the quantum computing sector continues to be bullish with all the buzz of news of them getting contracts working with the defense ministry.
IONQ was trending rather flat for over a year in a range of $10 between $37 and $47. Which I have been actively selling covered call option against my underlying. Some of the shares were called away when they went into the money. Letting some of my holding get called away hoping to re-enter again when there's any pull back. However the $36 level held on pretty well instead the share price just rallied almost 100% in just under a month. Looks like getting back into IONQ May take a while more as wait for the share to settle down to a less hype up level.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Great article, would you like to share it?