Whales with a lot of money to spend have taken a noticeably bullish stance on D-Wave Quantum.
Looking at options history for D-Wave Quantum (NYSE:QBTS) we detected 16 trades.
If we consider the specifics of each trade, it is accurate to state that 56% of the investors opened trades with bullish expectations and 43% with bearish.
From the overall spotted trades, 10 are puts, for a total amount of $679,615 and 6, calls, for a total amount of $248,889.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $6.5 to $20.0 for D-Wave Quantum over the last 3 months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for D-Wave Quantum's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across D-Wave Quantum's significant trades, within a strike price range of $6.5 to $20.0, over the past month.
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 | 03/28/25 | $3.1 | $3.0 | $3.0 | $10.50 | $300.0K | 2.2K | 112 |
| QBTS | PUT | TRADE | BEARISH | 07/18/25 | $2.3 | $2.2 | $2.27 | $8.00 | $90.8K | 1.2K | 117 |
| QBTS | CALL | SWEEP | BULLISH | 04/04/25 | $1.05 | $1.0 | $1.05 | $6.50 | $78.7K | 455 | 924 |
| QBTS | PUT | SWEEP | BULLISH | 03/28/25 | $1.6 | $1.5 | $1.5 | $9.00 | $75.0K | 5.9K | 82 |
| QBTS | CALL | SWEEP | BEARISH | 01/15/27 | $3.7 | $3.6 | $3.61 | $7.00 | $39.6K | 6.9K | 183 |
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.
Current Position of D-Wave Quantum
- Currently trading with a volume of 29,115,083, the QBTS's price is down by -8.56%, now at $7.37.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 45 days.
Expert Opinions on D-Wave Quantum
In the last month, 4 experts released ratings on this stock with an average target price of $9.62.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Consistent in their evaluation, an analyst from Roth MKM keeps a Buy rating on D-Wave Quantum with a target price of $10. * Maintaining their stance, an analyst from B. Riley Securities continues to hold a Buy rating for D-Wave Quantum, targeting a price of $12. * An analyst from Benchmark downgraded its action to Buy with a price target of $8. * Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $8.
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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