IonQ Stock Retreats After Quantum Computing Surge
IonQ shares fell 8.85% to $67.32 as options traders positioned for downside protection following a 93.8% three-month rally. The quantum computing specialist's put-call ratio spiked to 2.03, nearly triple its typical level, despite maintaining $1.6 billion in liquidity after a recent capital raise.
Federal Reserve policy shifts continue creating favorable conditions for speculative tech investments, though IonQ's 148.67x forward price-to-sales multiple suggests stretched valuations. Options markets now price in daily swings of $4.68 as volatility remains elevated above historical norms.