Tour v303
QBTS
D-WAVE QUANTUM INC
$20.64 -1.99%
$20.63 (-0.05%)🌙
as of 07/08 06:57 PM
(7/7 18:56) ◀
|
Wednesday, July 8, 2026 (6:57pm)
January 2026
|
▶ (7/9 18:56)
◀ 7/8 18:57 ▶

Option Volume

Detail
ℹ
Current (07/08) 44,719
Calls: 21,691 (49%)
Puts: 23,028 (51%)
Prior (07/07) 67,023
Calls: 40,681 (61%)
Puts: 26,342 (39%)
Current vs Prior -33.28%
Calls: -46.68% (Calls)
Puts: -12.58% (Puts)
Prior 7-Day Total 342,450
Calls: 228,233 (67%)
Puts: 114,217 (33%)
Prior 7-Day Average 48,921
Calls: 32,604 (67%)
Puts: 16,316 (33%)
Current vs Prior 7-Day Avg -8.59%
Calls: -33.47%
Puts: +41.13%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/08) $9.04M
Calls: $2.57M (28%)
Puts: $6.47M (72%)
Prior (07/07) $9.70M
Calls: $5.71M (59%)
Puts: $3.99M (41%)
Current vs Prior -6.72%
Calls: -54.94%
Puts: +62.26%
Prior 7-Day Total $50.56M
Calls: $30.50M (60%)
Puts: $20.06M (40%)
Prior 7-Day Average $7.22M
Calls: $4.36M (60%)
Puts: $2.87M (40%)
Current vs Prior 7-Day Avg +25.22%
Calls: -40.98%
Puts: +125.85%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/08) 1.06
Prior (07/07) 0.65
Current vs Prior +63.95%
Prior 7-Day Average 0.49
Current vs Prior 7-Day Avg +116.28%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/08) 347,815
Calls: 235,634 (68%)
Puts: 112,181 (32%)
Prior (07/07) 382,816
Calls: 244,049 (64%)
Puts: 138,767 (36%)
Current vs Prior -9.14%
Prior 7-Day Total 2,579,694
Calls: 1,650,089 (64%)
Puts: 929,605 (36%)
Prior 7-Day Average 368,527
Calls: 235,727 (64%)
Puts: 132,800 (36%)
Current vs Prior 7-Day Avg -5.62%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/10) | Next (07/17)Expiry (07/17) | Next (08/21)
Current 7.75% | 13.47%13.47% | 31.01%
Prior 9.07% | 14.34%14.34% | 31.62%
Current vs Prior -14.53% | -6.07%-6.07% | -1.95%
Prior 7-Day Avg 9.11% | 14.60%14.68% | 31.61%
Current vs 7-Day Avg -14.88% | -7.76%-8.27% | -1.92%
Prior 7-Day Eod 9.07% | 14.34%-- | --
Current vs 7-Day Eod -14.53% | -6.07%-- | --
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 3.77% | 6.71%
Calls: 3.13% | 7.21%
Puts: 4.41% | 6.22%
Prior 3.77% | 6.71%
Calls: 3.13% | 7.21%
Puts: 4.41% | 6.22%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 4.72% | 8.42%
Calls: 3.83% | 8.31%
Puts: 5.60% | 8.53%
Current vs 7-Day Avg -20.05% | -20.27%
Liquidity Acceptable
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🤖 AI Insights

Moderately bearish flow with 72% put dollar volume ($6.47M). Slightly bearish P/C ratio of 1.06. P/C ratio rising 64% - increased hedging/bearish positioning. Call-heavy open interest (235,634 calls vs 112,181 puts) suggests bullish positioning.

Smart Money BEARISH
Retail Flow NEUTRAL
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Current NEUTRAL
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg 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

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 31 of results (avg 8.0%, best 3.5%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$20.00Jul 100.981.06$1.027.8%3040.67176
$19.00Aug 213.653.95$3.807.9%30.66--
$20.50Jul 100.700.76$0.738.2%2130.55246
$20.50Jul 311.962.13$2.058.3%400.5521
$19.50Jul 101.311.44$1.389.4%210.76--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$23.00Aug 214.254.40$4.333.5%420.543.4K
$24.00Aug 214.955.20$5.084.9%340.59760
$21.50Jul 242.072.19$2.135.6%230.5440
$24.00Jul 314.104.35$4.225.9%80.68104
$20.50Jul 241.501.60$1.556.5%1340.4456

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 18 found (avg $0.54, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$23.50Jul 100.050.06$0.0616.7%2370.07967
$22.00Jul 100.190.22$0.2114.3%5650.22715
$24.50Jul 170.220.25$0.2412.5%380.15308
$24.00Jul 170.270.32$0.3016.7%1.3K0.182.4K
$21.50Jul 100.300.35$0.3215.6%1.2K0.32401
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$19.00Jul 100.130.15$0.1414.3%1.9K0.15584
$20.00Jul 100.360.41$0.3912.8%8350.342.3K
$17.50Jul 240.410.49$0.4517.8%30.186
$17.00Jul 310.490.59$0.5418.5%240.18170
$20.50Jul 100.560.63$0.6011.7%2090.45460

