QBTS - Options Database

QBTS

D-WAVE QUANTUM INC

$18.03 +8.75%

(9/8 09:35) ◀

Tuesday, September 8, 2026 (9:40am)

▶ (9/8 09:45)

◀ 9/8 09:40 ▶

Option Volume

Detail

ℹ

Current (09/08 9:40am) 16,371

Calls: 15,087 (92%)

Puts: 1,284 (8%)

Prior (08/06) 9,399

Calls: 7,058 (75%)

Puts: 2,341 (25%)

Current vs Prior +74.18%

Calls: +113.76% (Calls)

Puts: -45.15% (Puts)

Prior 7-Day Total 319,800

Calls: 238,409 (75%)

Puts: 81,391 (25%)

Prior 7-Day Average 45,685

Calls: 34,058 (75%)

Puts: 11,627 (25%)

Current vs Prior 7-Day Avg -64.17%

Calls: -55.70%

Puts: -88.96%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/08 9:40am) $1.35M

Calls: $1.22M (90%)

Puts: $131.3K (10%)

Prior (08/06) $717.6K

Calls: $497.7K (69%)

Puts: $219.8K (31%)

Current vs Prior +88.55%

Calls: +145.45%

Puts: -40.29%

Prior 7-Day Total $38.84M

Calls: $27.47M (71%)

Puts: $11.36M (29%)

Prior 7-Day Average $5.55M

Calls: $3.92M (71%)

Puts: $1.62M (29%)

Current vs Prior 7-Day Avg -75.62%

Calls: -68.87%

Puts: -91.91%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/08 9:40am) 0.09

Prior (08/06) 0.33

Current vs Prior -74.34%

Prior 7-Day Average 0.34

Current vs Prior 7-Day Avg -75.19%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/08 9:40am) 622,227

Calls: 361,145 (58%)

Puts: 261,082 (42%)

Prior (08/06) 571,465

Calls: 324,776 (57%)

Puts: 246,689 (43%)

Current vs Prior +8.88%

Prior 7-Day Total 3,923,588

Calls: 2,230,463 (57%)

Puts: 1,693,125 (43%)

Prior 7-Day Average 560,512

Calls: 318,637 (57%)

Puts: 241,875 (43%)

Current vs Prior 7-Day Avg +11.01%

Sentiment BEARISH

Expected Move

Detail

ℹ

WKMO Expiry (09/11) | Next (09/18)Expiry (09/18) | Next (10/16)

Current 9.32% | 13.53%13.53% | 20.19%

Prior 6.80% | 11.08%16.62% | 22.73%

Current vs Prior +37.10% | +22.15%-18.57% | -11.18%

Prior 7-Day Avg 9.55% | 14.51%15.44% | 24.83%

Current vs 7-Day Avg -2.39% | -6.74%-12.36% | -18.71%

Prior 7-Day Eod 6.80% | 11.08%10.68% | 19.60%

Current vs 7-Day Eod +37.10% | +22.15%+26.77% | +2.99%

Sentiment BEARISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 9.21% | 18.28%

Calls: 6.85% | 10.28%

Puts: 11.58% | 26.28%

Prior 8.07% | 12.60%

Calls: 6.67% | 14.29%

Puts: 9.46% | 10.91%

Current vs Prior +14.13% | +45.08%

Prior 7-Day Avg 9.31% | 14.85%

Calls: 7.90% | 10.47%

Puts: 10.71% | 19.22%

Current vs 7-Day Avg -1.06% | +23.13%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 90% of dollar volume in calls ($1.22M) vs puts ($131.3K). Elevated premium activity with dollar volume up 89% vs prior. Above-average activity with volume up 74% vs prior. Extreme bullish P/C ratio of 0.09 - heavy call buying (15,087 calls vs 1,284 puts).

