Breaking BEFORE the news play: IONQ CEO sells ENTIRE stock position from founding stock for 100mil.
2597500 shares to be sold on June 11, 2025 (approx date of sale) for $103,224,650.
sec.gov/Archives/edgar/data/1480011/000195004725004170/xsl144X01/primary_doc.xml
This is a pre-news coverage play in a hyped sector.
Following trading rules
1. NEWS - its not hit the main nets yet, which is wierd considering they covered his sale earlier last week for MUCH less.
2. Quantum sector is big in play currently
3. Stock has technical pattern double top into resistance; it is a cup and handle, which is typically bullish
4. C-suite exec is selling abnormal.amount of stock
5. Too much hype around stock going up, so contrarian play.
Contrarian plays for me tend to be low % hits, but with high returns. Small amount being used for this play, looking for 300% return on it by end of next week, if not then I will be out of the position.
Position X $31 Put 07/25exp; in at 1.45/put
2597500 shares to be sold on June 11, 2025 (approx date of sale) for $103,224,650.
sec.gov/Archives/edgar/data/1480011/000195004725004170/xsl144X01/primary_doc.xml
This is a pre-news coverage play in a hyped sector.
Following trading rules
1. NEWS - its not hit the main nets yet, which is wierd considering they covered his sale earlier last week for MUCH less.
2. Quantum sector is big in play currently
3. Stock has technical pattern double top into resistance; it is a cup and handle, which is typically bullish
4. C-suite exec is selling abnormal.amount of stock
5. Too much hype around stock going up, so contrarian play.
Contrarian plays for me tend to be low % hits, but with high returns. Small amount being used for this play, looking for 300% return on it by end of next week, if not then I will be out of the position.
Position X $31 Put 07/25exp; in at 1.45/put
Note
"Following this transaction, de Masi holds 711,987 shares directly. Additionally, he has indirect ownership of 2,597,500 shares through Isalea Investments LP, where he holds voting and investment discretion." From a quick google search. It looks like he sold his Investment Fund's ENTIRE Position in his own stock. (so wasnt technically HIS shares, but kinda still is). TLDR: IONQ CEO divests from his own company.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.