D-Wave Quantum's Options: A Look at What the Big Money is Thinking

Investors with a lot of money to spend have taken a bullish stance on D-Wave Quantum QBTS.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with QBTS, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 20 uncommon options trades for D-Wave Quantum.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 40%, bearish.

Out of all of the special options we uncovered, 10 are puts, for a total amount of $617,302, and 10 are calls, for a total amount of $536,712.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $5.0 and $20.0 for D-Wave Quantum, spanning the last three months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for D-Wave Quantum's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of D-Wave Quantum's whale activity within a strike price range from $5.0 to $20.0 in the last 30 days.

D-Wave Quantum Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

About D-Wave Quantum

D-Wave Quantum Inc. is in the development and delivery of quantum computing systems, software, and services, and it is the commercial supplier of quantum computers and the only company building both annealing quantum computers and gate-model quantum computers. The Company's mission is to unlock the power of quantum computing today to benefit business and society. It delivers customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. Its annealing quantum computers are accessible through the Company's LeapTM cloud service.

Present Market Standing of D-Wave Quantum

• Trading volume stands at 51,166,671, with QBTS's price down by -4.62%, positioned at $9.45.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 87 days.

Professional Analyst Ratings for D-Wave Quantum

Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $8.0.

Turn $1000 into $1270 in just 20 days?

20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Maintaining their stance, an analyst from Craig-Hallum continues to hold a Buy rating for D-Wave Quantum, targeting a price of $9. * Maintaining their stance, an analyst from Benchmark continues to hold a Buy rating for D-Wave Quantum, targeting a price of $8. * An analyst from Roth MKM has decided to maintain their Buy rating on D-Wave Quantum, which currently sits at a price target of $7.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for D-Wave Quantum with Benzinga Pro for real-time alerts.