QBTS - Options Database

QBTS

D-WAVE QUANTUM INC

$18.05 +8.85%

(9/8 09:40) ◀

Tuesday, September 8, 2026 (9:45am)

▶ (9/8 09:50)

◀ 9/8 09:45 ▶

Option Volume

Detail

ℹ

Current (09/08 9:45am) 18,948

Calls: 17,234 (91%)

Puts: 1,714 (9%)

Prior (08/06) 10,295

Calls: 7,738 (75%)

Puts: 2,557 (25%)

Current vs Prior +84.05%

Calls: +122.72% (Calls)

Puts: -32.97% (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 -58.53%

Calls: -49.40%

Puts: -85.26%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/08 9:45am) $1.47M

Calls: $1.32M (90%)

Puts: $148.9K (10%)

Prior (08/06) $773.7K

Calls: $544.1K (70%)

Puts: $229.7K (30%)

Current vs Prior +89.93%

Calls: +142.73%

Puts: -35.17%

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 -73.51%

Calls: -66.35%

Puts: -90.83%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/08 9:45am) 0.10

Prior (08/06) 0.33

Current vs Prior -69.90%

Prior 7-Day Average 0.34

Current vs Prior 7-Day Avg -71.00%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/08 9:45am) 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 8.92% | 12.91%12.91% | 20.06%

Prior 6.80% | 11.08%16.62% | 22.73%

Current vs Prior +31.25% | +16.51%-22.33% | -11.77%

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

Current vs 7-Day Avg -6.56% | -11.05%-16.40% | -19.24%

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

Current vs 7-Day Eod +31.25% | +16.51%+20.92% | +2.31%

Sentiment BEARISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 12.82% | 11.34%

Calls: 7.35% | 12.75%

Puts: 18.28% | 9.92%

Prior 8.07% | 12.60%

Calls: 6.67% | 14.29%

Puts: 9.46% | 10.91%

Current vs Prior +58.86% | -10.00%

Prior 7-Day Avg 9.31% | 14.85%

Calls: 7.90% | 10.47%

Puts: 10.71% | 19.22%

Current vs 7-Day Avg +37.72% | -23.61%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 90% of dollar volume in calls ($1.32M) vs puts ($148.9K). Elevated premium activity with dollar volume up 90% vs prior. Above-average activity with volume up 84% vs prior. Extreme bullish P/C ratio of 0.10 - heavy call buying (17,234 calls vs 1,714 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
09:45	BULLISH	BULLISH	BULLISH
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 20 of results (avg 7.8%, best 3.5%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$20.00	Oct 16	1.14	1.18	$1.16	3.4%	354	0.40	11.9K
$17.00	Sep 11	1.25	1.30	$1.27	3.9%	246	0.75	1.2K
$15.00	Oct 16	3.50	3.70	$3.60	5.6%	32	0.81	932
$17.00	Sep 18	1.50	1.60	$1.55	6.5%	413	0.69	3.3K
$17.00	Oct 16	2.24	2.39	$2.32	6.5%	23	0.64	746

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$21.00	Oct 16	3.65	3.90	$3.78	6.6%	--	0.67	903
$20.00	Oct 16	2.98	3.20	$3.09	7.1%	13	0.60	17.5K
$19.50	Sep 25	2.07	2.26	$2.17	8.8%	--	0.64	42
$19.50	Sep 18	1.89	2.07	$1.98	9.1%	--	0.68	36
$18.00	Oct 16	1.68	1.84	$1.76	9.1%	15	0.45	3.6K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 24 found (avg $0.54, cheapest $0.07)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$20.50	Sep 11	0.10	0.12	$0.11	18.2%	107	0.12	71
$21.00	Sep 11	0.07	0.08	$0.08	12.5%	788	0.09	221
$20.00	Sep 11	0.15	0.17	$0.16	12.5%	2.2K	0.17	1.2K
$19.50	Sep 11	0.22	0.24	$0.23	8.7%	442	0.23	189
$19.00	Sep 11	0.31	0.34	$0.33	9.1%	916	0.31	945

