Tour v526
QBTS
D-WAVE QUANTUM INC
$17.90 +2.23%
8/27 18:55

Option Volume

Detail
Current (08/27) 66,089
Calls: 40,296 (61%)
Puts: 25,793 (39%)
Prior (08/26) 60,188
Calls: 42,166 (70%)
Puts: 18,022 (30%)
Current vs Prior +9.80%
Calls: -4.43% (Calls)
Puts: +43.12% (Puts)
Prior 7-Day Total 316,892
Calls: 211,646 (67%)
Puts: 105,246 (33%)
Prior 7-Day Average 45,270
Calls: 30,235 (67%)
Puts: 15,035 (33%)
Current vs Prior 7-Day Avg +45.99%
Calls: +33.28%
Puts: +71.55%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/27) $7.70M
Calls: $3.42M (44%)
Puts: $4.29M (56%)
Prior (08/26) $6.41M
Calls: $3.54M (55%)
Puts: $2.87M (45%)
Current vs Prior +20.14%
Calls: -3.51%
Puts: +49.31%
Prior 7-Day Total $61.83M
Calls: $45.86M (74%)
Puts: $15.98M (26%)
Prior 7-Day Average $8.83M
Calls: $6.55M (74%)
Puts: $2.28M (26%)
Current vs Prior 7-Day Avg -12.82%
Calls: -47.86%
Puts: +87.75%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (08/27) 0.64
Prior (08/26) 0.43
Current vs Prior +49.76%
Prior 7-Day Average 0.58
Current vs Prior 7-Day Avg +9.87%
Sentiment BULLISH

Open Interest

Detail
Current (08/27) 429,089
Calls: 288,616 (67%)
Puts: 140,473 (33%)
Prior (08/26) 452,532
Calls: 277,802 (61%)
Puts: 174,730 (39%)
Current vs Prior -5.18%
Prior 7-Day Total 2,978,358
Calls: 1,842,793 (62%)
Puts: 1,135,565 (38%)
Prior 7-Day Average 425,479
Calls: 263,256 (62%)
Puts: 162,223 (38%)
Current vs Prior 7-Day Avg +0.85%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/28) | Next (09/04)Expiry (09/18) | Next (10/16)
Current 4.97% | 10.11%16.03% | 22.74%
Prior 6.80% | 11.08%16.62% | 22.73%
Current vs Prior -26.84% | -8.73%-3.52% | +0.03%
Prior 7-Day Avg 7.53% | 11.71%9.20% | 19.92%
Current vs 7-Day Avg -33.95% | -13.64%+74.33% | +14.14%
Prior 7-Day Eod 6.80% | 11.08%16.62% | 22.73%
Current vs 7-Day Eod -26.84% | -8.73%-3.52% | +0.03%
Sentiment BULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 8.07% | 12.60%
Calls: 6.67% | 14.29%
Puts: 9.46% | 10.91%
Prior 8.07% | 12.60%
Calls: 6.67% | 14.29%
Puts: 9.46% | 10.91%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 15.06% | 20.13%
Calls: 13.36% | 13.31%
Puts: 16.76% | 26.95%
Current vs 7-Day Avg -46.42% | -37.40%
Liquidity Expensive
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🤖 AI Insights

Bullish P/C ratio of 0.64. P/C ratio rising 50% - increased hedging/bearish positioning. Call-heavy open interest (288,616 calls vs 140,473 puts) suggests bullish positioning.

Smart Money BEARISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
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 1 of results (avg 9.1%, best 9.1%)

CALLS (0)
No calls meet the criteria
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$15.00Sep 250.310.34$0.339.1%10.16110

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 6 found (avg $0.52, cheapest $0.11)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$18.50Aug 280.100.12$0.1118.2%2.2K0.243.0K
$19.00Sep 40.340.41$0.3818.4%5730.32565
$18.00Sep 40.670.82$0.7520.0%2.2K0.52455
$20.00Sep 180.570.69$0.6319.0%2730.324.9K
$19.00Sep 180.800.97$0.8919.1%1360.42985
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$15.00Sep 250.310.34$0.339.1%10.16110

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 57 found (avg delta 0.73, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$15.00Aug 281.784.30$3.0482.9%40.98--
$16.00Aug 281.622.73$2.1751.2%190.9737
$15.00Sep 42.554.25$3.4050.0%20.95--
$15.50Aug 281.613.50$2.5673.8%50.9516
$16.50Aug 280.652.02$1.34102.2%50.9226
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$21.00Aug 282.493.85$3.1742.9%121.00130
$20.00Aug 281.652.62$2.1345.5%490.97922
$20.50Aug 282.272.78$2.5320.2%170.97182
$19.50Aug 281.211.73$1.4735.4%1140.96389
$19.00Aug 280.711.23$0.9753.6%1110.913.1K

