IONQ Options History — November 2025

In November 2025, IONQ traded between $40.98 and $58.53. ATM implied volatility averaged 98.9%, placing in the 41.2% IV rank vs the trailing year. The 30-day expected move averaged 29.0%. IV traded above realized volatility by 4.2% (HV 20d: 94.7%). Max pain ranged from $50.00 to $60.00. Net GEX was positive for 5 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 1.01.

Notable Days

2025-11-07: Highest Volume — 143,543 contracts
2025-11-06: Largest IV drop — 11.1% change
2025-11-05: Highest IV Rank — 55.1%
2025-11-04: Largest Expected Move — 33.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$50.14	$40.98	$58.53	$58.53	$48.89
Max Pain	$51.58	$50.00	$60.00	$60.00	$50.00
ATM IV	98.9%	88.8%	110.7%	106.3%	88.8%
Expected Move	29.0%	26.1%	33.6%	33.3%	26.1%
HV 20d	94.7%	84.3%	105.3%	102.2%	100.6%
HV 60d	94.7%	90.2%	101.1%	90.2%	100.5%
IV Rank	41.2%	29.4%	55.1%	49.9%	29.4%
IV Percentile	37.2%	21.8%	53.2%	46.4%	21.8%
Term Structure	-0.2%	-9.1%	7.3%	-2.0%	3.1%
VWIV	103.8%	92.5%	121.1%	119.3%	92.5%
Skew 25d	-2.8%	-13.7%	14.8%	-5.7%	-0.2%
Skew 10d	-3.6%	-22.7%	29.6%	-14.4%	-0.8%
Call IV 25d	101.9%	86.0%	118.5%	110.6%	87.4%
Put IV 25d	99.0%	87.2%	109.0%	104.9%	87.2%
Bid-Ask Spread %	38.33	28.82	45.02	36.76	44.29
Gamma HHI	0.04	0.03	0.07	0.04	0.07
Net GEX	-1.0M	-6.2M	4.6M	451.2K	4.6M
Net DEX	-220.0M	-515.9M	152.0M	-515.7M	-339.1M
Net VEX	-3.2M	-3.6M	-2.7M	-3.6M	-3.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.01	0.48	2.02	0.52	0.51
Total Volume	73,704.368	37,158	143,543	63,234	43,744
Total OI	671,870.316	564,889	753,966	627,596	624,548

Daily Data (19 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
2025-11-03	$58.53	$60.00	106.3%	33.3%	102.2%	49.9%	119.3%	-5.7%	-2.0%	451.2K	-515.7M	-3.6M	0.52	36.76	N/A	N/A	41,721	21,513	268,951	358,645
2025-11-04	$53.27	$60.00	107.5%	33.6%	105.3%	51.3%	121.1%	-13.7%	1.9%	-1.8M	-296.4M	-3.4M	0.65	43.49	N/A	N/A	37,970	24,746	280,013	369,296
2025-11-05	$55.63	$60.00	110.7%	33.0%	105.2%	55.1%	120.1%	-9.2%	4.5%	-1.1M	-381.2M	-3.5M	0.99	36.29	N/A	N/A	39,659	39,402	294,799	374,348
2025-11-06	$57.10	$50.00	98.4%	28.3%	104.0%	40.7%	101.6%	-5.2%	2.2%	-735.1K	-457.1M	-3.5M	1.75	41.79	N/A	N/A	39,680	69,241	313,156	390,102
2025-11-07	$58.31	$50.00	97.1%	28.9%	102.5%	39.1%	101.6%	1.1%	-0.9%	1.9M	-515.9M	-3.6M	1.08	45.02	N/A	N/A	68,911	74,632	318,654	424,412
2025-11-10	$55.48	$50.00	96.1%	27.9%	85.5%	38.0%	100.6%	-11.7%	2.2%	-326.8K	-400.2M	-3.4M	0.68	39.08	N/A	N/A	37,656	25,767	287,676	377,786
2025-11-11	$54.22	$50.00	95.7%	27.6%	84.3%	37.5%	98.1%	-11.2%	1.5%	-1.4M	-327.0M	-3.3M	0.85	42.78	N/A	N/A	30,340	25,785	298,532	389,252
2025-11-12	$50.22	$50.00	94.2%	27.0%	85.0%	35.8%	98.6%	-6.0%	1.6%	-4.0M	-146.9M	-3.2M	0.74	41.92	N/A	N/A	34,231	25,267	305,882	401,075
2025-11-13	$45.50	$50.00	97.7%	27.9%	85.3%	39.8%	99.6%	-0.9%	0.5%	-6.2M	66.2M	-3.0M	1.43	41.48	N/A	N/A	56,357	80,406	312,869	407,066
2025-11-14	$47.27	$50.00	95.5%	27.3%	86.6%	37.2%	98.8%	-0.8%	-0.9%	-2.7M	-40.8M	-3.0M	0.93	34.98	N/A	N/A	50,145	46,760	324,716	429,250
2025-11-17	$47.28	$50.00	102.9%	29.4%	84.9%	46.0%	106.9%	-3.6%	-5.1%	-1.6M	-106.6M	-3.0M	0.78	37.27	N/A	N/A	28,972	22,499	285,135	375,620
2025-11-18	$49.33	$50.00	99.7%	28.5%	87.0%	42.2%	102.0%	-1.8%	-1.6%	-691.1K	-201.3M	-3.1M	1.18	33.48	N/A	N/A	21,441	25,320	293,115	381,594
2025-11-19	$47.89	$50.00	98.9%	28.3%	84.5%	41.2%	100.9%	-1.9%	-5.5%	-1.4M	-132.1M	-3.1M	0.83	40.54	N/A	N/A	20,354	16,804	300,421	389,893
2025-11-20	$40.98	$50.00	109.5%	31.6%	94.9%	53.7%	112.7%	-1.8%	-9.1%	-3.9M	152.0M	-2.7M	2.02	41.07	N/A	N/A	37,364	75,588	304,508	392,993
2025-11-21	$41.44	$50.00	102.5%	29.8%	94.6%	45.4%	105.7%	2.4%	-3.6%	-3.7M	138.6M	-2.7M	1.42	29.35	N/A	N/A	40,018	56,989	314,438	406,857
2025-11-24	$46.63	$50.00	95.4%	27.9%	104.6%	37.1%	100.4%	14.8%	1.1%	-402.9K	-179.8M	-3.0M	0.48	28.82	N/A	N/A	41,896	20,097	246,466	318,423
2025-11-25	$47.34	$50.00	91.5%	27.4%	102.0%	32.6%	97.8%	1.4%	7.3%	1.4M	-244.5M	-3.1M	1.43	39.61	N/A	N/A	16,368	23,351	267,342	328,989
2025-11-26	$47.43	$50.00	89.9%	27.0%	99.5%	30.7%	94.7%	0.5%	-1.5%	2.1M	-251.5M	-3.0M	0.92	30.22	N/A	N/A	20,506	18,883	270,859	337,855
2025-11-28	$48.89	$50.00	88.8%	26.1%	100.6%	29.4%	92.5%	-0.2%	3.1%	4.6M	-339.1M	-3.0M	0.51	44.29	N/A	N/A	28,892	14,852	279,970	344,578