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$16.00	Sep 11	0.06	0.07	$0.07	14.3%	162	0.09	847
$16.50	Sep 11	0.12	0.14	$0.13	15.4%	214	0.15	1.2K
$17.50	Sep 11	0.38	0.42	$0.40	10.0%	11	0.35	272
$18.00	Sep 11	0.61	0.67	$0.64	9.4%	103	0.48	295
$18.50	Sep 11	0.84	1.01	$0.93	18.3%	38	0.59	502

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 67 found (avg delta 0.70, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$15.00	Sep 11	2.80	3.50	$3.15	22.2%	3	1.00	574
$16.00	Sep 11	1.80	2.31	$2.06	24.8%	52	0.91	149
$15.00	Sep 18	2.77	3.65	$3.21	27.4%	150	0.91	590
$15.50	Sep 18	2.46	3.25	$2.86	27.6%	3	0.87	16
$15.00	Sep 25	2.46	3.80	$3.13	42.8%	100	0.87	101

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$21.00	Sep 11	2.50	3.20	$2.85	24.6%	--	0.91	203
$20.50	Sep 11	2.35	3.20	$2.78	30.6%	--	0.88	78
$21.50	Sep 25	3.15	4.25	$3.70	29.7%	--	0.85	18
$21.50	Sep 18	3.10	3.95	$3.53	24.1%	--	0.85	54
$20.00	Sep 11	1.97	2.20	$2.09	11.0%	10	0.83	154

Most actively traded options today. High liquidity = easy entry/exit. 115 active (total vol 15.6K, top 2.8K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$21.00	Oct 16	0.87	0.96	$0.92	9.8%	2.8K	0.33	2.4K
$20.00	Sep 11	0.15	0.17	$0.16	12.5%	2.2K	0.17	1.2K
$18.00	Sep 11	0.65	0.70	$0.68	7.4%	1.3K	0.52	974
$20.00	Sep 18	0.39	0.44	$0.42	11.9%	1.2K	0.27	5.6K
$18.50	Sep 11	0.45	0.49	$0.47	8.5%	1.0K	0.41	869

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$17.00	Sep 11	0.21	0.29	$0.25	32.0%	219	0.25	1.1K
$16.50	Sep 11	0.12	0.14	$0.13	15.4%	214	0.15	1.2K
$18.00	Sep 18	0.94	1.06	$1.00	12.0%	186	0.47	2.6K
$16.00	Sep 11	0.06	0.07	$0.07	14.3%	162	0.09	847
$18.00	Sep 11	0.61	0.67	$0.64	9.4%	103	0.48	295

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 36.6%, max 184.6%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$17.50	Sep 11	Oct 2	93.1%	65.4%	42.3%	276	1.3K
$17.00	Sep 11	Oct 23	95.7%	70.3%	36.2%	247	1.2K
$20.00	Sep 11	Oct 16	109.3%	81.4%	34.2%	2.6K	13.2K
$18.50	Sep 11	Oct 9	99.5%	76.2%	30.5%	1.0K	913
$19.50	Sep 11	Oct 23	106.1%	82.3%	28.9%	443	190

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$14.50	Sep 11	Sep 25	251.2%	88.2%	184.6%	--	326
$20.00	Sep 11	Oct 16	109.3%	81.4%	34.2%	23	17.7K
$21.50	Sep 18	Sep 25	95.4%	71.7%	33.1%	--	72
$19.50	Sep 11	Oct 2	106.1%	81.2%	30.6%	1	169
$18.50	Sep 11	Oct 9	99.5%	76.2%	30.5%	39	502

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 80 found (best R:R 7.33, avg 1.67)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$19.50	$20.50	Oct 23	$0.12	$0.88	$0.12	44%	7.33	$19.62
$16.00	$17.00	Oct 9	$0.47	$0.53	$0.47	77%	1.13	$16.47
$16.50	$17.00	Oct 23	$0.10	$0.40	$0.10	66%	4.00	$16.60
$15.00	$15.50	Sep 25	$0.24	$0.26	$0.24	87%	1.08	$15.24
$17.00	$18.00	Oct 16	$0.46	$0.54	$0.46	64%	1.17	$17.46