Smart Money BULLISH

Retail Flow BULLISH

Overall BULLISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BULLISH

Prior BULLISH

7-Day Avg BULLISH

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

Sentiment Timeline (Today)

Time	Smart Money	Retail	Overall
09:40	BULLISH	BULLISH	BULLISH
09:35	BULLISH	BULLISH	BULLISH

📈 Options Analysis

🎯 Tightest Spreads

💰 Best Value Under $1

📊 High Delta (ITM)

🔥 High Volume

⏰ Backwardation

📈 Debit Spreads

📉 Credit Spreads

📅 Calendar Spreads

⚡ Straddles

🔀 Strangles

🦅 Iron Condors

🦋 Butterflies

⚖️ Ratio Spreads

🛡️ Covered Calls

🎯

Tightest Spreads

💰

Best Value <$1

📊

High Delta

⚖️

Ratio Spreads

🛡️

Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 15 of results (avg 7.5%, best 5.1%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$20.00	Oct 16	1.14	1.20	$1.17	5.1%	334	0.40	11.9K
$19.00	Sep 11	0.34	0.36	$0.35	5.7%	774	0.33	945
$17.00	Sep 11	1.26	1.34	$1.30	6.2%	211	0.76	1.2K
$18.00	Sep 11	0.70	0.75	$0.73	6.8%	1.1K	0.53	974
$20.50	Sep 11	0.12	0.13	$0.13	7.7%	72	0.14	71

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$20.00	Oct 16	2.92	3.10	$3.01	6.0%	13	0.60	17.5K
$20.00	Sep 11	2.07	2.21	$2.14	6.5%	10	0.82	154
$21.00	Oct 16	3.60	3.85	$3.73	6.7%	--	0.67	903
$19.50	Sep 18	1.89	2.07	$1.98	9.1%	--	0.69	36
$20.50	Oct 2	2.92	3.20	$3.06	9.2%	--	0.71	11

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 19 found (avg $0.60, cheapest $0.08)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$20.50	Sep 11	0.12	0.13	$0.13	7.7%	72	0.14	71
$21.00	Sep 11	0.09	0.10	$0.10	10.0%	702	0.10	221
$20.00	Sep 11	0.17	0.19	$0.18	11.1%	1.9K	0.18	1.2K
$19.00	Sep 11	0.34	0.36	$0.35	5.7%	774	0.33	945
$18.50	Sep 11	0.49	0.54	$0.52	9.6%	863	0.42	869

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$16.00	Sep 11	0.07	0.08	$0.08	12.5%	8	0.09	847
$18.00	Sep 11	0.61	0.72	$0.67	16.4%	47	0.47	295
$18.50	Sep 11	0.89	1.00	$0.95	11.6%	34	0.58	502
$17.00	Sep 18	0.52	0.58	$0.55	10.9%	55	0.31	2.0K
$17.50	Sep 18	0.66	0.78	$0.72	16.7%	6	0.38	318

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 67 found (avg delta 0.70, highest 0.97)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$15.00	Sep 11	3.00	3.50	$3.25	15.4%	1	0.97	574
$15.00	Sep 18	2.77	3.65	$3.21	27.4%	150	0.92	590
$16.00	Sep 11	2.06	2.50	$2.28	19.3%	11	0.91	149
$15.50	Sep 18	2.57	3.25	$2.91	23.4%	3	0.88	16
$16.50	Sep 11	1.63	1.76	$1.69	7.7%	80	0.85	937

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$21.00	Sep 11	2.43	3.70	$3.07	41.4%	--	0.89	203
$20.50	Sep 11	2.35	3.20	$2.78	30.6%	--	0.86	78
$21.50	Sep 18	3.10	3.75	$3.43	19.0%	--	0.84	54
$20.00	Sep 11	2.07	2.21	$2.14	6.5%	10	0.82	154
$21.00	Sep 18	2.92	3.45	$3.19	16.6%	1	0.81	1.4K

Most actively traded options today. High liquidity = easy entry/exit. 110 active (total vol 13.7K, top 2.8K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$21.00	Oct 16	0.81	0.97	$0.89	18.0%	2.8K	0.33	2.4K
$20.00	Sep 11	0.17	0.19	$0.18	11.1%	1.9K	0.18	1.2K
$20.00	Sep 18	0.40	0.47	$0.44	15.9%	1.2K	0.28	5.6K
$18.00	Sep 11	0.70	0.75	$0.73	6.8%	1.1K	0.53	974
$18.50	Sep 11	0.49	0.54	$0.52	9.6%	863	0.42	869

