IONQ spent months stuck in a $36–$46 range, with $46 acting as a stubborn ceiling for almost a year. That changed fast: first came news of a U.S. Air Force Research project, then the Fed’s rate cut — both catalysts sent the stock soaring nearly 60% in a week, closing just above $70.
Because I had a covered call in place, my shares have now been called away. While the rally means I didn’t capture the full upside, the assignment still locks in a solid profit on the position.
Could it have been more? Sure. But a realized win is still a win — and these are the kind of outcomes I’m happy to bank as part of the strategy ✅.
Since December last year IONQ’s share price was largely flat, I’ve been steadily collecting premiums from selling covered calls. The results have stacked up into a pretty decent stream of profits — showing how options income can pay off even when the stock itself goes nowhere.
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- Oman52·09-24TOPYea I mean, you lost out on profit but that was always the downside of your strategy right? so idk I wouldn't be too upset at least you made money on it and in another universe IONQ crashed and you got out with minimal losses.1Report
- Norton Rebecca·09-23Covered calls on IONQ paid off! Locked profit even if shares got called,smart play!1Report
- vibzee·09-22Great approach with that covered call strategy1Report
- Reg Ford·09-23Long-Term IONQ Bull (Eyeing Reentry)LikeReport