IONQ Inc. saw its shares surge 12.58% on Friday during the intraday trading session, propelled by a wave of bullish options activity.
According to data, there was significantly elevated call options volume for IONQ stock, with over 31,600 calls traded - around 1.4 times the expected level. Additionally, the implied volatility for IONQ options spiked over 11 points to 127.28%, indicating heightened demand for upside calls.
The heavy bullish trading in IONQ options suggests traders were betting on further gains for the stock in the near term. This institutional flow of buying pressure likely fueled the sharp rally in IONQ shares seen on Friday.
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