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$18.00	Sep 18	0.91	1.06	$0.99	15.2%	186	0.46	2.6K
$17.00	Sep 11	0.20	0.28	$0.24	33.3%	157	0.24	1.1K
$16.50	Sep 11	0.12	0.15	$0.14	21.4%	134	0.15	1.2K
$17.00	Oct 16	1.13	1.27	$1.20	11.7%	72	0.35	7.9K
$17.00	Sep 18	0.52	0.58	$0.55	10.9%	55	0.31	2.0K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 18 strikes (avg 38.2%, max 164.4%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$17.50	Sep 11	Oct 2	96.8%	66.7%	45.1%	256	1.3K
$18.50	Sep 11	Oct 9	104.5%	75.1%	39.2%	864	913
$20.00	Sep 11	Oct 16	112.2%	80.7%	39.0%	2.2K	13.2K
$17.00	Sep 11	Oct 23	95.6%	70.3%	36.0%	212	1.2K
$19.00	Sep 11	Oct 23	107.3%	80.6%	33.1%	776	954

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$14.50	Sep 11	Sep 25	276.8%	104.7%	164.4%	--	326
$18.50	Sep 11	Oct 9	104.5%	75.1%	39.2%	35	502
$19.50	Sep 11	Oct 2	106.2%	76.3%	39.2%	1	169
$20.00	Sep 11	Oct 16	112.2%	80.7%	39.0%	23	17.7K
$19.00	Sep 11	Oct 16	107.3%	79.3%	35.3%	23	1.7K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 73 found (best R:R 1.94, avg 1.62)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$16.00	$17.00	Oct 9	$0.34	$0.66	$0.34	78%	1.94	$16.34
$19.50	$20.50	Oct 23	$0.12	$0.88	$0.12	44%	7.33	$19.62
$15.00	$16.00	Oct 16	$0.53	$0.47	$0.53	82%	0.89	$15.53
$15.00	$15.50	Sep 25	$0.24	$0.26	$0.24	84%	1.08	$15.24
$16.00	$16.50	Oct 2	$0.20	$0.30	$0.20	77%	1.50	$16.20

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$21.50	$21.00	Sep 18	$0.24	$0.26	$0.24	84%	1.08	$21.26
$21.00	$20.50	Sep 11	$0.29	$0.21	$0.29	89%	0.72	$20.71
$19.50	$19.00	Sep 11	$0.22	$0.28	$0.22	76%	1.27	$19.28
$21.00	$20.50	Sep 18	$0.27	$0.23	$0.27	81%	0.85	$20.73
$19.50	$19.00	Sep 18	$0.24	$0.26	$0.24	69%	1.08	$19.26

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 40 found (best R:R 2.12, avg 0.70)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$20.50	$21.00	Oct 23	$0.31	$0.31	$0.19	61%	1.63	$20.81
$19.00	$19.50	Oct 9	$0.35	$0.35	$0.15	52%	2.33	$19.35
$20.50	$21.00	Sep 25	$0.23	$0.23	$0.27	72%	0.85	$20.73
$19.00	$19.50	Oct 2	$0.30	$0.30	$0.20	58%	1.50	$19.30
$20.00	$20.50	Oct 2	$0.21	$0.21	$0.29	67%	0.72	$20.21

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$17.00	$16.50	Sep 25	$0.34	$0.34	$0.16	66%	2.12	$16.66
$16.00	$15.00	Oct 16	$0.40	$0.40	$0.60	73%	0.67	$15.60
$18.00	$17.00	Oct 16	$0.54	$0.54	$0.46	56%	1.17	$17.46
$18.00	$17.50	Oct 9	$0.30	$0.30	$0.20	56%	1.50	$17.70
$15.50	$15.00	Oct 9	$0.15	$0.15	$0.35	79%	0.43	$15.35