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 79 found (avg delta 0.68, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$17.00Jul 102.814.30$3.5641.9%21.00--
$18.00Jul 102.352.86$2.6119.5%2060.93384
$17.50Jul 102.444.05$3.2549.5%40.938
$18.50Jul 101.982.66$2.3229.3%2070.905
$17.00Jul 173.503.95$3.7312.1%20.90--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$24.00Jul 103.003.70$3.3520.9%660.95332
$23.50Jul 102.673.35$3.0122.6%230.93434
$23.00Jul 102.392.61$2.508.8%1310.90541
$24.50Jul 103.504.30$3.9020.5%400.90130
$22.50Jul 101.922.07$2.007.5%390.85580

Most actively traded options today. High liquidity = easy entry/exit. 175 active (total vol 19.7K, top 1.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$24.00Jul 170.270.32$0.3016.7%1.3K0.182.4K
$21.50Jul 100.300.35$0.3215.6%1.2K0.32401
$23.00Jul 170.440.55$0.5022.0%6800.271.9K
$23.00Jul 100.070.09$0.0825.0%6150.10829
$22.00Jul 100.190.22$0.2114.3%5650.22715
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$19.00Jul 100.130.15$0.1414.3%1.9K0.15584
$18.50Jul 100.070.09$0.0825.0%9870.0926
$20.00Jul 100.360.41$0.3912.8%8350.342.3K
$21.00Jul 171.391.51$1.458.3%4030.522.0K
$22.00Jul 171.922.16$2.0411.8%3920.642.7K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 32 strikes (avg 17.4%, max 76.7%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$24.50Jul 10Aug 14178.7%101.1%76.7%4301.3K
$17.50Jul 10Aug 14150.8%103.3%45.9%88
$17.00Jul 10Aug 21133.1%102.2%30.3%355
$18.00Jul 10Aug 21121.8%101.6%19.9%212429
$24.00Jul 10Aug 21122.0%104.6%16.6%2091.6K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$24.50Jul 10Aug 7178.7%104.8%70.5%44130
$17.00Jul 10Aug 21133.1%102.2%30.3%22217
$23.50Jul 10Jul 31119.3%94.8%25.8%24434
$18.00Jul 10Aug 21121.8%101.6%19.9%246910
$21.50Jul 10Jul 31110.3%94.4%16.9%265496

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 91 found (best R:R 4.00, avg 1.41)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$18.00$18.50Aug 14$0.10$0.40$0.104.00$18.10
$21.50$22.00Jul 10$0.11$0.39$0.113.55$21.61
$21.00$21.50Jul 17$0.11$0.39$0.113.55$21.11
$23.00$23.50Jul 17$0.11$0.39$0.113.55$23.11
$24.00$24.50Jul 24$0.12$0.38$0.123.17$24.12
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$19.50$19.00Aug 7$0.10$0.40$0.104.00$19.40
$19.50$19.00Jul 10$0.12$0.38$0.123.17$19.38
$20.00$19.50Jul 10$0.13$0.37$0.132.85$19.87
$17.50$17.00Aug 7$0.13$0.37$0.132.85$17.37
$20.00$19.50Jul 31$0.15$0.35$0.152.33$19.85

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 108 found (best R:R 6.69, avg 1.27)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$17.00$18.00Jul 17$0.87$0.87$0.136.69$17.87
$21.00$21.50Aug 14$0.39$0.39$0.113.55$21.39
$19.50$20.00Jul 10$0.36$0.36$0.142.57$19.86
$22.00$22.50Aug 14$0.36$0.36$0.142.57$22.36
$20.50$21.00Aug 7$0.34$0.34$0.162.13$20.84
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$20.50$20.00Aug 14$0.40$0.40$0.104.00$20.10
$22.50$22.00Jul 17$0.39$0.39$0.113.55$22.11
$22.00$21.50Jul 10$0.38$0.38$0.123.17$21.62
$24.00$23.00Aug 21$0.75$0.75$0.253.00$23.25
$24.50$23.00Aug 7$1.12$1.12$0.382.95$23.38

