QBTS - Options Database

QBTS

D-WAVE QUANTUM INC

$17.65 -8.81%

(8/26 13:00) ◀

Wednesday, August 26, 2026 (2:00pm)

▶ (8/26 15:00)

◀ 8/26 14:00 ▶

Option Volume

Detail

ℹ

Current (08/26 2:00pm) 40,659

Calls: 28,425 (70%)

Puts: 12,234 (30%)

Prior (08/21) 44,677

Calls: 36,473 (82%)

Puts: 8,204 (18%)

Current vs Prior -8.99%

Calls: -22.07% (Calls)

Puts: +49.12% (Puts)

Prior 7-Day Total 319,796

Calls: 240,062 (75%)

Puts: 79,734 (25%)

Prior 7-Day Average 45,685

Calls: 34,294 (75%)

Puts: 11,390 (25%)

Current vs Prior 7-Day Avg -11.00%

Calls: -17.12%

Puts: +7.40%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (08/26 2:00pm) $4.74M

Calls: $2.64M (56%)

Puts: $2.10M (44%)

Prior (08/21) $3.25M

Calls: $2.60M (80%)

Puts: $651.1K (20%)

Current vs Prior +45.81%

Calls: +1.63%

Puts: +222.29%

Prior 7-Day Total $38.74M

Calls: $27.96M (72%)

Puts: $10.77M (28%)

Prior 7-Day Average $5.53M

Calls: $3.99M (72%)

Puts: $1.54M (28%)

Current vs Prior 7-Day Avg -14.31%

Calls: -33.82%

Puts: +36.34%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (08/26 2:00pm) 0.43

Prior (08/21) 0.22

Current vs Prior +91.34%

Prior 7-Day Average 0.34

Current vs Prior 7-Day Avg +28.34%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (08/26 2:00pm) 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 3,868,707

Calls: 2,210,030 (57%)

Puts: 1,658,677 (43%)

Prior 7-Day Average 552,672

Calls: 315,718 (57%)

Puts: 236,953 (43%)

Current vs Prior 7-Day Avg +6.76%

Sentiment BEARISH

Expected Move

Detail

ℹ

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

Current 6.63% | 11.10%16.54% | 23.34%

Prior 10.00% | 13.19%2.21% | 19.86%

Current vs Prior -33.74% | -15.83%+649.61% | +17.52%

Prior 7-Day Avg 9.54% | 14.83%15.15% | 25.36%

Current vs 7-Day Avg -30.53% | -25.11%+9.22% | -7.96%

Prior 7-Day Eod 10.00% | 13.19%17.36% | 23.88%

Current vs 7-Day Eod -33.74% | -15.83%-4.72% | -2.23%

Sentiment BULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 8.46% | 5.71%

Calls: 7.69% | 7.53%

Puts: 9.23% | 3.88%

Prior 16.10% | 49.75%

Calls: 10.09% | 24.32%

Puts: 22.11% | 75.19%

Current vs Prior -47.45% | -88.52%

Prior 7-Day Avg 9.34% | 13.97%

Calls: 8.03% | 9.23%

Puts: 10.64% | 18.72%

Current vs 7-Day Avg -9.38% | -59.14%

Liquidity Pricy

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🤖 AI Insights

Extreme bullish P/C ratio of 0.43 - heavy call buying (28,425 calls vs 12,234 puts). P/C ratio rising 91% - 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
14:00	BULLISH	BULLISH	BULLISH
13:00	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 67 of results (avg 6.9%, best 2.8%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$20.00	Sep 4	0.20	0.21	$0.21	4.8%	281	0.18	4.9K
$19.00	Sep 18	0.81	0.85	$0.83	4.8%	141	0.39	930
$18.00	Sep 18	1.16	1.22	$1.19	5.0%	570	0.50	1.1K
$20.00	Sep 11	0.37	0.39	$0.38	5.3%	716	0.25	304
$17.00	Aug 28	0.80	0.85	$0.83	6.0%	143	0.74	26

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$19.00	Sep 18	2.10	2.16	$2.13	2.8%	19	0.61	1.8K
$15.00	Sep 18	0.30	0.31	$0.31	3.2%	161	0.16	1.3K
$17.50	Sep 18	1.20	1.24	$1.22	3.3%	134	0.44	55
$18.00	Sep 4	1.01	1.05	$1.03	3.9%	102	0.54	485
$18.50	Sep 18	1.75	1.82	$1.79	3.9%	17	0.55	60