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 8 found (avg debit $0.35, cheapest $0.32)

CALLS (4)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$19.00	Sep 11	Sep 18	$0.32	107.3%	86.4%
$18.50	Sep 11	Sep 18	$0.34	104.5%	86.8%
$18.00	Sep 11	Sep 18	$0.34	101.6%	84.2%
$17.50	Sep 11	Sep 18	$0.32	96.8%	82.0%

PUTS (4)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$19.00	Sep 11	Sep 18	$0.42	107.3%	86.4%
$18.50	Sep 11	Sep 18	$0.42	104.5%	86.8%
$18.00	Sep 11	Sep 18	$0.32	101.6%	84.2%
$17.50	Sep 11	Sep 18	$0.31	96.8%	82.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 34 found (cheapest 7.65% of stock, avg 14.17%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$17.50	Sep 11	$0.97	$0.41	$1.38	$16.12	$18.88	7.65%
$18.00	Sep 11	$0.73	$0.67	$1.40	$16.60	$19.40	7.76%
$18.50	Sep 11	$0.52	$0.95	$1.47	$17.03	$19.97	8.15%
$17.00	Sep 11	$1.30	$0.24	$1.54	$15.46	$18.54	8.54%
$19.00	Sep 11	$0.35	$1.32	$1.67	$17.33	$20.67	9.26%
$19.50	Sep 11	$0.24	$1.54	$1.78	$17.72	$21.28	9.87%
$16.50	Sep 11	$1.69	$0.14	$1.83	$14.67	$18.33	10.15%
$17.50	Sep 18	$1.29	$0.72	$2.01	$15.49	$19.51	11.15%
$18.00	Sep 18	$1.07	$0.99	$2.06	$15.94	$20.06	11.43%
$17.00	Sep 18	$1.61	$0.55	$2.16	$14.84	$19.16	11.98%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 142 found (cheapest 1.50% of stock, avg 8.85%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$20.50	$16.50	Sep 11	$0.13	$0.14	$0.27	$16.23	$20.77
$20.00	$16.50	Sep 11	$0.18	$0.14	$0.32	$16.18	$20.32
$20.50	$17.00	Sep 11	$0.13	$0.24	$0.37	$16.63	$20.87
$19.50	$16.50	Sep 11	$0.24	$0.14	$0.38	$16.12	$19.88
$20.00	$17.00	Sep 11	$0.18	$0.24	$0.42	$16.58	$20.42
$19.50	$17.00	Sep 11	$0.24	$0.24	$0.48	$16.52	$19.98
$19.00	$16.50	Sep 11	$0.35	$0.14	$0.49	$16.01	$19.49
$20.50	$14.50	Sep 11	$0.13	$0.48	$0.61	$13.89	$21.11
$19.00	$17.00	Sep 11	$0.35	$0.24	$0.59	$16.41	$19.59
$20.50	$16.00	Sep 18	$0.37	$0.24	$0.61	$15.39	$21.11

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 8 found (best R:R 3.55, avg credit $0.31)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
16/16	20/21	Sep 25	$0.39	$0.11	45%	3.55	$16.11	$20.89
16/16	20/21	Sep 25	$0.34	$0.16	51%	2.13	$15.66	$20.84
16/16	20/20	Oct 2	$0.37	$0.13	37%	2.85	$16.13	$20.37
16/16	20/20	Oct 2	$0.33	$0.17	42%	1.94	$15.67	$20.33
15/16	21/22	Oct 9	$0.26	$0.24	47%	1.08	$15.24	$21.26
16/16	20/20	Sep 25	$0.27	$0.23	41%	1.17	$16.23	$20.27
16/16	20/20	Sep 25	$0.22	$0.28	47%	0.79	$15.78	$20.22
17/18	19/20	Sep 11	$0.28	$0.22	32%	1.27	$17.22	$19.28

