IONQ
IONQ · Sep 21, 2026
$40.51
Shares
No view
No fair value for IONQ today: only 1 of 4 models has usable inputs, and one model is a guess. A trailing loss of $1.4B leaves no earnings to multiply. Free cash flow of minus $484M leaves nothing for the cash-flow model or the DCF. Those are its own reported figures, not a gap in our data.
How we value it ›Prices as of 11:50 PM ET, Sep 21. Check the live quote before you send an order.
The put
Skip
Skip the put. It pays a lot because IONQ can drop a lot. Wait, or buy shares.
If it goes against you: you buy 100 shares at $39, which after the $272 you keep works out to $36.28 a share. Below $36.28 you are down on the trade. From that day the shares take above is the one that applies.
The order, if you sell it anyway
You get$272 (limit about $2.72)
If it fallsBuy 100 shares at $39
Cash to hold$3,900
Close earlyBuy back at about $1.36 ($136)
Chance you buy the sharesabout 39 in 100
ContractIONQ Oct 30 $39 put
ActionSell to open
In your broker app: open the stock → Trade → Options → Sell to open → pick the contract shown here.
Why skip
The put: Oct 30, $39 strike, 39 days out. Pays $272. Roughly a 39-in-100 chance you end up buying the shares.
On paper: 65% a year. That number assumes IONQ keeps moving like it did the past two years. Take that away and it is -51% a year. That is why we say skip.
Next earnings Nov 4, after this put ends. We never sell a put across a report.
If you already own 100 shares
Income call
For income on IONQ you already hold: sell the Oct 30 $55 call and take $49 now. If IONQ climbs to $55 by Oct 30, your 100 shares are sold at $55, so only do it if you're happy selling there.
If it climbs past $55 your 100 shares are sold at $55 and you keep the $49. That is the trade working, not a loss.
The call order
ActionSell to open
ContractIONQ Oct 30 $55 call
You get$49 (limit about $0.49)
If it climbsYour 100 shares sell at $55
Chance your shares are soldabout 12 in 100
After removing the trend-100% a year
First take on IONQ. Result Oct 30. See the record
Everyone sees the same card. It is not advice for you personally. You can lose more than you collect.
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