QBTS - Options Database

QBTS

D-WAVE QUANTUM INC

$17.67 -8.71%

(8/25 18:57) ◀

Wednesday, August 26, 2026 (1:00pm)

▶ (8/26 14:00)

◀ 8/26 13:00 ▶

Option Volume

Detail

ℹ

Current (08/26 1:00pm) 35,889

Calls: 24,835 (69%)

Puts: 11,054 (31%)

Prior (08/21) 39,909

Calls: 32,492 (81%)

Puts: 7,417 (19%)

Current vs Prior -10.07%

Calls: -23.57% (Calls)

Puts: +49.04% (Puts)

Prior 7-Day Total 317,070

Calls: 232,868 (73%)

Puts: 84,202 (27%)

Prior 7-Day Average 45,295

Calls: 33,266 (73%)

Puts: 12,028 (27%)

Current vs Prior 7-Day Avg -20.77%

Calls: -25.35%

Puts: -8.10%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (08/26 1:00pm) $4.34M

Calls: $2.34M (54%)

Puts: $2.00M (46%)

Prior (08/21) $2.80M

Calls: $2.18M (78%)

Puts: $614.4K (22%)

Current vs Prior +55.01%

Calls: +7.21%

Puts: +224.83%

Prior 7-Day Total $42.61M

Calls: $29.09M (68%)

Puts: $13.51M (32%)

Prior 7-Day Average $6.09M

Calls: $4.16M (68%)

Puts: $1.93M (32%)

Current vs Prior 7-Day Avg -28.77%

Calls: -43.70%

Puts: +3.37%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (08/26 1:00pm) 0.45

Prior (08/21) 0.23

Current vs Prior +94.99%

Prior 7-Day Average 0.36

Current vs Prior 7-Day Avg +24.59%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (08/26 1:00pm) 590,048

Calls: 339,038 (57%)

Puts: 251,010 (43%)

Prior (08/21) 615,847

Calls: 350,167 (57%)

Puts: 265,680 (43%)

Current vs Prior -4.19%

Prior 7-Day Total 3,770,522

Calls: 2,166,278 (57%)

Puts: 1,604,244 (43%)

Prior 7-Day Average 538,646

Calls: 309,468 (57%)

Puts: 229,177 (43%)

Current vs Prior 7-Day Avg +9.54%

Sentiment BEARISH

Expected Move

Detail

ℹ

WKMO Expiry (08/28) | Next (09/04)Expiry (09/18) | Next (10/16)

Current 6.79% | 10.98%16.41% | 23.15%

Prior 5.67% | 11.54%16.28% | 22.98%

Current vs Prior +19.83% | -4.86%+0.81% | +0.73%

Prior 7-Day Avg 9.99% | 15.37%9.96% | 23.10%

Current vs 7-Day Avg -32.05% | -28.57%+64.79% | +0.21%

Prior 7-Day Eod 5.67% | 11.54%17.36% | 23.88%

Current vs 7-Day Eod +19.83% | -4.86%-5.48% | -3.05%

Sentiment BEARISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 8.42% | 6.20%

Calls: 9.26% | 6.45%

Puts: 7.58% | 5.94%

Prior 16.29% | 7.20%

Calls: 16.67% | 7.56%

Puts: 15.91% | 6.84%

Current vs Prior -48.31% | -13.89%

Prior 7-Day Avg 7.64% | 8.71%

Calls: 7.16% | 7.73%

Puts: 8.12% | 9.68%

Current vs 7-Day Avg +10.19% | -28.79%

Liquidity Pricy

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🤖 AI Insights

Elevated premium activity with dollar volume up 55% vs prior. Extreme bullish P/C ratio of 0.45 - heavy call buying (24,835 calls vs 11,054 puts). P/C ratio rising 95% - increased hedging/bearish positioning.

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
16:00	BULLISH	BULLISH	BULLISH
15:00	BULLISH	BULLISH	BULLISH
14:00	BULLISH	BULLISH	BULLISH
13:00	BULLISH	BULLISH	BULLISH
12:00	BULLISH	BULLISH	BULLISH
11:00	BULLISH	BULLISH	BULLISH
10:00	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 78 of results (avg 7.0%, best 1.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$20.00	Sep 4	0.20	0.21	$0.21	4.8%	259	0.18	4.9K
$17.50	Sep 18	1.38	1.45	$1.42	4.9%	25	0.56	--
$19.00	Sep 4	0.38	0.40	$0.39	5.1%	305	0.30	279
$18.00	Sep 11	0.94	0.99	$0.97	5.2%	84	0.48	51
$20.00	Sep 18	0.56	0.59	$0.57	5.3%	338	0.29	4.7K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$17.50	Sep 18	1.20	1.22	$1.21	1.7%	108	0.44	55
$19.00	Sep 18	2.08	2.14	$2.11	2.8%	11	0.61	1.8K
$18.00	Sep 11	1.22	1.26	$1.24	3.2%	48	0.52	134
$18.00	Sep 18	1.45	1.50	$1.48	3.4%	400	0.50	2.2K
$19.00	Sep 25	2.24	2.34	$2.29	4.4%	2	0.58	61