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 54 found (best R:R 7.33, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$16.50	$17.00	$17.50	Sep 11	$0.06	$0.44	20%	7.33
$18.50	$19.00	$19.50	Sep 11	$0.06	$0.44	18%	7.33
$19.00	$19.50	$20.00	Sep 11	$0.05	$0.45	14%	9.00
$17.50	$18.00	$18.50	Sep 25	$0.05	$0.45	13%	9.00
$17.00	$17.50	$18.00	Sep 11	$0.09	$0.41	23%	4.56

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$16.00	$16.50	$17.00	Sep 18	$0.05	$0.45	14%	9.00
$16.50	$17.00	$17.50	Sep 11	$0.07	$0.43	20%	6.14
$15.50	$16.00	$16.50	Sep 18	$0.05	$0.45	11%	9.00
$15.50	$16.00	$16.50	Sep 25	$0.05	$0.45	11%	9.00
$17.00	$17.50	$18.00	Sep 11	$0.09	$0.41	23%	4.56

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 47 found (best net $-0.51, 46 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$17.00	$19.00	1:2	Oct 23	-$0.51	$1.49
$20.50	$21.00	1:2	Sep 25	-$0.09	$0.41
$18.50	$19.00	1:2	Sep 11	-$0.18	$0.32
$19.00	$19.50	1:2	Sep 11	-$0.13	$0.37
$20.00	$20.50	1:2	Sep 11	-$0.08	$0.42

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$16.00	$15.00	1:2	Oct 16	-$0.08	$0.92
$17.50	$17.00	1:2	Sep 11	-$0.07	$0.43
$18.00	$17.50	1:2	Sep 11	-$0.15	$0.35
$16.00	$15.50	1:2	Sep 18	-$0.08	$0.42
$16.50	$16.00	1:2	Sep 18	-$0.11	$0.39

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 41 found (best yield 4.66%, avg 3.37%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$21.50	Oct 23	$0.84	0.33	19.2%	4.66%	23.90%	3	50
$20.00	Oct 16	$1.14	0.40	10.9%	6.32%	17.25%	334	11.9K
$19.00	Oct 16	$1.34	0.48	5.4%	7.43%	12.81%	21	664
$21.00	Oct 16	$0.81	0.33	16.5%	4.49%	20.97%	2.8K	2.4K
$19.50	Oct 23	$1.11	0.44	8.2%	6.16%	14.31%	1	1
$20.50	Oct 23	$0.76	0.39	13.7%	4.22%	17.91%	--	49
$21.00	Oct 23	$0.67	0.34	16.5%	3.72%	20.19%	--	12
$19.00	Oct 9	$1.20	0.48	5.4%	6.66%	12.04%	16	66
$19.00	Oct 23	$1.20	0.47	5.4%	6.66%	12.04%	2	9
$21.00	Oct 9	$0.60	0.32	16.5%	3.33%	19.80%	9	39

Current 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
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Prior's 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
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Current Put/Call Breakdown

Total Calls 15,087

Total Puts 1,284

Put/Call Ratio 0.09

Net Difference 13,803

Prior's Put/Call Breakdown

Total Calls 7,058

Total Puts 2,341

Put/Call Ratio 0.33

Net Difference 4,717

Prior 7-Day Put/Call Summary

Total Calls 238,409

Total Puts 81,391

Average Put/Call Ratio 0.34

Ratio Trend Falling

Daily Put/Call History (Last 7 Days)

Date	Calls	Puts	Ratio	Net Diff
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Upcoming Earnings - 2 Weeks Prior

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Upcoming Earnings - 1 Week Prior

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Earnings This Week

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Earnings - Day Before / Day After

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Options Activity Around Earnings

Ticker	Earnings Date	Days Away	Call Volume	Put Volume	IV Rank
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Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

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Current 5-Minute Volume Snapshots

Prior's 5-Minute Volume Snapshots

Current Put/Call Breakdown

Prior's Put/Call Breakdown

Prior 7-Day Put/Call Summary

Daily Put/Call History (Last 7 Days)

Upcoming Earnings - 2 Weeks Prior

Upcoming Earnings - 1 Week Prior

Earnings This Week

Earnings - Day Before / Day After

Options Activity Around Earnings

Chart Title

Price — Past 7 Days

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