Tour v526
QBTS
D-WAVE QUANTUM INC
$19.35 +3.59%
$19.26 (-0.49%)🌙
as of 08/25 06:57 PM
(8/21 19:00) ◀
|
Tuesday, August 25, 2026 (6:57pm)
January 2026
|
▶ (8/26 13:00)
◀ 8/25 18:57 ▶

Option Volume

Detail
ℹ
Current (08/25) 45,362
Calls: 37,882 (84%)
Puts: 7,480 (16%)
Prior (08/21) 58,954
Calls: 47,570 (81%)
Puts: 11,384 (19%)
Current vs Prior -23.06%
Calls: -20.37% (Calls)
Puts: -34.29% (Puts)
Prior 7-Day Total 307,324
Calls: 207,112 (67%)
Puts: 100,212 (33%)
Prior 7-Day Average 43,903
Calls: 29,587 (67%)
Puts: 14,316 (33%)
Current vs Prior 7-Day Avg +3.32%
Calls: +28.03%
Puts: -47.75%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/25) $32.46M
Calls: $30.95M (95%)
Puts: $1.52M (5%)
Prior (08/21) $4.42M
Calls: $3.56M (81%)
Puts: $861.2K (19%)
Current vs Prior +633.99%
Calls: +768.91%
Puts: +75.93%
Prior 7-Day Total $34.56M
Calls: $20.30M (59%)
Puts: $14.25M (41%)
Prior 7-Day Average $4.94M
Calls: $2.90M (59%)
Puts: $2.04M (41%)
Current vs Prior 7-Day Avg +557.61%
Calls: +967.12%
Puts: -25.60%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/25) 0.20
Prior (08/21) 0.24
Current vs Prior -17.49%
Prior 7-Day Average 0.57
Current vs Prior 7-Day Avg -65.54%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/25) 422,629
Calls: 245,687 (58%)
Puts: 176,942 (42%)
Prior (08/21) 469,892
Calls: 278,289 (59%)
Puts: 191,603 (41%)
Current vs Prior -10.06%
Prior 7-Day Total 2,918,565
Calls: 1,833,251 (63%)
Puts: 1,085,314 (37%)
Prior 7-Day Average 416,937
Calls: 261,893 (63%)
Puts: 155,044 (37%)
Current vs Prior 7-Day Avg +1.36%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/28) | Next (09/04)Expiry (09/18) | Next (10/16)
Current 7.70% | 11.73%17.36% | 23.88%
Prior 10.00% | 13.19%2.21% | 19.86%
Current vs Prior -23.04% | -11.08%+686.78% | +20.21%
Prior 7-Day Avg 7.40% | 11.87%7.18% | 19.72%
Current vs 7-Day Avg +4.13% | -1.18%+141.72% | +21.09%
Prior 7-Day Eod 10.00% | 13.19%2.21% | 19.86%
Current vs 7-Day Eod -23.04% | -11.08%+686.78% | +20.21%
Sentiment BULLISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 16.10% | 49.75%
Calls: 10.09% | 24.32%
Puts: 22.11% | 75.19%
Prior 16.10% | 49.75%
Calls: 10.09% | 24.32%
Puts: 22.11% | 75.19%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 16.26% | 13.28%
Calls: 15.73% | 9.95%
Puts: 16.80% | 16.60%
Current vs 7-Day Avg -1.00% | +274.66%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 95% of dollar volume in calls ($30.95M) vs puts ($1.52M). Massive premium surge with dollar volume up 634% vs prior. Dollar volume significantly above 7-day average (558% higher). Extreme bullish P/C ratio of 0.20 - heavy call buying (37,882 calls vs 7,480 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

📈 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 2 of results (avg 7.2%, best 4.8%)

CALLS (0)
No calls meet the criteria
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$19.00Aug 280.410.43$0.424.8%6960.402.9K
$20.00Sep 181.771.95$1.869.7%260.543.2K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 10 found (avg $0.58, cheapest $0.24)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$20.50Aug 280.220.26$0.2416.7%7040.261.4K
$20.00Aug 280.340.39$0.3713.5%1.3K0.351.4K
$19.50Aug 280.500.56$0.5311.3%9580.47516
$21.00Sep 40.410.48$0.4415.9%2840.29629
$20.00Sep 40.670.79$0.7316.4%1.1K0.424.8K
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$19.00Aug 280.410.43$0.424.8%6960.402.9K
$19.00Sep 40.730.86$0.8016.2%630.42532
$18.00Sep 180.790.89$0.8411.9%870.332.2K

