IONQ Options Chain Analysis

As of previous close (2026-10-02) · OPRA historical data

Spot $44.02 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.80

313k P / 393k C

Put/Call (Volume)

0.45

21k P / 47k C that session

30d ATM IV

63%

annualized implied move

Call wall

$50

53k contracts

Put wall

$40

48k contracts

Tail hedging

0.9×

deep-OTM puts vs calls

What the positioning says

●Call wall at $50 (53k contracts), 14% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $40 (48k contracts), 9% below spot — the hedge floor; often acts as support.
●30-day ATM implied volatility is 63% — the market prices very large moves; option premium is expensive.

Open interest by strike

All expiries combined. Amber lines mark the call and put walls; the dashed line is spot.

IV term structure

At-the-money implied volatility per expiry.

Volatility smile

IV by strike — expiry 2026-10-30. A steep left side = expensive downside protection.

30-day implied volatility history

Daily ATM IV (~30 DTE bucket) collected since March 2026. Rising IV into an event = the market bracing; collapsing IV after = the crush.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-09	16k	10k	0.60	16k
2026-10-16	66k	74k	1.13	9k
2026-10-23	7k	4k	0.58	2k
2026-10-30	6k	5k	0.83	5k
2026-11-06	2k	777	0.38	1k
2026-11-13	76	43	0.57	112
2026-11-20	52k	25k	0.47	2k
2026-12-18	41k	35k	0.86	1k
2027-01-15	80k	87k	1.09	3k
2027-03-19	21k	8k	0.38	1k
2027-04-16	1k	857	0.69	94
2027-06-17	17k	26k	1.51	246
2028-01-21	41k	17k	0.41	629
2029-01-19	3k	1k	0.46	169

Source: Cboe end-of-session option chains, summarized after each US market close and published from the following trading day — OPRA historical data. Under the OPRA plan options data becomes historical, and freely publishable, at the opening of the next trading session; data from the session in progress is never displayed or served here. Open interest is exchange-reported once a day. Research, not investment advice.