	0.55	25.48	N/A	N/A	24,198	13,377	252,555	221,787
2025-04-09	$26.05	$25.00	113.5%	33.8%	149.2%	66.6%	117.9%	4.1%	10.8%	2.0M	-186.0M	-1.5M	0.73	39.06	N/A	N/A	32,645	23,731	258,931	221,728
2025-04-10	$25.18	$25.00	128.1%	36.4%	149.4%	80.3%	127.3%	12.8%	-2.2%	2.0M	-159.5M	-1.5M	0.63	34.65	N/A	N/A	27,580	17,344	263,814	223,499
2025-04-11	$25.95	$25.00	122.7%	35.0%	139.3%	75.2%	121.7%	9.2%	-1.5%	2.4M	-194.1M	-1.5M	0.35	34.93	N/A	N/A	38,782	13,412	268,086	225,418
2025-04-14	$25.45	$25.00	115.4%	32.9%	139.5%	68.4%	114.5%	6.4%	-2.1%	1.6M	-149.8M	-1.4M	0.81	16.38	N/A	N/A	21,359	17,231	250,959	214,856
2025-04-15	$24.95	$25.00	110.2%	31.5%	136.2%	63.4%	110.2%	6.2%	-2.3%	1.7M	-128.8M	-1.4M	0.81	32.91	N/A	N/A	12,807	10,418	257,675	224,435
2025-04-16	$24.20	$25.00	111.6%	32.0%	136.8%	64.8%	112.5%	4.9%	-2.4%	1.4M	-103.9M	-1.4M	0.81	27.02	N/A	N/A	12,715	10,293	260,536	226,763
2025-04-17	$25.52	$25.00	108.7%	31.3%	132.9%	62.1%	109.8%	7.2%	-2.6%	2.1M	-166.0M	-1.5M	0.49	32.46	N/A	N/A	17,132	8,459	263,705	227,532
2025-04-21	$24.11	$25.00	114.9%	33.7%	134.1%	67.8%	117.2%	17.3%	-4.2%	472.1K	-84.5M	-1.4M	0.56	18.22	N/A	N/A	13,123	7,329	174,539	177,927
2025-04-22	$25.57	$25.00	110.6%	32.9%	121.2%	63.8%	115.1%	9.5%	-3.5%	1.2M	-123.3M	-1.5M	0.58	17.53	N/A	N/A	18,226	10,497	179,925	180,219
2025-04-23	$26.70	$25.00	111.5%	32.3%	121.8%	64.7%	113.9%	7.7%	-3.2%	2.4M	-162.1M	-1.5M	0.56	18.51	N/A	N/A	17,227	9,579	188,448	185,849
2025-04-24	$28.34	$25.00	107.5%	32.6%	123.1%	60.9%	114.4%	9.4%	-4.9%	3.6M	-221.5M	-1.5M	0.30	17.35	N/A	N/A	50,397	15,339	194,157	188,592
2025-04-25	$28.82	$25.00	108.7%	33.1%	121.7%	62.1%	116.5%	10.3%	-1.8%	3.3M	-239.4M	-1.6M	0.65	21.44	N/A	N/A	49,875	32,538	202,329	193,160
2025-04-28	$28.38	$25.00	110.3%	35.2%	120.4%	63.6%	122.9%	8.9%	-2.1%	2.0M	-191.0M	-1.6M	0.46	21.51	N/A	N/A	17,595	8,057	193,442	187,743
2025-04-29	$27.94	$25.00	107.2%	34.6%	120.0%	60.6%	121.6%	2.7%	-3.8%	1.7M	-173.5M	-1.6M	0.49	25.39	N/A	N/A	8,181	4,023	194,367	191,991
2025-04-30	$27.30	$25.00	110.7%	34.6%	120.0%	63.9%	121.0%	4.5%	0.3%	1.3M	-151.7M	-1.5M	0.56	30.36	N/A	N/A	18,472	10,330	197,681	192,883