Today’s IONQ options activity shows a large bet with 2,963 contracts bought on the $60 strike put expiring October 17, 2025. The spot price of IONQ at the time of the trade was $67.59, meaning the puts are slightly out-of-the-money. The trade was executed as a sweep order, suggesting urgency to get filled across multiple exchanges.
The contracts traded at a premium of $3.61 per contract, resulting in a total outlay of roughly $1.1 million. At the time of the trade, volume for the day reached 3,210 contracts. This is significantly higher than the existing open interest of 1,712 contracts, giving a V/OI ratio of about 1.87. This indicates that much of the flow represents new positioning rather than closing trades. With nearly three weeks left until expiration, the large premium and aggressive order type suggest strong conviction in IONQ options.
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The IONQ options $60 puts expiring 10/17/2025 have seen a dramatic surge in trading activity. Volume exploded to 10,644 contracts on 9/26/25, far exceeding the existing open interest of just 1,712 contracts. This creates a V/OI ratio of over 6, signaling that the bulk of this flow is new positioning rather than closing trades.
Over the prior two sessions, volume was elevated but moderate (1,368 on 9/24 and 1,443 on 9/25), with open interest steadily climbing. This signals a gradual buildup before the major spike. Option prices have also firmed, closing at $3.34 with implied volatility above 102%. Overall, the data highlights aggressive sentiment and fresh positioning in IONQ options for short-dated puts.
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The trade side distribution for IONQ options $60 puts expiring 10/17/2025 shows that the majority of activity occurred above the ask. Out of the total flow, $1.1 million (54%) was executed above the ask, while another $607.8K (30%) traded directly at the ask.
In contrast, only $322.1K (16%) traded at the bid, and there was no volume at the mid or below levels. This breakdown underscores that most of the order flow came from buyers willing to pay up for contracts. This reinforces the view that institutional participants were urgently positioning for downside in IONQ.
More Notable Options Trades Observed
The order flow for IONQ options also highlighted a notable trade with a sweep purchase of 2,026 contracts on the $65 strike put expiring October 17, 2025. With the stock trading at $68.55 at the time of the trade, these puts are slightly out-of-the-money. The contracts were bought at $5.25 each, totaling a premium outlay of roughly $1.1 million, signaling significant conviction.
The day’s volume of 2,104 contracts is nearly in line with the existing open interest of 2,356. This produces a V/OI ratio of ~0.89. This suggests that a large portion of the activity could be new positioning but also includes some rolling or closing trades. The sweep designation implies urgency, as the order was split across multiple exchanges to secure fills quickly.
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IonQ has made significant strides in quantum computing and networking throughout 2025, driven by key technological breakthroughs, major acquisitions, and strong growth in investor confidence. The company recently achieved an algorithmic qubit (AQ) score of 64 on its Tempo system. This marks a record that vastly expands its computational power and outpaces competitors such as IBM.
This advance paves the way for more practical, real-world applications of quantum computing across fields like energy management, pharmaceuticals, and logistics. IonQ has bolstered its roadmap by acquiring Oxford Ionics, enhancing its hardware capabilities and expanding its footprint in Europe and Asia. Additional acquisitions, such as Lightsynq and Capella Space, are fueling its ambitions in quantum networking and satellite communications.
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IonQ, Inc. is a leading quantum computing company focused on developing and commercializing quantum computers. These computers are capable of solving complex problems that are beyond the reach of classical computing. Founded in 2015 as a spin-out from the University of Maryland and Duke University, IonQ uses a trapped-ion approach to build highly scalable and stable quantum systems.
The company provides quantum computing access through major cloud platforms such as Amazon Web Services, Microsoft Azure, and Google Cloud. This allows enterprises, researchers, and developers to experiment with and deploy quantum applications. IonQ’s technology is aimed at advancing fields like artificial intelligence, materials science, cryptography, and optimization, positioning itself at the forefront of the quantum computing revolution.
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Disclaimer: Options trading involves significant risk and is not suitable for all investors. You may lose the entire investment, and certain strategies may result in losses exceeding the initial amount invested. Past performance does not guarantee future results. This content is for informational purposes only and should not be considered investment advice. Always consult a financial or tax advisor before making investment decisions.