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$21.50	$21.00	Sep 18	$0.31	$0.19	$0.31	85%	0.61	$21.19
$21.00	$20.50	Sep 18	$0.30	$0.20	$0.30	82%	0.67	$20.70
$18.50	$18.00	Oct 9	$0.16	$0.34	$0.16	50%	2.13	$18.34
$19.00	$18.00	Oct 16	$0.41	$0.59	$0.41	53%	1.44	$18.59
$19.50	$19.00	Oct 2	$0.22	$0.28	$0.22	61%	1.27	$19.28

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 43 found (best R:R 1.63, avg 0.60)

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
$20.50	$21.00	Sep 25	$0.23	$0.23	$0.27	72%	0.85	$20.73
$20.00	$20.50	Oct 2	$0.24	$0.24	$0.26	66%	0.92	$20.24
$19.00	$19.50	Oct 9	$0.28	$0.28	$0.22	53%	1.27	$19.28
$20.00	$20.50	Oct 9	$0.22	$0.22	$0.28	61%	0.79	$20.22

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$18.00	$17.00	Oct 16	$0.52	$0.52	$0.48	55%	1.08	$17.48
$17.00	$16.00	Oct 16	$0.42	$0.42	$0.58	64%	0.72	$16.58
$16.00	$15.00	Oct 16	$0.31	$0.31	$0.69	73%	0.45	$15.69
$18.00	$17.50	Oct 9	$0.30	$0.30	$0.20	55%	1.50	$17.70
$17.00	$16.50	Sep 25	$0.21	$0.21	$0.29	66%	0.72	$16.79

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 8 found (avg debit $0.36, cheapest $0.35)

CALLS (4)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$18.50	Sep 11	Sep 18	$0.35	99.5%	85.5%
$19.00	Sep 11	Sep 18	$0.33	102.0%	88.1%
$18.00	Sep 11	Sep 18	$0.34	96.7%	82.9%
$17.50	Sep 11	Sep 18	$0.35	93.1%	81.6%

PUTS (4)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$18.50	Sep 11	Sep 18	$0.38	99.5%	85.5%
$19.00	Sep 11	Sep 18	$0.41	102.0%	88.1%
$18.00	Sep 11	Sep 18	$0.36	96.7%	82.9%
$17.50	Sep 11	Sep 18	$0.34	93.1%	81.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 34 found (cheapest 7.31% of stock, avg 13.97%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$18.00	Sep 11	$0.68	$0.64	$1.32	$16.68	$19.32	7.31%
$17.50	Sep 11	$0.94	$0.40	$1.34	$16.16	$18.84	7.42%
$18.50	Sep 11	$0.47	$0.93	$1.40	$17.10	$19.90	7.76%
$17.00	Sep 11	$1.27	$0.25	$1.52	$15.48	$18.52	8.42%
$19.00	Sep 11	$0.33	$1.28	$1.61	$17.39	$20.61	8.92%
$16.50	Sep 11	$1.66	$0.13	$1.79	$14.71	$18.29	9.92%
$19.50	Sep 11	$0.23	$1.58	$1.81	$17.69	$21.31	10.03%
$18.00	Sep 18	$1.02	$1.00	$2.02	$15.98	$20.02	11.19%
$17.50	Sep 18	$1.29	$0.74	$2.03	$15.47	$19.53	11.25%
$17.00	Sep 18	$1.55	$0.53	$2.08	$14.92	$19.08	11.52%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 142 found (cheapest 1.33% of stock, avg 8.71%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$20.50	$16.50	Sep 11	$0.11	$0.13	$0.24	$16.26	$20.74
$20.00	$16.50	Sep 11	$0.16	$0.13	$0.29	$16.21	$20.29
$19.50	$16.50	Sep 11	$0.23	$0.13	$0.36	$16.14	$19.86
$20.50	$17.00	Sep 11	$0.11	$0.25	$0.36	$16.64	$20.86
$20.00	$17.00	Sep 11	$0.16	$0.25	$0.41	$16.59	$20.41
$19.50	$17.00	Sep 11	$0.23	$0.25	$0.48	$16.52	$19.98
$20.50	$14.50	Sep 11	$0.11	$0.38	$0.49	$14.01	$20.99
$19.00	$16.50	Sep 11	$0.33	$0.13	$0.46	$16.04	$19.46
$20.00	$14.50	Sep 11	$0.16	$0.38	$0.54	$13.96	$20.54
$19.00	$17.00	Sep 11	$0.33	$0.25	$0.58	$16.42	$19.58

