QBTS - Options Database

QBTS

D-WAVE QUANTUM INC

$18.16 +9.50%

(9/8 09:45) ◀

Tuesday, September 8, 2026 (9:50am)

▶ (9/8 09:55)

◀ 9/8 09:50 ▶

Option Volume

Detail

ℹ

Current (09/08 9:50am) 21,944

Calls: 19,786 (90%)

Puts: 2,158 (10%)

Prior (08/06) 11,360

Calls: 8,614 (76%)

Puts: 2,746 (24%)

Current vs Prior +93.17%

Calls: +129.70% (Calls)

Puts: -21.41% (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 -51.97%

Calls: -41.91%

Puts: -81.44%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/08 9:50am) $1.72M

Calls: $1.55M (90%)

Puts: $170.7K (10%)

Prior (08/06) $928.1K

Calls: $672.4K (72%)

Puts: $255.7K (28%)

Current vs Prior +85.56%

Calls: +130.74%

Puts: -33.26%

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 -68.96%

Calls: -60.47%

Puts: -89.49%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/08 9:50am) 0.11

Prior (08/06) 0.32

Current vs Prior -65.79%

Prior 7-Day Average 0.34

Current vs Prior 7-Day Avg -68.20%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/08 9:50am) 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 8.98% | 12.94%12.94% | 20.04%

Prior 6.80% | 11.08%16.62% | 22.73%

Current vs Prior +32.07% | +16.80%-22.13% | -11.82%

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

Current vs 7-Day Avg -5.97% | -10.83%-16.20% | -19.29%

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

Current vs 7-Day Eod +32.07% | +16.80%+21.22% | +2.26%

Sentiment BEARISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 7.89% | 7.71%

Calls: 6.58% | 8.93%

Puts: 9.20% | 6.50%

Prior 8.07% | 12.60%

Calls: 6.67% | 14.29%

Puts: 9.46% | 10.91%

Current vs Prior -2.23% | -38.81%

Prior 7-Day Avg 9.31% | 14.85%

Calls: 7.90% | 10.47%

Puts: 10.71% | 19.22%

Current vs 7-Day Avg -15.24% | -48.07%

Liquidity Expensive

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🤖 AI Insights

Strong bullish conviction with 90% of dollar volume in calls ($1.55M) vs puts ($170.7K). Elevated premium activity with dollar volume up 86% vs prior. Above-average activity with volume up 93% vs prior. Extreme bullish P/C ratio of 0.11 - heavy call buying (19,786 calls vs 2,158 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
09:50	BULLISH	BULLISH	BULLISH
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 29 of results (avg 6.6%, best 2.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$19.00	Sep 11	0.37	0.38	$0.38	2.6%	1.1K	0.34	945
$21.00	Oct 16	0.94	0.97	$0.96	3.1%	2.8K	0.34	2.4K
$19.50	Sep 11	0.25	0.26	$0.26	3.8%	625	0.25	189
$17.00	Sep 11	1.34	1.40	$1.37	4.4%	255	0.79	1.2K
$17.50	Sep 11	1.02	1.07	$1.05	4.8%	330	0.68	856

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$19.50	Sep 11	1.54	1.63	$1.59	5.7%	1	0.75	124
$19.50	Sep 18	1.84	1.95	$1.90	5.8%	--	0.66	36
$20.00	Sep 11	1.93	2.05	$1.99	6.0%	10	0.82	154
$18.50	Sep 18	1.19	1.27	$1.23	6.5%	1	0.52	187
$21.00	Oct 16	3.60	3.85	$3.73	6.7%	--	0.66	903

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 22 found (avg $0.56, cheapest $0.13)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$20.50	Sep 11	0.12	0.14	$0.13	15.4%	126	0.14	71
$20.00	Sep 11	0.17	0.18	$0.18	5.6%	2.8K	0.18	1.2K
$19.50	Sep 11	0.25	0.26	$0.26	3.8%	625	0.25	189
$19.00	Sep 11	0.37	0.38	$0.38	2.6%	1.1K	0.34	945
$18.50	Sep 11	0.52	0.55	$0.54	5.6%	1.3K	0.45	869