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)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$16.50Aug 282.193.70$2.9551.2%31.0022
$17.00Aug 281.233.45$2.3494.9%100.9425
$15.50Aug 282.974.95$3.9650.0%80.909
$17.50Aug 281.492.42$1.9647.4%40.90110
$16.00Sep 112.954.15$3.5533.8%200.88--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$23.00Aug 283.354.40$3.8827.1%250.9641
$22.50Aug 282.614.40$3.5151.0%20.94--
$22.00Aug 282.034.00$3.0165.4%110.92133
$23.00Sep 43.105.05$4.0847.8%20.8940
$21.50Aug 281.773.30$2.5460.2%20.8829

Most actively traded options today. High liquidity = easy entry/exit. 156 active (total vol 16.4K, top 2.4K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$19.00Aug 280.680.87$0.7824.4%2.4K0.60601
$20.00Aug 280.340.39$0.3713.5%1.3K0.351.4K
$20.00Sep 40.670.79$0.7316.4%1.1K0.424.8K
$16.00Sep 182.844.40$3.6243.1%1.0K0.861.1K
$19.50Aug 280.500.56$0.5311.3%9580.47516
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$19.00Aug 280.410.43$0.424.8%6960.402.9K
$18.50Sep 40.540.69$0.6224.2%2510.34179
$18.50Aug 280.210.30$0.2634.6%2460.272.5K
$18.00Aug 280.130.16$0.1520.0%1750.171.2K
$20.00Sep 41.071.50$1.2933.3%1450.58259

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 14 strikes (avg 13.7%, max 21.8%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$18.50Aug 28Sep 2585.1%71.9%18.4%101152
$20.50Aug 28Oct 294.6%81.4%16.3%7061.4K
$21.00Aug 28Oct 294.5%83.7%12.9%8962.4K
$18.00Aug 28Oct 287.4%77.6%12.7%62154
$19.00Aug 28Oct 282.7%74.3%11.4%2.4K643
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$21.00Aug 28Sep 2594.5%77.6%21.8%29164
$20.50Aug 28Oct 294.6%81.4%16.3%41174
$18.00Aug 28Sep 2587.4%75.3%16.2%1821.3K
$18.50Aug 28Oct 285.1%75.4%12.9%2522.5K
$19.00Aug 28Oct 282.7%74.3%11.4%7343.0K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 76 found (best R:R 4.00, avg 1.72)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$17.50$18.00Sep 4$0.10$0.40$0.1080%4.00$17.60
$16.00$16.50Aug 28$0.21$0.29$0.2188%1.38$16.21
$17.00$17.50Sep 4$0.17$0.33$0.1787%1.94$17.17
$17.50$18.00Aug 28$0.20$0.30$0.2090%1.50$17.70
$17.00$18.00Sep 25$0.53$0.47$0.5377%0.89$17.53
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$22.50$21.50Sep 11$0.66$0.34$0.6677%0.52$21.84
$21.00$20.50Sep 4$0.26$0.24$0.2671%0.92$20.74
$20.00$19.50Sep 4$0.21$0.29$0.2158%1.38$19.79
$22.50$21.50Sep 25$0.64$0.36$0.6472%0.56$21.86
$19.00$18.50Sep 18$0.16$0.34$0.1644%2.13$18.84

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 49 found (best R:R 0.92, avg 0.68)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$22.00$22.50Sep 25$0.29$0.29$0.2166%1.38$22.29
$21.00$21.50Sep 4$0.20$0.20$0.3071%0.67$21.20
$19.50$20.00Sep 25$0.34$0.34$0.1646%2.13$19.84
$19.50$20.00Sep 11$0.31$0.31$0.1950%1.63$19.81
$21.00$21.50Sep 11$0.21$0.21$0.2966%0.72$21.21
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$16.00$15.50Sep 4$0.24$0.24$0.2686%0.92$15.76
$17.00$16.00Oct 2$0.39$0.39$0.6174%0.64$16.61
$19.00$18.50Sep 25$0.37$0.37$0.1358%2.85$18.63
$18.50$17.50Oct 2$0.51$0.51$0.4961%1.04$17.99
$18.00$17.50Sep 18$0.27$0.27$0.2367%1.17$17.73

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $0.36, cheapest $0.26)