Most actively traded options today. High liquidity = easy entry/exit. 142 active (total vol 27.7K, top 4.6K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$20.00Aug 280.010.03$0.02100.0%4.6K0.042.1K
$18.50Aug 280.100.12$0.1118.2%2.2K0.243.0K
$18.00Sep 40.670.82$0.7520.0%2.2K0.52455
$18.00Aug 280.230.30$0.2725.9%1.3K0.471.7K
$20.00Sep 40.170.23$0.2030.0%1.0K0.194.9K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$16.50Sep 110.320.59$0.4560.0%9950.271.1K
$15.00Sep 110.000.17$0.09188.9%9930.081.1K
$17.00Sep 40.260.37$0.3234.4%5860.27390
$18.50Aug 280.590.77$0.6826.5%5730.772.5K
$17.50Aug 280.070.16$0.1275.0%4190.261.4K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 6 strikes (avg 16.6%, max 19.4%)

CALLS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$17.50Aug 28Oct 278.9%66.1%19.4%477587
$18.50Aug 28Oct 286.7%74.5%16.3%2.5K3.1K
$18.00Aug 28Oct 282.6%72.5%14.0%1.4K1.8K
PUTS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$17.50Aug 28Oct 278.9%66.1%19.4%4281.4K
$18.50Aug 28Oct 286.7%74.5%16.3%5742.6K
$18.00Aug 28Oct 282.6%72.5%14.0%3471.6K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 60 found (best R:R 3.29, avg 1.62)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$19.50$21.00Oct 9$0.35$1.15$0.3546%3.29$19.85
$16.00$17.50Sep 11$0.98$0.52$0.9883%0.53$16.98
$16.50$17.00Sep 18$0.22$0.28$0.2273%1.27$16.72
$18.50$19.00Oct 2$0.11$0.39$0.1150%3.55$18.61
$17.00$17.50Aug 28$0.29$0.21$0.2990%0.72$17.29
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$21.00$20.00Sep 18$0.55$0.45$0.5582%0.82$20.45
$19.50$19.00Sep 18$0.14$0.36$0.1466%2.57$19.36
$19.00$18.50Aug 28$0.29$0.21$0.2991%0.72$18.71
$18.50$18.00Sep 18$0.11$0.39$0.1154%3.55$18.39
$18.50$18.00Oct 2$0.11$0.39$0.1150%3.55$18.39

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 37 found (best R:R 1.78, avg 0.70)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$19.00$19.50Sep 11$0.30$0.30$0.2061%1.50$19.30
$19.00$19.50Sep 25$0.31$0.31$0.1956%1.63$19.31
$20.50$21.00Sep 25$0.24$0.24$0.2668%0.92$20.74
$20.50$21.00Sep 18$0.22$0.22$0.2871%0.79$20.72
$20.00$20.50Sep 11$0.20$0.20$0.3071%0.67$20.20
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$17.50$17.00Sep 25$0.32$0.32$0.1859%1.78$17.18
$16.00$15.50Sep 25$0.24$0.24$0.2674%0.92$15.76
$17.50$17.00Sep 18$0.30$0.30$0.2060%1.50$17.20
$16.50$16.00Oct 2$0.25$0.25$0.2569%1.00$16.25
$15.50$15.00Sep 4$0.13$0.13$0.3787%0.35$15.37