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 49 found (avg $0.53, cheapest $0.06)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$19.50	Aug 28	0.05	0.06	$0.06	16.7%	507	0.09	973
$19.00	Aug 28	0.09	0.10	$0.10	10.0%	882	0.15	2.5K
$18.50	Aug 28	0.17	0.19	$0.18	11.1%	651	0.26	157
$18.00	Aug 28	0.30	0.33	$0.32	9.4%	1.1K	0.40	125
$17.50	Aug 28	0.51	0.56	$0.54	9.3%	501	0.57	110

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$17.00	Aug 28	0.17	0.18	$0.18	5.6%	512	0.26	556
$17.50	Aug 28	0.35	0.38	$0.37	8.1%	1.1K	0.43	819
$18.00	Aug 28	0.63	0.68	$0.66	7.6%	696	0.60	1.2K
$16.00	Sep 4	0.20	0.21	$0.21	4.8%	118	0.18	123
$16.50	Sep 4	0.32	0.35	$0.34	8.8%	193	0.26	88

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
$14.50	Aug 28	3.00	4.80	$3.90	46.2%	1	1.00	5
$15.00	Aug 28	2.43	2.74	$2.59	12.0%	3	1.00	42
$16.00	Aug 28	1.49	2.28	$1.88	42.0%	7	0.94	31
$15.50	Aug 28	1.94	2.31	$2.13	17.4%	3	0.94	14
$15.00	Sep 11	2.71	4.25	$3.48	44.3%	10	0.88	511

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$21.00	Aug 28	3.25	3.50	$3.38	7.4%	4	0.97	164
$20.50	Aug 28	2.60	3.15	$2.88	19.1%	17	0.96	199
$20.00	Aug 28	2.23	2.48	$2.36	10.6%	29	0.94	971
$19.50	Aug 28	1.83	1.95	$1.89	6.3%	45	0.91	412
$21.00	Sep 4	3.30	3.55	$3.43	7.3%	5	0.90	154

Most actively traded options today. High liquidity = easy entry/exit. 129 active (total vol 16.9K, top 1.1K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$18.00	Aug 28	0.30	0.33	$0.32	9.4%	1.1K	0.40	125
$19.00	Aug 28	0.09	0.10	$0.10	10.0%	882	0.15	2.5K
$20.00	Aug 28	0.03	0.04	$0.04	25.0%	764	0.06	1.7K
$20.00	Sep 11	0.36	0.40	$0.38	10.5%	688	0.24	304
$18.50	Aug 28	0.17	0.19	$0.18	11.1%	651	0.26	157

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$17.50	Aug 28	0.35	0.38	$0.37	8.1%	1.1K	0.43	819
$18.00	Aug 28	0.63	0.68	$0.66	7.6%	696	0.60	1.2K
$17.00	Aug 28	0.17	0.18	$0.18	5.6%	512	0.26	556
$18.00	Sep 18	1.45	1.50	$1.48	3.4%	400	0.50	2.2K
$16.00	Sep 18	0.55	0.58	$0.56	5.4%	340	0.26	3.1K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 10 strikes (avg 11.5%, max 15.6%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$18.50	Aug 28	Oct 2	88.5%	76.6%	15.6%	675	164
$19.00	Aug 28	Oct 2	90.4%	79.7%	13.5%	1.1K	2.5K
$17.00	Aug 28	Oct 2	81.0%	73.8%	9.8%	134	27
$17.50	Aug 28	Oct 2	82.7%	75.8%	9.1%	505	114
$18.00	Aug 28	Oct 2	85.1%	79.4%	7.1%	1.2K	159

