IONQ · Wheel

IonQ, Inc. Common Stock (IONQ) wheel

The cash-secured put → assigned shares → covered call cycle for this ticker.

$41.34
Modelled strike
$33.00
Modelled premium
$0.48
Cash required
$3,300.00
Breakeven
$32.52
Downside buffer
21.3%
Period return
1.4%
Annualized return
20.5%
Days to expiration
28
Strategy payoffModelled cash-secured put payoff. Spot $41.34. Expiry maximum profit $48.00 · Expiry maximum loss -$3,252.00 · Expiry breakevens $32.52. Total position fees $0.00 deducted once. Intrinsic at the common expiration; IV/time never alters expiry P/L. No early exercise, assignment, slippage, dividends or taxes modeled.

Update time unavailable

Loading graph — the exact table is available below.

$20.67Expiration P/L -$1,185.00Update time unavailable
Event / reference markers
  • Spot: $41.34
  • Expiry breakeven $32.52: $32.52
  • sell put strike $33.00: $33.00
Exact data table

Strategy payoff · full stored dataset, independent of graph range/toggles

ObservationExpiration P/L (USD)ContextUpdated
-$1,185.00Update time unavailable
-$1,143.66Update time unavailable
-$1,102.32Update time unavailable
-$1,060.98Update time unavailable
-$1,019.64Update time unavailable
-$978.30Update time unavailable
-$936.96Update time unavailable
-$895.62Update time unavailable
-$854.28Update time unavailable
-$812.94Update time unavailable
-$771.60Update time unavailable
-$730.26Update time unavailable
-$688.92Update time unavailable
-$647.58Update time unavailable
-$606.24Update time unavailable
-$564.90Update time unavailable
-$523.56Update time unavailable
-$482.22Update time unavailable
-$440.88Update time unavailable
-$399.54Update time unavailable
-$358.20Update time unavailable
-$316.86Update time unavailable
-$275.52Update time unavailable
-$234.18Update time unavailable
-$192.84Update time unavailable
-$151.50Update time unavailable
-$110.16Update time unavailable
-$68.82Update time unavailable
-$27.48Update time unavailable
$0.00Update time unavailable
$13.86Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Spot referenceUpdate time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable
$48.00Update time unavailable

Black-Scholes from the published at-the-money implied volatility (one expected move out of the money). If assigned you buy 100 shares at the strike, an effective $32.52 per share after premium; the shares can keep falling.

Stage C would sell a $50.00 call for about $0.87, lowering the effective basis further.

Next steps

Data provenance

Figures are from published, reviewed research as of Oct 7, 2026, 4:00 PM EDT. Modelled option premiums use Black-Scholes with the published at-the-money implied volatility and are labelled as modelled, not as live quotes.