Investors with a lot of money to spend have taken a bearish 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 19 uncommon options trades for D-Wave Quantum.
This isn't normal.
The overall sentiment of these big-money traders is split between 42% bullish and 57%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $219,069, and 16 are calls, for a total amount of $4,179,760.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $2.0 to $20.0 for D-Wave Quantum during the past quarter.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $2.0 to $20.0 in the last 30 days.
D-Wave Quantum Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| QBTS | CALL | TRADE | BULLISH | 07/18/25 | $8.4 | $8.2 | $8.4 | $2.00 | $2.0M | 3.5K | 14 |
| QBTS | CALL | SWEEP | BEARISH | 07/18/25 | $6.8 | $6.4 | $6.4 | $4.00 | $640.0K | 1.4K | 1.0K |
| QBTS | CALL | TRADE | BEARISH | 04/17/25 | $1.9 | $1.65 | $1.7 | $20.00 | $424.8K | 3.2K | 2.5K |
| QBTS | CALL | TRADE | BEARISH | 01/16/26 | $6.5 | $6.2 | $6.3 | $7.00 | $315.0K | 1.8K | 512 |
| QBTS | CALL | TRADE | BULLISH | 01/17/25 | $1.4 | $1.3 | $1.4 | $9.00 | $140.0K | 3.8K | 1.1K |
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.
Having examined the options trading patterns of D-Wave Quantum, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
D-Wave Quantum's Current Market Status
- Trading volume stands at 56,461,674, with QBTS's price down by -7.84%, positioned at $9.41.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 79 days.
Expert Opinions on 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 Benchmark continues to hold a Buy rating for D-Wave Quantum, targeting a price of $8. * Consistent in their evaluation, an analyst from Roth MKM keeps a Buy rating on D-Wave Quantum with a target price of $7. * An analyst from Craig-Hallum persists with their Buy rating on D-Wave Quantum, maintaining a target price of $9.
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.
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