Deep-pocketed investors have adopted a bullish approach towards D-Wave Quantum QBTS, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in QBTS usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for D-Wave Quantum. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 70% leaning bullish and 10% bearish. Among these notable options, 3 are puts, totaling $195,600, and 7 are calls, amounting to $367,910.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $5.0 to $21.0 for D-Wave Quantum over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for D-Wave Quantum options trades today is 2300.75 with a total volume of 3,921.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for D-Wave Quantum's big money trades within a strike price range of $5.0 to $21.0 over the last 30 days.
D-Wave Quantum Option Volume And Open Interest Over 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 | PUT | SWEEP | BULLISH | 04/25/25 | $1.45 | $1.4 | $1.41 | $8.50 | $142.0K | 1.5K | 1.0K |
| QBTS | CALL | SWEEP | NEUTRAL | 04/11/25 | $1.75 | $1.65 | $1.65 | $6.00 | $99.0K | 1.0K | 1.2K |
| QBTS | CALL | SWEEP | BULLISH | 04/11/25 | $1.5 | $1.45 | $1.52 | $6.00 | $76.0K | 1.0K | 500 |
| QBTS | CALL | TRADE | BULLISH | 01/15/27 | $4.4 | $4.0 | $4.26 | $5.00 | $42.6K | 4.4K | 103 |
| QBTS | CALL | SWEEP | BULLISH | 04/04/25 | $2.1 | $2.0 | $2.09 | $5.50 | $41.8K | 210 | 226 |
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. 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.
In light of the recent options history for D-Wave Quantum, it's now appropriate to focus on the company itself. We aim to explore its current performance.
D-Wave Quantum's Current Market Status
- Trading volume stands at 14,500,792, with QBTS's price down by -1.15%, positioned at $7.33.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 40 days.
Professional Analyst Ratings for D-Wave Quantum
In the last month, 5 experts released ratings on this stock with an average target price of $9.4.
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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. * In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $8. * An analyst from B. Riley Securities persists with their Buy rating on D-Wave Quantum, maintaining a target price of $12. * An analyst from Roth MKM has decided to maintain their Buy rating on D-Wave Quantum, which currently sits at a price target of $10. * An analyst from Benchmark has revised its rating downward to Buy, adjusting the price target to $8. * An analyst from Needham downgraded its action to Buy with a price target of $8.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for D-Wave Quantum, Benzinga Pro gives you real-time options trades alerts.
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