IONQ Options History — July 2025

In July 2025, IONQ traded between $39.81 and $46.70. ATM implied volatility averaged 90.6%, placing in the 44.9% IV rank vs the trailing year. The 30-day expected move averaged 27.3%. IV traded above realized volatility by 22.9% (HV 20d: 67.7%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.56.

Notable Days

2025-07-18: Highest Volume — 191,321 contracts
2025-07-07: Largest IV spike — 16.7% change
2025-07-07: Highest IV Rank — 54.0%
2025-07-31: Largest Expected Move — 29.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$43.24	$39.81	$46.70	$40.39	$40.05
Max Pain	$38.45	$35.00	$40.00	$35.00	$40.00
ATM IV	90.6%	82.6%	100.2%	83.5%	86.8%
Expected Move	27.3%	24.0%	29.8%	24.0%	29.8%
HV 20d	67.7%	55.5%	76.6%	61.6%	55.5%
HV 60d	92.0%	87.6%	105.2%	105.2%	87.6%
IV Rank	44.9%	37.4%	54.0%	38.2%	41.4%
IV Percentile	35.7%	19.4%	46.4%	27.4%	25.0%
Term Structure	0.1%	-5.7%	6.7%	3.9%	6.4%
VWIV	96.7%	85.4%	106.3%	85.4%	106.3%
Skew 25d	-5.0%	-10.6%	10.0%	-7.7%	-5.9%
Skew 10d	-13.2%	-45.8%	3.6%	-8.1%	-11.1%
Call IV 25d	96.3%	88.5%	101.5%	89.0%	96.6%
Put IV 25d	91.3%	81.3%	108.3%	81.3%	90.7%
Bid-Ask Spread %	21.24	13.55	36.70	17.18	26.40
Gamma HHI	0.09	0.06	0.36	0.06	0.06
Net GEX	7.1M	-3.6M	23.1M	4.1M	-657.3K
Net DEX	-519.0M	-862.2M	-220.1M	-448.0M	-251.0M
Net VEX	-2.6M	-2.7M	-2.5M	-2.6M	-2.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.56	0.23	0.89	0.62	0.70
Total Volume	93,215.818	46,335	191,321	73,080	57,801
Total OI	642,754.182	552,661	756,448	610,824	615,802

