Mixed options sentiment in IONQ (IONQ), with shares down 74c near $41.27. Options volume roughly in line with average with 62k contracts traded and puts leading calls for a put/call ratio of 1.42, compared to a typical level near 0.57. Implied volatility (IV30) dropped 1.4 near 87.79,and below the 52wk median, suggesting an expected daily move of $2.28. Put-call skew steepened, indicating increased demand for downside protection.The company will report earnings after the close today. Option markets are pricing in a 50% probability of a move greater than 12.97% or $5.35.
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