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$17.00	Sep 11	0.20	0.23	$0.22	13.6%	244	0.22	1.1K
$17.50	Sep 11	0.36	0.39	$0.38	7.9%	60	0.32	272
$18.00	Sep 11	0.53	0.60	$0.56	12.5%	237	0.44	295
$16.00	Sep 18	0.22	0.25	$0.24	12.5%	71	0.16	3.4K
$18.50	Sep 11	0.83	0.91	$0.87	9.2%	38	0.56	502

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 66 found (avg delta 0.70, highest 0.98)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$15.00	Sep 11	2.80	3.50	$3.15	22.2%	3	0.98	574
$16.00	Sep 11	1.80	2.32	$2.06	25.2%	52	0.93	149
$15.00	Sep 18	2.77	3.65	$3.21	27.4%	150	0.91	590
$15.00	Sep 25	2.46	3.80	$3.13	42.8%	100	0.88	101
$15.50	Sep 18	2.46	3.25	$2.86	27.6%	3	0.87	16

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$21.00	Sep 11	2.80	3.20	$3.00	13.3%	4	0.90	203
$20.50	Sep 11	2.35	3.00	$2.68	24.3%	--	0.86	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	1.93	2.05	$1.99	6.0%	10	0.82	154

Most actively traded options today. High liquidity = easy entry/exit. 117 active (total vol 18.0K, top 2.8K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$20.00	Sep 11	0.17	0.18	$0.18	5.6%	2.8K	0.18	1.2K
$21.00	Oct 16	0.94	0.97	$0.96	3.1%	2.8K	0.34	2.4K
$18.00	Sep 11	0.73	0.78	$0.76	6.6%	1.4K	0.56	974
$20.00	Sep 18	0.43	0.47	$0.45	8.9%	1.4K	0.28	5.6K
$18.50	Sep 11	0.52	0.55	$0.54	5.6%	1.3K	0.45	869

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$16.50	Sep 11	0.10	0.13	$0.12	25.0%	294	0.13	1.2K
$17.00	Sep 11	0.20	0.23	$0.22	13.6%	244	0.22	1.1K
$18.00	Sep 11	0.53	0.60	$0.56	12.5%	237	0.44	295
$18.00	Sep 18	0.88	1.01	$0.95	13.7%	186	0.45	2.6K
$16.00	Sep 11	0.05	0.07	$0.06	33.3%	163	0.08	847

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 15 strikes (avg 30.1%, max 45.1%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$17.50	Sep 11	Oct 2	98.6%	67.9%	45.1%	334	1.3K
$17.00	Sep 11	Oct 23	96.7%	67.7%	43.0%	256	1.2K
$18.50	Sep 11	Oct 9	98.9%	76.4%	29.6%	1.3K	913
$20.00	Sep 11	Oct 16	106.0%	81.9%	29.4%	3.2K	13.2K
$19.00	Sep 11	Oct 23	101.0%	80.4%	25.6%	1.1K	954

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$17.50	Sep 11	Oct 9	98.3%	73.1%	34.5%	60	294
$21.50	Sep 18	Sep 25	91.9%	68.9%	33.4%	--	72
$18.50	Sep 11	Oct 9	98.5%	76.2%	29.2%	39	502
$20.00	Sep 11	Oct 16	105.8%	82.0%	29.0%	23	17.7K
$19.50	Sep 11	Oct 2	103.1%	80.8%	27.6%	1	169

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 82 found (best R:R 7.33, avg 1.57)

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	76%	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	88%	1.08	$15.24
$18.00	$19.00	Oct 16	$0.37	$0.63	$0.37	56%	1.70	$18.37

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$21.00	$20.50	Sep 18	$0.20	$0.30	$0.20	81%	1.50	$20.80
$21.00	$20.50	Sep 11	$0.32	$0.18	$0.32	90%	0.56	$20.68
$18.50	$18.00	Oct 9	$0.16	$0.34	$0.16	49%	2.13	$18.34
$21.00	$20.50	Sep 25	$0.32	$0.18	$0.32	80%	0.56	$20.68
$19.50	$19.00	Oct 2	$0.27	$0.23	$0.27	59%	0.85	$19.23