Daily Data (22 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
2025-07-01	$40.39	$35.00	83.5%	24.0%	61.6%	38.2%	85.4%	-7.7%	3.9%	4.1M	-448.0M	-2.6M	0.62	17.18	N/A	N/A	45,219	27,861	320,034	290,790
2025-07-02	$44.05	$35.00	88.4%	25.3%	68.3%	42.9%	89.1%	-5.7%	5.6%	10.8M	-691.3M	-2.7M	0.26	13.55	N/A	N/A	72,354	18,997	330,056	302,157
2025-07-03	$44.30	$37.00	85.9%	26.7%	67.9%	40.5%	96.7%	-4.9%	6.7%	12.7M	-700.9M	-2.7M	0.48	25.09	N/A	N/A	40,087	19,145	330,435	305,380
2025-07-07	$45.02	$37.00	100.2%	28.5%	62.5%	54.0%	100.5%	-6.8%	-2.0%	8.3M	-691.9M	-2.7M	0.45	25.99	N/A	N/A	67,502	30,150	309,969	293,342
2025-07-08	$44.86	$37.00	95.7%	27.8%	59.5%	49.8%	98.6%	-10.6%	-0.8%	10.2M	-707.1M	-2.7M	0.54	26.92	N/A	N/A	73,710	39,921	334,472	308,631
2025-07-09	$45.63	$37.00	87.5%	27.1%	59.3%	42.0%	96.7%	-10.6%	0.6%	10.0M	-713.8M	-2.7M	0.36	31.66	N/A	N/A	47,349	17,161	334,538	319,825
2025-07-10	$46.19	$38.00	93.8%	26.8%	59.3%	47.9%	94.2%	0.7%	-0.9%	12.1M	-757.6M	-2.6M	0.50	28.31	N/A	N/A	45,903	23,086	336,472	326,208
2025-07-11	$41.99	$38.00	87.2%	25.7%	69.3%	41.7%	92.3%	10.0%	0.6%	-3.6M	-413.3M	-2.5M	0.89	19.43	N/A	N/A	92,998	82,639	341,648	339,145
2025-07-14	$42.28	$38.00	89.4%	25.7%	68.7%	43.8%	91.1%	-5.0%	-1.2%	2.6M	-458.9M	-2.5M	0.74	19.56	N/A	N/A	66,615	49,328	331,973	333,875
2025-07-15	$41.46	$38.00	90.0%	25.7%	68.6%	44.4%	92.0%	-5.6%	-1.1%	1.8M	-413.1M	-2.6M	0.80	14.62	N/A	N/A	28,072	22,466	350,604	356,009
2025-07-16	$43.41	$38.00	90.6%	26.0%	70.2%	45.0%	92.3%	-4.6%	3.1%	9.1M	-564.9M	-2.6M	0.53	15.58	N/A	N/A	46,064	24,569	353,725	368,481
2025-07-17	$44.55	$39.00	92.0%	26.5%	70.5%	46.2%	94.6%	-3.9%	-1.4%	16.1M	-654.6M	-2.7M	0.37	19.84	N/A	N/A	54,438	20,296	360,680	383,401
2025-07-18	$46.70	$39.00	94.0%	27.2%	71.5%	48.2%	96.1%	-6.3%	-2.0%	23.1M	-862.2M	-2.7M	0.42	20.66	N/A	N/A	134,962	56,359	367,254	389,194
2025-07-21	$44.69	$40.00	93.6%	27.8%	73.8%	47.8%	97.7%	-5.9%	-0.4%	6.7M	-501.1M	-2.7M	0.43	17.49	N/A	N/A	65,212	27,959	278,239	274,422
2025-07-22	$42.34	$40.00	91.6%	27.8%	76.4%	45.9%	97.5%	-6.1%	1.1%	544.1K	-334.7M	-2.6M	0.88	16.63	N/A	N/A	98,557	86,305	289,704	288,524
2025-07-23	$43.29	$40.00	92.6%	27.9%	76.6%	46.9%	99.3%	-4.2%	-1.3%	8.9M	-444.7M	-2.7M	0.47	17.90	N/A	N/A	31,517	14,818	313,693	311,628
2025-07-24	$44.01	$40.00	93.0%	28.4%	73.9%	47.2%	100.1%	-3.7%	-1.9%	17.0M	-512.6M	-2.7M	0.23	17.33	N/A	N/A	57,568	13,046	320,723	315,270
2025-07-25	$43.28	$40.00	90.6%	27.5%	71.6%	45.0%	97.5%	-8.3%	-3.0%	4.1M	-413.2M	-2.6M	0.72	16.33	N/A	N/A	85,470	61,189	338,352	320,241
2025-07-28	$42.29	$40.00	91.3%	28.5%	71.6%	45.7%	101.3%	-4.0%	-5.7%	3.1M	-378.9M	-2.6M	0.56	22.98	N/A	N/A	33,017	18,388	284,295	285,155
2025-07-29	$40.71	$40.00	82.6%	29.1%	67.8%	37.4%	104.6%	-5.5%	-0.3%	673.0K	-283.6M	-2.6M	0.60	17.11	N/A	N/A	33,195	20,040	294,099	292,956
2025-07-30	$39.81	$40.00	92.0%	29.8%	64.3%	46.3%	103.4%	-6.4%	-2.8%	-1.7M	-220.1M	-2.6M	0.80	36.70	N/A	N/A	55,173	44,242	299,352	299,839
2025-07-31	$40.05	$40.00	86.8%	29.8%	55.5%	41.4%	106.3%	-5.9%	6.4%	-657.3K	-251.0M	-2.6M	0.70	26.40	N/A	N/A	34,063	23,738	305,382	310,420