IONQ Options History — August 2025

In August 2025, IONQ traded between $36.72 and $44.59. ATM implied volatility averaged 75.7%, placing in the 30.9% IV rank vs the trailing year. The 30-day expected move averaged 21.8%. IV traded above realized volatility by 13.7% (HV 20d: 62.0%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.71.

Notable Days

2025-08-11: Highest Volume — 229,533 contracts
2025-08-12: Largest IV drop — 10.7% change
2025-08-01: Highest IV Rank — 45.7%
2025-08-01: Largest Expected Move — 30.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$40.52	$36.72	$44.59	$38.23	$42.66
Max Pain	$40.00	$40.00	$40.00	$40.00	$40.00
ATM IV	75.7%	69.1%	91.4%	91.4%	71.3%
Expected Move	21.8%	19.7%	30.4%	30.4%	20.3%
HV 20d	62.0%	55.2%	68.6%	57.3%	66.3%
HV 60d	77.8%	63.3%	88.5%	88.1%	63.7%
IV Rank	30.9%	24.7%	45.7%	45.7%	26.7%
IV Percentile	16.8%	10.7%	35.7%	35.7%	12.3%
Term Structure	-0.5%	-6.6%	3.7%	-3.9%	0.5%
VWIV	77.9%	71.2%	107.8%	107.8%	72.0%
Skew 25d	-1.9%	-5.8%	2.3%	-5.4%	-0.4%
Skew 10d	-3.1%	-20.3%	3.6%	-20.3%	2.1%
Call IV 25d	77.8%	68.7%	98.3%	98.3%	73.1%
Put IV 25d	75.9%	69.3%	92.9%	92.9%	72.8%
Bid-Ask Spread %	29.47	16.01	40.23	39.76	32.09
Gamma HHI	0.10	0.05	0.21	0.08	0.08
Net GEX	3.0M	-12.9M	16.2M	-5.3M	11.8M
Net DEX	-324.5M	-632.8M	-19.6M	-117.7M	-560.5M
Net VEX	-2.5M	-2.6M	-2.3M	-2.5M	-2.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.71	0.25	1.20	0.56	0.74
Total Volume	106,339.619	28,495	229,533	90,182	55,479
Total OI	666,192.238	586,905	777,221	632,689	713,229

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
2025-08-01	$38.23	$40.00	91.4%	30.4%	57.3%	45.7%	107.8%	-5.4%	-3.9%	-5.3M	-117.7M	-2.5M	0.56	39.76	N/A	N/A	57,811	32,371	309,651	323,038
2025-08-04	$39.98	$40.00	84.6%	23.6%	59.7%	39.3%	85.8%	-5.8%	-0.9%	1.5M	-274.6M	-2.5M	0.58	18.11	N/A	N/A	38,505	22,168	292,590	298,366
2025-08-05	$42.11	$40.00	87.5%	24.4%	63.1%	42.0%	87.4%	-4.9%	0.2%	5.0M	-435.7M	-2.6M	0.41	18.57	N/A	N/A	26,584	10,802	310,541	311,652
2025-08-06	$41.08	$40.00	88.1%	24.6%	63.1%	42.6%	86.3%	-5.8%	-1.8%	4.1M	-376.0M	-2.6M	1.20	16.01	N/A	N/A	37,550	45,013	318,027	314,079
2025-08-07	$40.10	$40.00	81.1%	22.0%	63.1%	36.0%	78.2%	-0.6%	-6.6%	1.7M	-266.6M	-2.4M	0.62	40.23	N/A	N/A	118,779	74,217	334,556	344,682
2025-08-08	$41.88	$40.00	75.6%	21.5%	56.2%	30.8%	76.8%	-1.9%	3.7%	9.3M	-494.1M	-2.5M	0.75	21.90	N/A	N/A	83,793	62,451	352,341	363,476
2025-08-11	$44.59	$40.00	77.4%	22.3%	60.4%	32.5%	78.9%	-2.2%	-0.4%	9.3M	-607.8M	-2.5M	1.03	38.75	N/A	N/A	113,019	116,514	298,227	320,047
2025-08-12	$42.99	$40.00	69.1%	21.6%	61.6%	24.7%	76.2%	-1.5%	2.8%	4.3M	-431.1M	-2.5M	0.25	36.84	N/A	N/A	65,244	16,461	327,830	361,362
2025-08-13	$41.38	$40.00	72.4%	20.7%	60.8%	27.8%	73.8%	-1.3%	-1.0%	-1.1M	-268.2M	-2.5M	0.85	39.79	N/A	N/A	108,176	92,060	351,781	367,071
2025-08-14	$40.80	$40.00	71.0%	20.7%	60.0%	26.4%	73.8%	-0.9%	1.5%	-7.1M	-214.7M	-2.5M	0.74	35.59	N/A	N/A	35,790	26,539	359,446	399,882
2025-08-15	$40.30	$40.00	70.7%	20.4%	56.8%	26.1%	73.6%	-1.7%	1.5%	-12.9M	-125.7M	-2.5M	0.86	38.19	N/A	N/A	30,772	26,318	368,056	409,165
2025-08-18	$40.35	$40.00	70.9%	20.4%	55.2%	26.3%	72.7%	-2.7%	0.0%	1.3M	-258.2M	-2.4M	0.49	29.15	N/A	N/A	28,682	14,142	276,438	310,467
2025-08-19	$36.72	$40.00	72.6%	20.8%	61.4%	27.9%	76.7%	-1.2%	0.2%	-7.5M	-19.6M	-2.3M	0.41	27.29	N/A	N/A	112,619	46,121	291,145	317,173
2025-08-20	$36.86	$40.00	71.0%	20.4%	60.6%	26.4%	73.5%	-1.7%	0.3%	-6.4M	-25.7M	-2.4M	0.91	27.28	N/A	N/A	103,235	94,265	314,139	340,374
2025-08-21	$37.11	$40.00	72.5%	20.8%	60.2%	27.9%	74.8%	-1.0%	-0.2%	-3.8M	-108.4M	-2.4M	1.04	25.73	N/A	N/A	14,442	15,073	327,768	362,373
2025-08-22	$39.72	$40.00	69.6%	19.9%	65.9%	25.1%	71.2%	-0.9%	-0.1%	15.4M	-367.7M	-2.5M	0.65	26.58	N/A	N/A	45,541	29,465	331,743	367,112
2025-08-25	$38.64	$40.00	70.2%	19.7%	66.1%	25.7%	72.7%	2.3%	-0.4%	6.3M	-271.8M	-2.3M	0.46	24.51	N/A	N/A	19,510	8,985	286,888	330,758
2025-08-26	$40.59	$40.00	74.2%	21.1%	67.5%	29.4%	75.8%	-2.1%	-6.5%	8.3M	-428.1M	-2.4M	0.71	29.57	N/A	N/A	72,646	51,768	296,048	334,468
2025-08-27	$41.61	$40.00	76.7%	21.2%	67.5%	31.8%	75.8%	0.7%	1.3%	13.2M	-528.4M	-2.5M	0.76	27.37	N/A	N/A	87,485	66,679	318,367	350,156
2025-08-28	$43.20	$40.00	72.4%	20.7%	68.6%	27.8%	72.5%	-1.9%	-0.9%	16.2M	-632.8M	-2.6M	0.82	25.62	N/A	N/A	69,297	56,761	322,313	363,212
2025-08-29	$42.66	$40.00	71.3%	20.3%	66.3%	26.7%	72.0%	-0.4%	0.5%	11.8M	-560.5M	-2.6M	0.74	32.09	N/A	N/A	31,931	23,548	336,630	376,599