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 42 found (best R:R 1.78, avg 0.64)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$20.00	$20.50	Oct 2	$0.32	$0.32	$0.18	64%	1.78	$20.32
$20.50	$21.00	Sep 25	$0.26	$0.26	$0.24	71%	1.08	$20.76
$20.50	$21.00	Oct 23	$0.31	$0.31	$0.19	61%	1.63	$20.81
$19.00	$19.50	Oct 9	$0.28	$0.28	$0.22	54%	1.27	$19.28
$21.00	$21.50	Oct 2	$0.17	$0.17	$0.33	72%	0.52	$21.17

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$17.00	$16.00	Oct 16	$0.41	$0.41	$0.59	65%	0.69	$16.59
$18.00	$17.00	Oct 16	$0.50	$0.50	$0.50	56%	1.00	$17.50
$18.00	$17.50	Oct 9	$0.30	$0.30	$0.20	56%	1.50	$17.70
$16.00	$15.00	Oct 16	$0.29	$0.29	$0.71	74%	0.41	$15.71
$16.50	$16.00	Sep 25	$0.19	$0.19	$0.31	74%	0.61	$16.31

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 8 found (avg debit $0.35, cheapest $0.33)

CALLS (4)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$17.50	Sep 11	Sep 18	$0.33	98.6%	83.0%
$19.00	Sep 11	Sep 18	$0.33	101.0%	87.0%
$18.50	Sep 11	Sep 18	$0.36	98.9%	86.4%
$18.00	Sep 11	Sep 18	$0.36	95.2%	84.5%

PUTS (4)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$17.50	Sep 11	Sep 18	$0.32	98.3%	82.8%
$19.00	Sep 11	Sep 18	$0.36	101.2%	87.0%
$18.50	Sep 11	Sep 18	$0.36	98.5%	86.6%
$18.00	Sep 11	Sep 18	$0.39	95.6%	84.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 34 found (cheapest 7.27% of stock, avg 14.02%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$18.00	Sep 11	$0.76	$0.56	$1.32	$16.68	$19.32	7.27%
$18.50	Sep 11	$0.54	$0.87	$1.41	$17.09	$19.91	7.76%
$17.50	Sep 11	$1.05	$0.38	$1.43	$16.07	$18.93	7.87%
$19.00	Sep 11	$0.38	$1.18	$1.56	$17.44	$20.56	8.59%
$17.00	Sep 11	$1.37	$0.22	$1.59	$15.41	$18.59	8.76%
$19.50	Sep 11	$0.26	$1.59	$1.85	$17.65	$21.35	10.19%
$16.50	Sep 11	$1.75	$0.12	$1.87	$14.63	$18.37	10.30%
$18.00	Sep 18	$1.12	$0.95	$2.07	$15.93	$20.07	11.40%
$17.50	Sep 18	$1.38	$0.70	$2.08	$15.42	$19.58	11.45%
$18.50	Sep 18	$0.90	$1.23	$2.13	$16.37	$20.63	11.73%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 142 found (cheapest 1.05% of stock, avg 8.75%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$20.50	$16.00	Sep 11	$0.13	$0.06	$0.19	$15.81	$20.69
$20.50	$16.50	Sep 11	$0.13	$0.12	$0.25	$16.25	$20.75
$20.00	$16.00	Sep 11	$0.18	$0.06	$0.24	$15.76	$20.24
$20.00	$16.50	Sep 11	$0.18	$0.12	$0.30	$16.20	$20.30
$20.50	$17.00	Sep 11	$0.13	$0.22	$0.35	$16.65	$20.85
$19.50	$16.00	Sep 11	$0.26	$0.06	$0.32	$15.68	$19.82
$20.00	$17.00	Sep 11	$0.18	$0.22	$0.40	$16.60	$20.40
$19.50	$16.50	Sep 11	$0.26	$0.12	$0.38	$16.12	$19.88
$19.50	$17.00	Sep 11	$0.26	$0.22	$0.48	$16.52	$19.98
$19.00	$16.00	Sep 11	$0.38	$0.06	$0.44	$15.56	$19.44