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 49 found (avg $0.53, cheapest $0.07)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$19.00	Aug 28	0.09	0.10	$0.10	10.0%	947	0.15	2.5K
$18.50	Aug 28	0.16	0.18	$0.17	11.8%	1.6K	0.25	157
$18.00	Aug 28	0.29	0.33	$0.31	12.9%	1.3K	0.39	125
$17.50	Aug 28	0.50	0.54	$0.52	7.7%	588	0.56	110
$21.00	Sep 4	0.11	0.12	$0.12	8.3%	169	0.11	742

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$16.50	Aug 28	0.06	0.07	$0.07	14.3%	17	0.12	49
$17.00	Aug 28	0.17	0.18	$0.18	5.6%	626	0.26	556
$17.50	Aug 28	0.36	0.38	$0.37	5.4%	1.2K	0.43	819
$15.00	Sep 4	0.06	0.07	$0.07	14.3%	113	0.07	230
$18.00	Aug 28	0.62	0.68	$0.65	9.2%	716	0.61	1.2K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 68 found (avg delta 0.71, 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	2.75	$2.59	12.4%	8	1.00	42
$15.50	Aug 28	1.94	2.30	$2.12	17.0%	8	1.00	14
$16.00	Aug 28	1.49	2.28	$1.88	42.0%	7	0.94	31
$15.00	Sep 4	2.60	2.90	$2.75	10.9%	6	0.93	2

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$21.00	Aug 28	3.20	3.50	$3.35	9.0%	5	0.97	164
$20.50	Aug 28	2.60	3.05	$2.83	15.9%	18	0.96	199
$20.00	Aug 28	2.29	2.46	$2.38	7.1%	30	0.94	971
$19.50	Aug 28	1.71	1.96	$1.84	13.6%	47	0.91	412
$21.00	Sep 4	3.25	3.60	$3.43	10.2%	5	0.88	154

Most actively traded options today. High liquidity = easy entry/exit. 135 active (total vol 20.0K, top 1.6K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$18.50	Aug 28	0.16	0.18	$0.17	11.8%	1.6K	0.25	157
$18.00	Aug 28	0.29	0.33	$0.31	12.9%	1.3K	0.39	125
$19.00	Aug 28	0.09	0.10	$0.10	10.0%	947	0.15	2.5K
$20.00	Aug 28	0.03	0.04	$0.04	25.0%	780	0.06	1.7K
$20.00	Sep 11	0.37	0.39	$0.38	5.3%	716	0.25	304

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$17.50	Aug 28	0.36	0.38	$0.37	5.4%	1.2K	0.43	819
$18.00	Aug 28	0.62	0.68	$0.65	9.2%	716	0.61	1.2K
$17.00	Aug 28	0.17	0.18	$0.18	5.6%	626	0.26	556
$18.00	Sep 18	1.46	1.52	$1.49	4.0%	404	0.50	2.2K
$16.00	Sep 18	0.56	0.60	$0.58	6.9%	374	0.27	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 10.8%, max 15.5%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$19.00	Aug 28	Oct 2	92.3%	79.9%	15.5%	1.1K	2.5K
$17.00	Aug 28	Oct 2	80.7%	73.3%	10.0%	144	27
$17.50	Aug 28	Oct 2	82.8%	75.7%	9.4%	594	114
$18.50	Aug 28	Oct 2	88.2%	80.8%	9.2%	1.7K	164
$18.00	Aug 28	Oct 2	86.5%	79.3%	9.1%	1.4K	159

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$19.00	Aug 28	Oct 2	92.3%	79.9%	15.5%	192	3.3K
$17.50	Aug 28	Sep 25	82.8%	75.0%	10.5%	1.2K	832
$17.00	Aug 28	Oct 2	80.7%	73.3%	10.0%	633	596
$18.50	Aug 28	Oct 2	88.2%	80.8%	9.2%	384	2.6K
$18.00	Aug 28	Oct 2	86.5%	79.3%	9.1%	718	1.2K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 74 found (best R:R 2.33, avg 1.73)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$15.00	$16.00	Sep 4	$0.30	$0.70	$0.30	93%	2.33	$15.30
$15.50	$16.00	Aug 28	$0.24	$0.26	$0.24	100%	1.08	$15.74
$17.00	$17.50	Sep 25	$0.17	$0.33	$0.17	63%	1.94	$17.17
$18.00	$18.50	Sep 18	$0.11	$0.39	$0.11	50%	3.55	$18.11
$17.00	$17.50	Oct 2	$0.17	$0.33	$0.17	61%	1.94	$17.17

