New Options Trading for Ionq Inc: Opportunities and Insights
Exploring Potential with August 2025 Options
Investors in Ionq Inc (Symbol: IONQ) witnessed the launch of new options trading today, specifically for contracts set to expire in August 2025. With 248 days remaining until expiration, these contracts may offer sellers—whether they deal in puts or calls—a chance to earn higher premiums compared to options with shorter timeframes.
At Stock Options Channel, our YieldBoost formula has identified notable contracts within the IONQ options chain, highlighting one put and one call contract of particular interest. The put contract with a $35.00 strike price currently has a bid of $11.55. When an investor sells this put contract, they agree to buy the stock at $35.00 while collecting the premium. This brings the overall cost basis for shares down to $23.45, prior to any broker commissions. For those looking to buy IONQ shares, this approach could be more appealing than the current market price of $35.21 per share.
Since the $35.00 strike price offers about a 1% discount relative to the stock price, it is slightly out-of-the-money. The analytical data indicates a 69% chance that the put contract could expire worthless. Stock Options Channel will monitor and publish updates on these odds on our website under the contract detail page. If the contract does expire worthless, the premium yields a 33.00% return on the cash commitment or a 48.58% annualized return, which Stock Options Channel labels the YieldBoost.
Below is a chart that showcases Ionq Inc’s trading history over the last twelve months, marking the position of the $35.00 strike in green.
Call Contracts: A Potential Route for Enhanced Returns
On the call side of the options spectrum, a contract at the $40.00 strike price currently bids at $10.30. If an investor buys shares of IONQ at the present price of $35.21 and chooses to sell this call contract as a covered call, they commit to sell the shares at $40.00. Including the premium collected, this could lead to a total return of 42.86% if the stock is called away at expiration (excluding dividends and before broker commissions). However, there is a risk of missing out on additional gains if IONQ’s shares rise significantly. Thus, examining the company’s trading history and underlying fundamentals is critical. Below, you will find a chart illustrating IONQ’s past twelve months of trading, with the $40.00 strike highlighted in red:
The $40.00 strike reflects about a 14% premium over the current stock price, placing it out-of-the-money by this percentage. There is also a chance the covered call could expire worthless, which would allow the investor to retain their shares and the premium collected. Current data shows a 36% likelihood of this occurring. As before, Stock Options Channel will continuously track these chances and publish updates on our website, which will also include a chart of the option’s trading history. If the covered call expires worthless, the premium could boost yields by an additional 29.25%, resulting in a 43.06% annualized return, also known as YieldBoost.
In terms of volatility, the implied volatility for the put contract stands at 116%, while that for the call contract is at 115%. Meanwhile, the actual trailing twelve-month volatility—based on the last 251 trading days and the current price of $35.21—is calculated at 87%. For further put and call options contract ideas worth exploring, please visit StockOptionsChannel.com.
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
