IONQ Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure

Analyze the complete IONQ options chain including strike-level open interest, real-time implied volatility (IV), max pain levels, gamma exposure, dealer positioning, and options flow trends. This dashboard provides data-driven insights for traders building directional or hedging strategies around IONQ.

Latest Data: 2026-07-20 (EDT)

Max Pain Price

Exp: 2026-07-24

Gamma Flip

43.83

Gamma Flip (≈60 days)

Put/Call OI Ratio

43.846

Shows put vs call positioning

IV Skew

-5.79

Put–call IV difference

Max Pain Price Volatility

σ = 10.28

medium volatility

Confidence 100%

Near-Term Options-Derived Market Structure

BULLISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options market shows a strong bullish alignment. Multiple key factors point firmly to the upside, supported by dealer flows and positioning. Options Chian

Looking only at the put-side activity, there is a bearish directional push. This suggests some traders are actively betting on downside. Confidence: 60%

Current DPI is -0.48(neutral). ⏳ Neutral distribution, DPI neutral, but makers are actively shedding positions.

Options Terrain Outlook (3-Month)

Options structure allows for directional movement, but with elevated volatility and less predictable follow-through. Volatility conditions remain relatively smooth. Options constraints exert a moderate influence on price behavior. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-09-18 options expiry. 100% confidence

The support levels for IONQ are at 33.32, 31.93, and 23.15, while the resistance levels are at 35.16, 36.55, and 45.33. The pivot point, a key reference price for traders, is at 40.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 4)

Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 4.29% 1-day move.

The expected range for the next 4 days is 32.45 — 37.32 , corresponding to +8.99% / -5.22% .

Estimated using ATM implied volatility, OTM option flow, and dealer hedging conditions to capture the market-implied price range.

Bullish flow suggests upside interest toward 39.01 (13.94% above spot).

Bearish positioning points to downside pressure toward 31.71 (7.40% below spot).

Options flow strength: 0.73 (0–1 scale). ATM Strike: 34.00, Call: 1.59, Put: 1.34, Straddle Cost: 2.93.

Price moves may extend once a direction forms. The short-term gamma flip is near 35.52 , with intermediate positioning around 43.83 . The mid-term gamma flip remains near 44.39.