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$20.50	$20.00	Sep 11	$0.12	$0.38	$0.12	80%	3.17	$20.38
$20.50	$20.00	Oct 2	$0.15	$0.35	$0.15	67%	2.33	$20.35
$17.00	$16.50	Sep 4	$0.11	$0.39	$0.11	35%	3.55	$16.89
$18.50	$18.00	Sep 25	$0.24	$0.26	$0.24	54%	1.08	$18.26
$19.00	$18.50	Sep 25	$0.27	$0.23	$0.27	58%	0.85	$18.73

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 43 found (best R:R 0.92, avg 0.54)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$18.50	$19.00	Sep 18	$0.25	$0.25	$0.25	55%	1.00	$18.75
$19.50	$20.00	Sep 18	$0.17	$0.17	$0.33	65%	0.52	$19.67
$18.00	$18.50	Aug 28	$0.14	$0.14	$0.36	61%	0.39	$18.14
$20.50	$21.00	Sep 25	$0.13	$0.13	$0.37	70%	0.35	$20.63
$18.50	$19.00	Sep 4	$0.15	$0.15	$0.35	62%	0.43	$18.65

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$16.00	$15.50	Sep 25	$0.24	$0.24	$0.26	72%	0.92	$15.76
$16.50	$16.00	Sep 4	$0.20	$0.20	$0.30	72%	0.67	$16.30
$17.50	$17.00	Sep 25	$0.26	$0.26	$0.24	57%	1.08	$17.24
$16.50	$16.00	Sep 25	$0.20	$0.20	$0.30	67%	0.67	$16.30
$17.00	$16.50	Oct 2	$0.23	$0.23	$0.27	61%	0.85	$16.77

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $0.40, cheapest $0.38)

CALLS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$18.00	Aug 28	Sep 4	$0.41	86.5%	78.0%
$17.50	Aug 28	Sep 4	$0.41	82.8%	74.8%

PUTS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$18.00	Aug 28	Sep 4	$0.38	86.5%	78.0%
$17.50	Aug 28	Sep 4	$0.38	82.8%	74.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 38 found (cheapest 5.04% of stock, avg 13.93%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$17.50	Aug 28	$0.52	$0.37	$0.89	$16.61	$18.39	5.04%
$18.00	Aug 28	$0.31	$0.65	$0.96	$17.04	$18.96	5.44%
$17.00	Aug 28	$0.83	$0.18	$1.01	$15.99	$18.01	5.72%
$18.50	Aug 28	$0.17	$1.00	$1.17	$17.33	$19.67	6.63%
$16.50	Aug 28	$1.22	$0.07	$1.29	$15.21	$17.79	7.31%
$19.00	Aug 28	$0.10	$1.45	$1.55	$17.45	$20.55	8.78%
$17.50	Sep 4	$0.93	$0.75	$1.68	$15.82	$19.18	9.52%
$17.00	Sep 4	$1.21	$0.53	$1.74	$15.26	$18.74	9.86%
$18.00	Sep 4	$0.72	$1.03	$1.75	$16.25	$19.75	9.92%
$16.00	Aug 28	$1.88	$0.02	$1.90	$14.10	$17.90	10.76%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 140 found (cheapest 0.62% of stock, avg 8.40%)

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	$0.05	$0.07	$0.12	$16.38	$19.62
$19.00	$16.50	Aug 28	$0.10	$0.07	$0.17	$16.33	$19.17
$18.50	$16.50	Aug 28	$0.17	$0.07	$0.24	$16.26	$18.74
$20.00	$17.00	Aug 28	$0.04	$0.18	$0.22	$16.78	$20.22
$19.50	$17.00	Aug 28	$0.05	$0.18	$0.23	$16.77	$19.73
$19.00	$17.00	Aug 28	$0.10	$0.18	$0.28	$16.72	$19.28
$18.50	$17.00	Aug 28	$0.17	$0.18	$0.35	$16.65	$18.85
$20.00	$15.50	Sep 4	$0.21	$0.13	$0.34	$15.16	$20.34
$20.00	$16.00	Sep 4	$0.21	$0.22	$0.43	$15.57	$20.43