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 32 found (avg debit $0.42, cheapest $0.11)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$24.50Jul 10Jul 17$0.11178.7%99.2%
$17.00Jul 10Jul 17$0.17133.1%99.8%
$18.00Jul 10Jul 17$0.25121.8%94.8%
$18.50Jul 10Jul 17$0.25118.0%84.4%
$24.00Jul 10Jul 17$0.26122.0%98.6%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$17.00Jul 10Jul 17$0.13133.1%99.8%
$17.50Jul 17Jul 24$0.21102.6%97.7%
$18.50Jul 10Jul 17$0.22118.0%84.4%
$18.00Jul 10Jul 17$0.23121.8%94.8%
$23.50Jul 10Jul 17$0.24119.3%100.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 73 found (cheapest 6.44% of stock, avg 19.62%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$20.50Jul 10$0.73$0.60$1.33$19.17$21.836.44%
$21.00Jul 10$0.49$0.87$1.36$19.64$22.366.59%
$20.00Jul 10$1.02$0.39$1.41$18.59$21.416.83%
$21.50Jul 10$0.32$1.19$1.51$19.99$23.017.32%
$19.50Jul 10$1.38$0.26$1.64$17.86$21.147.95%
$22.00Jul 10$0.21$1.57$1.78$20.22$23.788.62%
$19.00Jul 10$1.65$0.14$1.79$17.21$20.798.67%
$22.50Jul 10$0.13$2.00$2.13$20.37$24.6310.32%
$18.50Jul 10$2.32$0.08$2.40$16.10$20.9011.63%
$20.00Jul 17$1.59$0.86$2.45$17.55$22.4511.87%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 160 found (cheapest 1.02% of stock, avg 12.74%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$22.50$18.50Jul 10$0.13$0.08$0.21$18.29$22.71
$24.50$18.50Jul 10$0.13$0.08$0.21$18.29$24.71
$22.50$19.00Jul 10$0.13$0.14$0.27$18.73$22.77
$24.50$19.00Jul 10$0.13$0.14$0.27$18.73$24.77
$22.00$18.50Jul 10$0.21$0.08$0.29$18.21$22.29
$22.00$19.00Jul 10$0.21$0.14$0.35$18.65$22.35
$22.50$19.50Jul 10$0.13$0.26$0.39$19.11$22.89
$24.50$19.50Jul 10$0.13$0.26$0.39$19.11$24.89
$21.50$18.50Jul 10$0.32$0.08$0.40$18.10$21.90
$21.50$19.00Jul 10$0.32$0.14$0.46$18.54$21.96

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 80 found (best R:R 10.54, avg credit $0.52)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
20/2224/24Aug 7$1.37$0.1310.54$20.63$24.87
19/2021/22Aug 21$0.90$0.109.00$19.10$21.90
18/1920/21Aug 21$0.89$0.118.09$18.11$20.89
17/1819/20Jul 31$0.88$0.127.33$17.12$19.88
17/1820/20Aug 14$0.85$0.155.67$17.15$20.85
17/1820/21Aug 21$0.84$0.165.25$17.16$20.84
18/1923/24Aug 21$0.83$0.174.88$18.17$23.83
20/2122/23Aug 21$0.83$0.174.88$20.17$22.83
20/2223/24Aug 7$1.21$0.294.17$20.79$24.21
18/1822/22Jul 24$0.40$0.104.00$18.10$22.40

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 58 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$19.00$20.00$21.00Aug 21$0.06$0.9415.67
$20.00$21.00$22.00Aug 21$0.09$0.9110.11
$20.00$20.50$21.00Jul 10$0.05$0.459.00
$22.50$23.00$23.50Jul 17$0.05$0.459.00
$21.00$22.00$23.00Aug 21$0.11$0.898.09
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$17.00$18.00$19.00Jul 31$0.05$0.9519.00
$20.50$21.00$21.50Jul 10$0.05$0.459.00
$18.50$19.00$19.50Jul 17$0.05$0.459.00
$18.00$19.00$20.00Aug 21$0.10$0.909.00
$20.00$21.00$22.00Aug 21$0.11$0.898.09

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 28 found (best net $-0.15, 28 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$17.00$20.001:2Jul 24-$0.15$2.85
$22.00$22.501:2Jul 10-$0.05$0.45
$18.50$20.501:2Aug 7-$1.55$0.45
$21.50$22.001:2Jul 10-$0.10$0.40
$21.00$21.501:2Jul 10-$0.15$0.35
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$18.00$17.001:2Jul 31-$0.23$0.77
$19.00$18.001:2Jul 31-$0.49$0.51
$17.50$17.001:2Jul 17-$0.06$0.44
$20.00$19.501:2Jul 10-$0.13$0.37
$18.00$17.001:2Aug 14-$0.64$0.36

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 49 found (best yield 12.98%, avg 5.40%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$21.00Aug 21$2.680.551.7%12.98%14.73%149133
$21.00Aug 14$2.450.551.7%11.87%13.61%361
$22.00Aug 21$2.330.506.6%11.29%17.88%1002.6K
$22.00Aug 14$2.070.496.6%10.03%16.62%3--
$23.00Aug 21$1.990.4611.4%9.64%21.08%130287
$21.50Aug 14$1.940.514.2%9.40%13.57%24
$21.50Aug 7$1.820.514.2%8.82%12.98%1013
$21.00Aug 7$1.750.531.7%8.48%10.22%5254
$23.00Aug 14$1.730.4411.4%8.38%19.82%723
$22.00Aug 7$1.700.486.6%8.24%14.83%1333

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 21,691
Total Puts 23,028
Put/Call Ratio 1.06
Net Difference -1,337

Prior's Put/Call Breakdown

Total Calls 40,681
Total Puts 26,342
Put/Call Ratio 0.65
Net Difference 14,339

Prior 7-Day Put/Call Summary

Total Calls 228,233
Total Puts 114,217
Average Put/Call Ratio 0.49
Ratio Trend Rising

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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Chart Title

Price — Past 7 Days

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