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 7 found (best R:R 2.57, avg credit $0.28)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
15/16	20/21	Sep 25	$0.36	$0.14	55%	2.57	$15.14	$20.86
16/16	20/21	Sep 25	$0.38	$0.12	45%	3.17	$16.12	$20.88
16/16	20/20	Oct 2	$0.36	$0.14	37%	2.57	$16.14	$20.36
16/16	20/20	Sep 18	$0.20	$0.30	50%	0.67	$15.80	$19.70
16/17	19/20	Sep 11	$0.22	$0.28	45%	0.79	$16.78	$19.22
16/16	20/20	Sep 18	$0.22	$0.28	44%	0.79	$16.28	$19.72
16/17	20/20	Sep 18	$0.25	$0.25	37%	1.00	$16.75	$19.75

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 51 found (best R:R 15.67, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$15.00	$16.00	$17.00	Oct 16	$0.06	$0.94	17%	15.67
$17.00	$18.00	$19.00	Oct 16	$0.07	$0.93	17%	13.29
$19.00	$20.00	$21.00	Oct 16	$0.07	$0.93	14%	13.29
$18.00	$19.00	$20.00	Oct 16	$0.08	$0.92	15%	11.50
$16.50	$17.00	$17.50	Sep 11	$0.06	$0.44	20%	7.33

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$17.50	$18.00	$18.50	Sep 11	$0.05	$0.45	24%	9.00
$18.00	$18.50	$19.00	Sep 11	$0.06	$0.44	21%	7.33
$16.00	$17.00	$18.00	Oct 16	$0.10	$0.90	18%	9.00
$17.00	$17.50	$18.00	Sep 18	$0.05	$0.45	16%	9.00
$16.00	$16.50	$17.00	Sep 11	$0.06	$0.44	16%	7.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 45 found (best net $-0.61, 44 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$17.00	$19.00	1:2	Oct 23	-$0.61	$1.39
$20.50	$21.00	1:2	Sep 25	-$0.07	$0.43
$15.00	$16.00	1:2	Sep 11	-$0.97	$0.03
$20.00	$20.50	1:2	Sep 11	-$0.06	$0.44
$19.50	$20.00	1:2	Sep 11	-$0.09	$0.41

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$18.00	$17.50	1:2	Sep 11	-$0.16	$0.34
$17.50	$17.00	1:2	Sep 11	-$0.10	$0.40
$16.00	$15.50	1:2	Sep 18	-$0.06	$0.44
$16.00	$15.00	1:2	Oct 16	-$0.20	$0.80
$15.50	$15.00	1:2	Sep 25	-$0.08	$0.42

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 41 found (best yield 6.32%, avg 3.43%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$20.00	Oct 16	$1.14	0.40	10.8%	6.32%	17.12%	354	11.9K
$21.00	Oct 16	$0.87	0.33	16.3%	4.82%	21.16%	2.8K	2.4K
$21.50	Oct 23	$0.72	0.32	19.1%	3.99%	23.10%	3	50
$19.00	Oct 16	$1.36	0.47	5.3%	7.53%	12.80%	23	664
$19.50	Oct 23	$1.11	0.44	8.0%	6.15%	14.18%	1	1
$20.50	Oct 23	$0.76	0.39	13.6%	4.21%	17.78%	--	49
$21.00	Oct 23	$0.67	0.34	16.3%	3.71%	20.06%	1	12
$20.00	Oct 9	$0.90	0.39	10.8%	4.99%	15.79%	37	46
$19.00	Oct 23	$1.20	0.47	5.3%	6.65%	11.91%	2	9
$19.00	Oct 9	$1.06	0.47	5.3%	5.87%	11.14%	16	66

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 17,234

Total Puts 1,714

Put/Call Ratio 0.10

Net Difference 15,520

Prior's Put/Call Breakdown

Total Calls 7,738

Total Puts 2,557

Put/Call Ratio 0.33

Net Difference 5,181

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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