Investors with lots of money to spend have taken an optimistic stance IonQ IONQ.

And retailers should know.

That’s what we noticed today when the trades started showing up in the publicly available options history we track here at Benzinga.

We don’t know whether these are institutions or just wealthy individuals. But when something this big happens with IONQ, it often means someone knows something is going to happen.

So how do we know what these investors just did?

Today, Benzinga’s options scanner discovered 28 unusual options trades for IonQ.

That’s not normal.

The overall sentiment of these major traders is 50% bullish and 50% bearish.

Of all the special options we uncovered, 15 are puts totaling $1,020,005 and 13 are calls totaling $980,565.

Expected price movements

Based on trading activity, it appears that significant investors are targeting a price range of $7.5 to $50.0 for IonQ over the past three months.

Insights into volume and open interest

Assessing volume and open interest is a strategic step in options trading. These metrics provide information about liquidity and investor interest in IonQ’s options at specific strike prices. The upcoming data illustrates the fluctuations in volume and open interest for calls and puts associated with IonQ’s extensive trades within a strike price range of $7.5 to $50.0 over the previous 30 days.

IonQ options volume and open interest in the last 30 days

Significant options trades discovered:

About IonQ

IonQ Inc sells access to multiple quantum computers with different qubit capacities and is in the process of researching and developing technologies for quantum computers with increasing computing power. The company currently provides access to its quantum computers via cloud platforms and also to selected customers via its own cloud service. This cloud-based approach enables the widespread availability of quantum computing-as-a-service (QCaaS). The Company derives its revenue from its quantum computing-as-a-service agreements, consulting services related to the co-development of algorithms on the Company’s quantum computing systems, and contracts related to the design, development and construction of specialized quantum computing systems together with related services.

Current market position of IonQ

• The price of IONQ is currently down -11.37% with a trading volume of 19,916,233 and is now at $29.22.
• The RSI readings suggest that the stock may currently be overbought.
• The expected earnings release is in 77 days.

Unusual options activity detected: Smart money on the move

Benzinga Edge’s Unusual Options Board identifies potential market drivers before they happen. See what positions the big money is taking on your favorite stocks. Click here for access.

Trading options involve greater risks, but also offer the potential for higher profits. Experienced traders mitigate these risks by continually educating themselves, making strategic trading adjustments, using various indicators, and keeping an eye on market dynamics. Stay on top of the latest IonQ options trades with Benzinga Pro for real-time alerts.