Mixed options sentiment in IONQ with shares down 2.98%

Mixed options sentiment in IONQ (IONQ), with shares down $1.23 near $40.00. Options volume more than double the daily average with 178k contracts traded and calls leading puts for a put/call ratio of 0.6, compared to a typical level near 0.6. Implied volatility (IV30) dropped 8.85 near 75.81,in the bottom quartile of the past year, suggesting an expected daily move of $1.91. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Neutral at DA Davidson.The company announced earnings after the close on 2025-08-06with option markets having priced in a move of approximately 13.33%.