CALLS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$20.00Aug 28Sep 4$0.3692.6%80.2%
$19.50Aug 28Sep 4$0.3889.0%78.7%
$19.00Aug 28Sep 4$0.4182.7%75.0%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$20.00Aug 28Sep 4$0.2692.6%80.2%
$19.50Aug 28Sep 4$0.3789.0%78.7%
$19.00Aug 28Sep 4$0.3882.7%75.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 39 found (cheapest 6.20% of stock, avg 13.96%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$19.00Aug 28$0.78$0.42$1.20$17.80$20.206.20%
$19.50Aug 28$0.53$0.71$1.24$18.26$20.746.41%
$18.50Aug 28$1.09$0.26$1.35$17.15$19.856.98%
$20.00Aug 28$0.37$1.03$1.40$18.60$21.407.24%
$20.50Aug 28$0.24$1.40$1.64$18.86$22.148.48%
$18.00Aug 28$1.76$0.15$1.91$16.09$19.919.87%
$19.00Sep 4$1.19$0.80$1.99$17.01$20.9910.28%
$19.50Sep 4$0.91$1.08$1.99$17.51$21.4910.28%
$20.00Sep 4$0.73$1.29$2.02$17.98$22.0210.44%
$17.50Aug 28$1.96$0.08$2.04$15.46$19.5410.54%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 0.93% of stock, avg 8.63%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$21.50$17.50Aug 28$0.10$0.08$0.18$17.32$21.68
$21.00$17.50Aug 28$0.15$0.08$0.23$17.27$21.23
$21.50$18.00Aug 28$0.10$0.15$0.25$17.75$21.75
$21.00$18.00Aug 28$0.15$0.15$0.30$17.70$21.30
$21.50$16.00Aug 28$0.10$0.20$0.30$15.70$21.80
$21.00$16.00Aug 28$0.15$0.20$0.35$15.65$21.35
$20.50$17.50Aug 28$0.24$0.08$0.32$17.18$20.82
$21.50$18.50Aug 28$0.10$0.26$0.36$18.14$21.86
$20.50$18.00Aug 28$0.24$0.15$0.39$17.61$20.89
$21.00$18.50Aug 28$0.15$0.26$0.41$18.09$21.41

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 9 found (best R:R 2.57, avg credit $0.34)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
16/1721/22Sep 11$0.36$0.1447%2.57$16.64$21.36
17/1821/22Sep 4$0.34$0.1650%2.12$17.16$21.34
18/1822/23Sep 11$0.36$0.1446%2.57$17.64$22.86
16/1722/23Sep 11$0.29$0.2158%1.38$16.71$22.79
18/1821/22Sep 4$0.39$0.1137%3.55$18.11$21.39
18/1822/22Sep 18$0.38$0.1234%3.17$17.62$21.88
18/1821/22Sep 4$0.32$0.1844%1.78$17.68$21.32
16/1722/22Sep 18$0.36$0.6449%0.56$16.64$22.36
16/1722/22Sep 18$0.29$0.7145%0.41$16.71$21.79

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 43 found (best R:R 7.33, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$18.50$19.00$19.50Aug 28$0.06$0.4426%7.33
$19.00$19.50$20.00Aug 28$0.09$0.4125%4.56
$18.50$19.00$19.50Sep 4$0.07$0.4316%6.14
$17.00$17.50$18.00Sep 4$0.07$0.4314%6.14
$18.50$19.00$19.50Sep 25$0.07$0.439%6.14
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$20.50$21.00$21.50Aug 28$0.06$0.4414%7.33
$17.50$18.00$18.50Sep 11$0.06$0.4414%7.33
$17.50$18.00$18.50Sep 4$0.07$0.4314%6.14
$20.00$20.50$21.00Sep 25$0.06$0.448%7.33
$18.50$19.00$19.50Aug 28$0.13$0.3726%2.85

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 46 found (best net $-0.83, 45 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$16.00$17.501:2Sep 11-$1.17$0.33
$20.50$21.001:2Aug 28-$0.06$0.44
$20.00$20.501:2Aug 28-$0.11$0.39
$21.00$21.501:2Aug 28-$0.05$0.45
$19.00$19.501:2Aug 28-$0.28$0.22
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$23.00$20.501:2Oct 2-$0.83$1.67
$17.00$16.001:2Oct 2-$0.06$0.94
$19.50$19.001:2Aug 28-$0.13$0.37
$19.00$18.501:2Aug 28-$0.10$0.40
$17.00$16.001:2Sep 18-$0.13$0.87

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 44 found (best yield 5.17%, avg 3.10%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$21.50Sep 25$1.000.3811.1%5.17%16.28%7729
$21.00Oct 2$1.110.428.5%5.74%14.26%1598
$20.00Oct 2$1.310.493.4%6.77%10.13%62136
$22.00Sep 25$0.700.3413.7%3.62%17.31%26100
$23.00Oct 2$0.540.2918.9%2.79%21.65%422
$20.50Oct 2$1.040.455.9%5.37%11.32%214
$21.50Oct 2$0.730.3811.1%3.77%14.88%3527
$22.50Oct 2$0.570.3116.3%2.95%19.22%13
$20.00Sep 25$1.220.493.4%6.30%9.66%7377
$19.50Oct 2$1.430.520.8%7.39%8.17%13474

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 37,882
Total Puts 7,480
Put/Call Ratio 0.20
Net Difference 30,402

Prior's Put/Call Breakdown

Total Calls 47,570
Total Puts 11,384
Put/Call Ratio 0.24
Net Difference 36,186

Prior 7-Day Put/Call Summary

Total Calls 207,112
Total Puts 100,212
Average Put/Call Ratio 0.57
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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Chart Title

Price — Past 7 Days

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