This Is What Whales Are Betting On IonQ – IonQ (NYSE:IONQ)

Investors with a lot of money to spend have taken a bullish stance IonQ IONQ.

And retailers should know.

We noticed this today when the trades appeared on publicly available options history that we track here at Benzinga.

Whether it’s institutions or just wealthy individuals, we don’t know. But when something this big happens with IONQ, it often means someone knows something is up.

So how do we know what these investors just did?

Today, Benzinga‘s options scanner detected 28 unusual options trades for IonQ.

This is not normal.

The overall sentiment among these big money traders is split between 50% bullish and 50% bearish.

Out of all the special options we revealed, 15 are puts for a total of $1,020,005 and 13 are calls for a total of $980,565.

Expected price movements

Based on the trading activity, it seems that the significant investors are aiming for a price range extending from $7.5 to $50.0 for IonQ over the past three months.

Insight into volume and open interest

Assessing volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in IonQ’s options at specified strike prices. The upcoming data visualizes swings in volume and open interest for both calls and puts, tied to IonQ’s significant trades, within a strike price spectrum from $7.5 to $50.0 over the previous 30 days.

IonQ option volume and open interest over the last 30 days

Important option trades discovered:

About IonQ

IonQ Inc sells access to several quantum computers with various qubit capacities and is 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 wide availability of quantum-computing-as-a-service (QCaaS). The Company derives its revenues from its quantum computing-as-a-service arrangements, consulting services related to the joint development of algorithms on the Company’s quantum computing systems, and contracts related to the design, development and construction of specialized quantum computing systems, along with related services.

IonQ’s current market position

• Currently trading with a volume of 19,916,233, IONQ’s price is down -11.37%, now at $29.22.
• RSI readings suggest that the stock may currently be approaching overbought.
• Expected earnings will be published in 77 days.

Unusual Opportunities Activity Discovered: Smart Money on the Move

Benzinga Edge’s Unusual Options board detects potential market moves before they happen. See what positions big money is taking on your favorite stocks. Click here for access.

Trading options involves greater risks, but also offers the opportunity for higher profits. Experienced traders mitigate these risks through ongoing education, strategic trade adjustments, use of various indicators and staying attuned to market dynamics. Stay up to date with the latest options for IonQ with Benzinga Pro for real-time alerts.