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 8 found (best R:R 1.63, avg credit $0.27)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
16/16	21/22	Oct 2	$0.31	$0.19	49%	1.63	$15.69	$21.31
16/16	21/22	Oct 2	$0.31	$0.19	44%	1.63	$16.19	$21.31
16/16	20/20	Sep 25	$0.30	$0.20	41%	1.50	$16.20	$20.30
17/18	19/20	Sep 11	$0.28	$0.22	33%	1.27	$17.22	$19.28
16/16	20/20	Sep 18	$0.23	$0.27	43%	0.85	$16.27	$19.73
16/17	20/20	Sep 25	$0.27	$0.23	35%	1.17	$16.73	$20.27
16/17	19/20	Sep 11	$0.22	$0.28	44%	0.79	$16.78	$19.22
16/17	20/20	Sep 18	$0.25	$0.25	36%	1.00	$16.75	$19.75

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 45 found (best R:R 13.29, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$19.00	$20.00	$21.00	Oct 16	$0.07	$0.93	14%	13.29
$16.00	$17.00	$18.00	Oct 16	$0.09	$0.91	18%	10.11
$18.00	$18.50	$19.00	Sep 11	$0.06	$0.44	22%	7.33
$17.50	$18.00	$18.50	Sep 11	$0.07	$0.43	23%	6.14
$16.50	$17.00	$17.50	Sep 11	$0.06	$0.44	19%	7.33

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$16.00	$17.00	$18.00	Oct 16	$0.09	$0.91	18%	10.11
$16.50	$17.00	$17.50	Sep 11	$0.06	$0.44	19%	7.33
$16.50	$17.00	$17.50	Sep 25	$0.05	$0.45	12%	9.00
$15.50	$16.00	$16.50	Sep 18	$0.05	$0.45	11%	9.00
$17.00	$17.50	$18.00	Sep 18	$0.07	$0.43	15%	6.14

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 42 found (best net $-0.61, 41 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$17.00	$19.00	1:2	Oct 23	-$0.61	$1.39
$15.00	$16.00	1:2	Sep 11	-$0.97	$0.03
$19.00	$19.50	1:2	Sep 11	-$0.14	$0.36
$19.50	$20.00	1:2	Sep 11	-$0.10	$0.40
$20.00	$20.50	1:2	Sep 11	-$0.08	$0.42

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$17.50	$17.00	1:2	Sep 11	-$0.06	$0.44
$18.50	$18.00	1:2	Sep 11	-$0.25	$0.25
$16.00	$15.00	1:2	Oct 16	-$0.21	$0.79
$18.00	$17.50	1:2	Sep 11	-$0.20	$0.30
$15.50	$15.00	1:2	Sep 18	-$0.06	$0.44

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 41 found (best yield 6.50%, avg 3.59%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$20.00	Oct 16	$1.18	0.41	10.1%	6.50%	16.63%	387	11.9K
$21.00	Oct 16	$0.94	0.34	15.6%	5.18%	20.81%	2.8K	2.4K
$19.00	Oct 16	$1.50	0.48	4.6%	8.26%	12.89%	23	664
$21.50	Oct 23	$0.72	0.32	18.4%	3.96%	22.36%	3	50
$19.50	Oct 23	$1.11	0.44	7.4%	6.11%	13.49%	1	1
$20.50	Oct 23	$0.76	0.39	12.9%	4.19%	17.07%	--	49
$21.00	Oct 23	$0.67	0.34	15.6%	3.69%	19.33%	1	12
$20.00	Oct 9	$0.90	0.38	10.1%	4.96%	15.09%	37	46
$19.00	Oct 23	$1.20	0.47	4.6%	6.61%	11.23%	2	9
$21.00	Oct 9	$0.62	0.30	15.6%	3.41%	19.05%	11	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 19,786

Total Puts 2,158

Put/Call Ratio 0.11

Net Difference 17,628

Prior's Put/Call Breakdown

Total Calls 8,614

Total Puts 2,746

Put/Call Ratio 0.32

Net Difference 5,868

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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