Investors with a lot of money to spend have taken a bullish stance on IonQ IONQ.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with IONQ, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for IonQ.
This isn't normal.
The overall sentiment of these big-money traders is split between 70% bullish and 30%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $195,880, and 9, calls, for a total amount of $455,468.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $35.0 for IonQ over the recent three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for IonQ's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of IonQ's whale activity within a strike price range from $10.0 to $35.0 in the last 30 days.
IonQ Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IONQ | PUT | TRADE | BEARISH | 12/20/24 | $4.15 | $4.1 | $4.15 | $25.00 | $195.8K | 594 | 478 |
| IONQ | CALL | SWEEP | BULLISH | 12/20/24 | $1.6 | $1.41 | $1.6 | $30.00 | $113.4K | 3.8K | 455 |
| IONQ | CALL | SWEEP | BULLISH | 12/20/24 | $3.8 | $3.65 | $3.8 | $22.50 | $76.0K | 1.0K | 310 |
| IONQ | CALL | TRADE | BEARISH | 04/17/25 | $3.35 | $3.2 | $3.2 | $35.00 | $61.1K | 1.0K | 71 |
| IONQ | CALL | SWEEP | BULLISH | 11/15/24 | $3.85 | $3.7 | $3.7 | $19.50 | $46.2K | 462 | 126 |
About IonQ
IonQ Inc sells access to several quantum computers of various qubit capacities and is in the process of researching and developing technologies for quantum computers with increasing computational capabilities. The company currently makes access to its quantum computers available via cloud platforms and also to select customers via its own cloud service. This cloud-based approach enables the broad availability of quantum-computing-as-a-service (QCaaS). The company derives its revenue from its quantum-computing-as-a-service arrangements, consulting services related to co-developing algorithms on company's quantum computing systems, and contracts associated with the design, development, and construction of specialized quantum computing systems together with related services.
After a thorough review of the options trading surrounding IonQ, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of IonQ
- With a trading volume of 18,513,419, the price of IONQ is down by -1.96%, reaching $23.06.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 106 days from now.
Professional Analyst Ratings for IonQ
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $20.666666666666668.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Needham has decided to maintain their Buy rating on IonQ, which currently sits at a price target of $18. * Maintaining their stance, an analyst from Craig-Hallum continues to hold a Buy rating for IonQ, targeting a price of $22. * An analyst from Benchmark has decided to maintain their Buy rating on IonQ, which currently sits at a price target of $22.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for IonQ, Benzinga Pro gives you real-time options trades alerts.
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