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 9 found (best R:R 2.85, avg credit $0.33)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
16/16	20/21	Sep 25	$0.37	$0.13	42%	2.85	$15.63	$20.87
15/16	20/20	Sep 18	$0.30	$0.20	44%	1.50	$15.20	$19.80
16/16	20/20	Sep 18	$0.35	$0.15	33%	2.33	$16.15	$19.85
16/16	20/21	Sep 25	$0.33	$0.17	37%	1.94	$16.17	$20.83
14/15	20/20	Sep 18	$0.27	$0.23	49%	1.17	$14.73	$19.77
16/16	19/20	Sep 4	$0.30	$0.20	42%	1.50	$16.20	$19.30
16/16	20/20	Sep 18	$0.31	$0.19	39%	1.63	$15.69	$19.81
16/16	20/21	Oct 2	$0.32	$0.18	34%	1.78	$16.18	$20.82
15/16	20/21	Oct 2	$0.39	$0.61	38%	0.64	$15.61	$20.89

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 43 found (best R:R 6.14, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$17.50	$18.00	$18.50	Aug 28	$0.07	$0.43	32%	6.14
$16.50	$17.00	$17.50	Aug 28	$0.08	$0.42	31%	5.25
$17.00	$17.50	$18.00	Aug 28	$0.10	$0.40	35%	4.00
$18.00	$18.50	$19.00	Aug 28	$0.07	$0.43	24%	6.14
$18.50	$19.00	$19.50	Sep 4	$0.05	$0.45	14%	9.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$17.50	$18.00	$18.50	Aug 28	$0.07	$0.43	32%	6.14
$17.00	$17.50	$18.00	Aug 28	$0.09	$0.41	35%	4.56
$16.50	$17.00	$17.50	Aug 28	$0.08	$0.42	31%	5.25
$16.00	$16.50	$17.00	Aug 28	$0.06	$0.44	21%	7.33
$17.50	$18.00	$18.50	Sep 4	$0.05	$0.45	18%	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. 38 found (best net $-0.04, 38 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$15.00	$17.00	1:2	Sep 11	-$0.04	$1.96
$17.50	$18.00	1:2	Aug 28	-$0.10	$0.40
$17.00	$17.50	1:2	Aug 28	-$0.21	$0.29
$16.50	$17.00	1:2	Aug 28	-$0.44	$0.06
$20.50	$21.00	1:2	Sep 4	-$0.08	$0.42

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$18.00	$17.50	1:2	Aug 28	-$0.09	$0.41
$18.50	$18.00	1:2	Aug 28	-$0.30	$0.20
$15.50	$15.00	1:2	Sep 11	-$0.11	$0.39
$15.00	$14.50	1:2	Sep 18	-$0.11	$0.39
$16.00	$15.50	1:2	Sep 11	-$0.16	$0.34

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 38 found (best yield 6.80%, avg 3.67%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$19.00	Oct 2	$1.20	0.44	7.7%	6.80%	14.45%	198	32
$18.00	Oct 2	$1.56	0.52	2.0%	8.84%	10.82%	29	34
$19.50	Oct 2	$1.00	0.39	10.5%	5.67%	16.15%	259	101
$18.50	Oct 2	$1.30	0.48	4.8%	7.37%	12.18%	29	7
$20.00	Oct 2	$0.86	0.35	13.3%	4.87%	18.19%	4	152
$20.50	Oct 2	$0.76	0.32	16.1%	4.31%	20.45%	10	14
$21.00	Oct 2	$0.63	0.29	19.0%	3.57%	22.55%	10	104
$19.00	Sep 25	$0.98	0.43	7.7%	5.55%	13.20%	386	139
$18.50	Sep 25	$1.15	0.47	4.8%	6.52%	11.33%	19	7
$19.50	Sep 25	$0.83	0.38	10.5%	4.70%	15.18%	7	41

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 28,425

Total Puts 12,234

Put/Call Ratio 0.43

Net Difference 16,191

Prior's Put/Call Breakdown

Total Calls 36,473

Total Puts 8,204

Put/Call Ratio 0.22

Net Difference 28,269

Prior 7-Day Put/Call Summary

Total Calls 240,062

Total Puts 79,734

Average Put/Call Ratio 0.34

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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📈 Options Analysis

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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