Whale Activity Around Applied Mat: What Investors Are Doing
Jan 17, 2025
Understanding IonQ's Recent Options Activity
Recent activities surrounding IonQ, a leader in quantum computing, indicate a bullish sentiment among large investors, commonly referred to as "whales." These entities have shown particular interest in IonQ's options, reflecting their expectations for the company's future performance.
In examining the options trading history for IonQ (NYSE: IONQ), analysts reported a total of 20 trades over a specified period. Out of these trades, it has been observed that 45% were initiated with a bullish outlook, while 35% showed a bearish sentiment. This dynamic suggests a mix of confidence and caution among investors regarding the stock's performance.
The financial details from these trades reveal that out of the total transactions, 3 were for puts, accumulating to $173,554, while a significant 17 trades were for calls, totaling approximately $958,866. This disparity indicates a stronger preference for calls, which typically signify expectations of price increases.
Analyzing Expected Price Movements
A closer look at the options volume and open interest provides important insights into the potential price movements of IonQ's stock. Over the last quarter, significant players seem to be targeting a price range between $20.00 and $55.00 for IonQ's shares.
Volume & Open Interest Analysis
Assessing the volume and open interest of IonQ's options can offer key indications of market interest and liquidity. The following overview highlights the trends in volume and open interest for both call and put options within the notable strike price range of $20.00 to $55.00.
Recent Options Trends
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IONQ | CALL | SWEEP | BULLISH | 01/17/25 | $4.40 | $4.15 | $4.40 | $50.00 | $219.90K | 5,300 | 969 |
| IONQ | CALL | TRADE | BULLISH | 01/16/26 | $25.30 | $24.15 | $24.95 | $20.00 | $174.60K | 1,700 | 86 |
| IONQ | PUT | SWEEP | BEARISH | 01/17/25 | $5.50 | $5.45 | $5.50 | $40.00 | $86.30K | 1,400 | 45 |
| IONQ | CALL | TRADE | BULLISH | 07/18/25 | $15.65 | $14.20 | $15.10 | $40.00 | $75.50K | 658 | 60 |
| IONQ | CALL | TRADE | BULLISH | 04/17/25 | $21.25 | $20.75 | $21.25 | $20.00 | $63.70K | 1,400 | 34 |
About IonQ
IonQ Inc is a pioneering company in the field of quantum computing. It provides access to quantum computers with various qubit capacities and is actively involved in the research and development of advanced quantum computing technologies. Currently, IonQ offers its quantum computing capabilities through cloud platforms, enabling users around the world to access quantum-computing-as-a-service (QCaaS). The company earns revenue through these service agreements, consulting for algorithm development, and contracts for building specialized quantum systems.
IonQ's Current Market Position
- Trading volume recently hit 11,159,470, and IonQ's share price has increased by 4.85%, reaching $39.32.
- Relative strength index (RSI) metrics suggest that the stock might be nearing overbought territory.
- An earnings announcement is anticipated within the next 69 days.
Analysts' Insights on IonQ
In the past month, one professional analyst provided a review of IonQ stock, setting an average price target of $50.00. Recently, an analyst from DA Davidson adjusted their rating to "Buy," also modifying the price target to $50.
Considering the opportunities in options trading?
Engaging in options trading involves inherent risks and potential rewards. Experienced traders often manage these risks through continuous education, strategy adaptations, and thorough market activity monitoring. Stay informed about the latest options trades related to IonQ for real-time updates.
options, trading, IonQ