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$18.50	Aug 28	Oct 2	88.5%	76.6%	15.6%	350	2.6K
$17.50	Aug 28	Sep 25	82.7%	72.4%	14.2%	1.1K	832
$19.00	Aug 28	Oct 2	90.4%	79.7%	13.5%	172	3.3K
$17.00	Aug 28	Oct 2	81.0%	73.8%	9.8%	519	596
$18.00	Aug 28	Oct 2	85.1%	79.4%	7.1%	698	1.2K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 77 found (best R:R 1.00, avg 1.66)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$15.50	$16.00	Aug 28	$0.25	$0.25	$0.25	94%	1.00	$15.75
$17.00	$17.50	Oct 2	$0.15	$0.35	$0.15	61%	2.33	$17.15
$18.50	$19.00	Oct 2	$0.11	$0.39	$0.11	48%	3.55	$18.61
$19.50	$20.00	Oct 2	$0.10	$0.40	$0.10	39%	4.00	$19.60
$17.50	$18.00	Sep 25	$0.19	$0.31	$0.19	56%	1.63	$17.69

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$20.50	$20.00	Oct 2	$0.12	$0.38	$0.12	67%	3.17	$20.38
$20.50	$20.00	Sep 4	$0.32	$0.18	$0.32	86%	0.56	$20.18
$20.00	$19.50	Sep 25	$0.31	$0.19	$0.31	67%	0.61	$19.69
$19.50	$19.00	Oct 2	$0.28	$0.22	$0.28	60%	0.79	$19.22
$18.00	$17.50	Sep 4	$0.26	$0.24	$0.26	54%	0.92	$17.74

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 44 found (best R:R 0.54, avg 0.54)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$18.00	$18.50	Oct 2	$0.27	$0.27	$0.23	48%	1.17	$18.27
$19.00	$19.50	Oct 2	$0.20	$0.20	$0.30	56%	0.67	$19.20
$18.00	$18.50	Aug 28	$0.14	$0.14	$0.36	60%	0.39	$18.14
$18.00	$18.50	Sep 11	$0.21	$0.21	$0.29	52%	0.72	$18.21
$18.00	$18.50	Sep 4	$0.18	$0.18	$0.32	54%	0.56	$18.18

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$16.00	$15.00	Oct 2	$0.35	$0.35	$0.65	71%	0.54	$15.65
$16.00	$15.50	Sep 11	$0.19	$0.19	$0.31	77%	0.61	$15.81
$16.50	$16.00	Sep 25	$0.21	$0.21	$0.29	67%	0.72	$16.29
$17.50	$17.00	Sep 18	$0.26	$0.26	$0.24	56%	1.08	$17.24
$16.50	$16.00	Sep 18	$0.19	$0.19	$0.31	68%	0.61	$16.31

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $0.38, cheapest $0.35)

CALLS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$18.00	Aug 28	Sep 4	$0.38	85.1%	75.6%
$17.50	Aug 28	Sep 4	$0.39	82.7%	74.6%

PUTS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$18.00	Aug 28	Sep 4	$0.35	85.1%	75.6%
$17.50	Aug 28	Sep 4	$0.38	82.7%	74.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 38 found (cheapest 5.15% of stock, avg 13.90%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$17.50	Aug 28	$0.54	$0.37	$0.91	$16.59	$18.41	5.15%
$18.00	Aug 28	$0.32	$0.66	$0.98	$17.02	$18.98	5.55%
$17.00	Aug 28	$0.84	$0.18	$1.02	$15.98	$18.02	5.77%
$18.50	Aug 28	$0.18	$1.02	$1.20	$17.30	$19.70	6.79%
$16.50	Aug 28	$1.30	$0.07	$1.37	$15.13	$17.87	7.75%
$19.00	Aug 28	$0.10	$1.44	$1.54	$17.46	$20.54	8.72%
$17.50	Sep 4	$0.93	$0.75	$1.68	$15.82	$19.18	9.51%
$17.00	Sep 4	$1.19	$0.52	$1.71	$15.29	$18.71	9.68%
$18.00	Sep 4	$0.70	$1.01	$1.71	$16.29	$19.71	9.68%
$18.50	Sep 4	$0.52	$1.34	$1.86	$16.64	$20.36	10.53%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 140 found (cheapest 0.62% of stock, avg 8.32%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$20.00	$16.50	Aug 28	$0.04	$0.07	$0.11	$16.39	$20.11
$19.50	$16.50	Aug 28	$0.06	$0.07	$0.13	$16.37	$19.63
$19.00	$16.50	Aug 28	$0.10	$0.07	$0.17	$16.33	$19.17
$20.00	$17.00	Aug 28	$0.04	$0.18	$0.22	$16.78	$20.22
$18.50	$16.50	Aug 28	$0.18	$0.07	$0.25	$16.25	$18.75
$19.50	$17.00	Aug 28	$0.06	$0.18	$0.24	$16.76	$19.74
$19.00	$17.00	Aug 28	$0.10	$0.18	$0.28	$16.72	$19.28
$18.50	$17.00	Aug 28	$0.18	$0.18	$0.36	$16.64	$18.86
$20.00	$15.50	Sep 4	$0.21	$0.13	$0.34	$15.16	$20.34
$20.00	$16.00	Sep 4	$0.21	$0.21	$0.42	$15.58	$20.42