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.46, cheapest $0.44)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$18.00Aug 28Sep 4$0.4882.6%72.4%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$18.00Aug 28Sep 4$0.4482.6%72.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 35 found (cheapest 3.35% of stock, avg 12.38%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$18.00Aug 28$0.27$0.33$0.60$17.40$18.603.35%
$17.50Aug 28$0.56$0.12$0.68$16.82$18.183.80%
$18.50Aug 28$0.11$0.68$0.79$17.71$19.294.41%
$17.00Aug 28$0.85$0.04$0.89$16.11$17.894.97%
$19.00Aug 28$0.05$0.97$1.02$17.98$20.025.70%
$16.50Aug 28$1.34$0.05$1.39$15.11$17.897.77%
$19.50Aug 28$0.03$1.47$1.50$18.00$21.008.38%
$18.00Sep 4$0.75$0.77$1.52$16.48$19.528.49%
$17.50Sep 4$1.04$0.51$1.55$15.95$19.058.66%
$18.50Sep 4$0.53$1.03$1.56$16.94$20.068.72%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 148 found (cheapest 0.39% of stock, avg 7.35%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$19.50$15.50Aug 28$0.03$0.04$0.07$15.43$19.57
$19.50$17.00Aug 28$0.03$0.04$0.07$16.93$19.57
$19.50$16.50Aug 28$0.03$0.05$0.08$16.42$19.58
$19.00$17.00Aug 28$0.05$0.04$0.09$16.91$19.09
$19.00$15.50Aug 28$0.05$0.04$0.09$15.41$19.09
$19.00$16.50Aug 28$0.05$0.05$0.10$16.40$19.10
$18.50$17.00Aug 28$0.11$0.04$0.15$16.85$18.65
$19.50$14.50Aug 28$0.03$0.14$0.17$14.33$19.67
$18.50$15.50Aug 28$0.11$0.04$0.15$15.35$18.65
$19.50$17.50Aug 28$0.03$0.12$0.15$17.35$19.65

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 9 found (best R:R 2.33, avg credit $0.31)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
14/1520/21Sep 18$0.35$0.1557%2.33$14.65$20.85
16/1620/21Sep 11$0.34$0.1651%2.13$16.16$20.84
16/1620/20Sep 11$0.33$0.1753%1.94$15.67$20.33
15/1620/21Sep 25$0.35$0.1548%2.33$15.15$20.85
16/1620/21Sep 11$0.27$0.2360%1.17$15.73$20.77
16/1720/20Sep 11$0.37$0.1337%2.85$16.63$20.37
16/1720/21Sep 11$0.31$0.1944%1.63$16.69$20.81
15/1619/20Sep 4$0.24$0.2655%0.92$15.26$19.24
16/1719/20Sep 4$0.24$0.2641%0.92$16.76$19.24

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 47 found (best R:R 2.85, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$17.50$18.00$18.50Aug 28$0.13$0.3750%2.85
$18.00$18.50$19.00Aug 28$0.10$0.4036%4.00
$17.50$18.00$18.50Sep 4$0.07$0.4321%6.14
$18.00$18.50$19.00Sep 4$0.07$0.4320%6.14
$17.50$18.00$18.50Sep 11$0.06$0.4415%7.33
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$17.50$18.00$18.50Aug 28$0.14$0.3650%2.57
$17.00$17.50$18.00Aug 28$0.13$0.3742%2.85
$16.50$17.00$17.50Sep 4$0.06$0.4420%7.33
$17.00$17.50$18.00Sep 4$0.07$0.4322%6.14
$15.50$16.00$16.50Sep 11$0.07$0.4316%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. 49 found (best net $-0.24, 45 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$16.00$17.501:2Sep 11-$0.24$1.26
$15.00$16.001:2Sep 4-$0.66$0.34
$17.00$17.501:2Aug 28-$0.27$0.23
$16.50$17.001:2Aug 28-$0.36$0.14
$20.00$20.501:2Sep 4-$0.06$0.44
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$20.00$18.501:2Oct 2-$0.39$1.11
$19.00$18.501:2Aug 28-$0.39$0.11
$17.00$16.501:2Sep 4-$0.06$0.44
$17.50$17.001:2Sep 4-$0.13$0.37
$19.50$19.001:2Aug 28-$0.47$0.03

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 38 found (best yield 3.41%, avg 3.31%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$21.00Oct 9$0.610.3617.3%3.41%20.73%1--
$19.00Oct 9$1.140.506.2%6.37%12.51%10--
$19.50Oct 9$0.930.468.9%5.20%14.13%1--
$18.50Oct 2$1.360.503.4%7.60%10.95%29028
$18.00Oct 2$1.530.550.6%8.55%9.11%2068
$21.00Oct 2$0.650.3017.3%3.63%20.95%4106
$20.50Oct 2$0.660.3514.5%3.69%18.21%1--
$19.00Oct 2$1.040.466.2%5.81%11.96%13142
$19.50Oct 2$0.840.418.9%4.69%13.63%241150
$20.00Oct 2$0.720.3611.7%4.02%15.75%5--

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 40,296
Total Puts 25,793
Put/Call Ratio 0.64
Net Difference 14,503

Prior's Put/Call Breakdown

Total Calls 42,166
Total Puts 18,022
Put/Call Ratio 0.43
Net Difference 24,144

Prior 7-Day Put/Call Summary

Total Calls 211,646
Total Puts 105,246
Average Put/Call Ratio 0.58
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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