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 12 found (best R:R 1.78, avg credit $0.30)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
16/16	19/20	Sep 11	$0.32	$0.18	42%	1.78	$15.68	$19.32
16/16	20/21	Sep 25	$0.32	$0.18	38%	1.78	$16.18	$20.82
16/16	20/20	Sep 18	$0.32	$0.18	34%	1.78	$16.18	$19.82
15/16	20/21	Sep 25	$0.25	$0.25	48%	1.00	$15.25	$20.75
16/16	20/21	Oct 2	$0.32	$0.18	33%	1.78	$16.18	$20.82
15/16	20/20	Sep 18	$0.25	$0.25	45%	1.00	$15.25	$19.75
16/16	20/20	Sep 18	$0.27	$0.23	40%	1.17	$15.73	$19.77
16/16	20/21	Sep 25	$0.25	$0.25	43%	1.00	$15.75	$20.75
16/16	19/20	Sep 11	$0.28	$0.22	36%	1.27	$16.22	$19.28
16/17	19/20	Sep 4	$0.28	$0.22	35%	1.27	$16.72	$19.28

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 38 found (best R:R 5.25, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$17.00	$17.50	$18.00	Aug 28	$0.08	$0.42	34%	5.25
$17.50	$18.00	$18.50	Aug 28	$0.08	$0.42	31%	5.25
$18.00	$18.50	$19.00	Aug 28	$0.06	$0.44	24%	7.33
$17.50	$18.00	$18.50	Sep 4	$0.05	$0.45	18%	9.00
$17.00	$17.50	$18.00	Sep 11	$0.06	$0.44	15%	7.33

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$17.50	$18.00	$18.50	Aug 28	$0.07	$0.43	31%	6.14
$18.00	$18.50	$19.00	Aug 28	$0.06	$0.44	24%	7.33
$16.50	$17.00	$17.50	Aug 28	$0.08	$0.42	30%	5.25
$17.00	$17.50	$18.00	Aug 28	$0.10	$0.40	34%	4.00
$16.50	$17.00	$17.50	Sep 4	$0.05	$0.45	19%	9.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 41 found (best net $-0.08, 40 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$17.50	$18.00	1:2	Aug 28	-$0.10	$0.40
$17.00	$17.50	1:2	Aug 28	-$0.24	$0.26
$16.50	$17.00	1:2	Aug 28	-$0.38	$0.12
$20.50	$21.00	1:2	Sep 4	-$0.07	$0.43
$20.00	$20.50	1:2	Sep 4	-$0.09	$0.41

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$18.00	$17.50	1:2	Aug 28	-$0.08	$0.42
$18.50	$18.00	1:2	Aug 28	-$0.30	$0.20
$16.00	$15.00	1:2	Oct 2	-$0.19	$0.81
$16.50	$16.00	1:2	Sep 4	-$0.08	$0.42
$16.00	$15.50	1:2	Sep 4	-$0.05	$0.45

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 38 found (best yield 6.51%, avg 3.68%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$19.00	Oct 2	$1.15	0.44	7.5%	6.51%	14.04%	178	32
$18.00	Oct 2	$1.56	0.52	1.9%	8.83%	10.70%	24	34
$19.50	Oct 2	$1.01	0.39	10.4%	5.72%	16.07%	254	101
$18.50	Oct 2	$1.32	0.47	4.7%	7.47%	12.17%	24	7
$20.00	Oct 2	$0.86	0.36	13.2%	4.87%	18.05%	3	152
$20.50	Oct 2	$0.74	0.33	16.0%	4.19%	20.20%	2	14
$21.00	Oct 2	$0.70	0.29	18.9%	3.96%	22.81%	9	104
$18.50	Sep 25	$1.15	0.47	4.7%	6.51%	11.21%	19	7
$18.00	Sep 25	$1.35	0.51	1.9%	7.64%	9.51%	55	8
$19.00	Sep 25	$0.97	0.41	7.5%	5.49%	13.02%	376	139

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 24,835

Total Puts 11,054

Put/Call Ratio 0.45

Net Difference 13,781

Prior's Put/Call Breakdown

Total Calls 32,492

Total Puts 7,417

Put/Call Ratio 0.23

Net Difference 25,075

Prior 7-Day Put/Call Summary

Total Calls 232,868

Total Puts 84,202

Average Put/Call Ratio 0.36

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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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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