QBTS - Options Database

QBTS

D-WAVE QUANTUM INC

$17.74 -8.35%

(8/26 14:00) ◀

Wednesday, August 26, 2026 (3:00pm)

▶ (8/26 16:00)

◀ 8/26 15:00 ▶

Option Volume

Detail

ℹ

Current (08/26 3:00pm) 52,070

Calls: 37,390 (72%)

Puts: 14,680 (28%)

Prior (08/21) 49,599

Calls: 39,949 (81%)

Puts: 9,650 (19%)

Current vs Prior +4.98%

Calls: -6.41% (Calls)

Puts: +52.12% (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 +13.98%

Calls: +9.03%

Puts: +28.88%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (08/26 3:00pm) $5.78M

Calls: $3.29M (57%)

Puts: $2.49M (43%)

Prior (08/21) $3.61M

Calls: $2.86M (79%)

Puts: $749.3K (21%)

Current vs Prior +60.26%

Calls: +15.05%

Puts: +232.59%

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 +4.43%

Calls: -17.72%

Puts: +61.93%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (08/26 3:00pm) 0.39

Prior (08/21) 0.24

Current vs Prior +62.54%

Prior 7-Day Average 0.34

Current vs Prior 7-Day Avg +17.07%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (08/26 3:00pm) 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 6.60% | 10.99%16.23% | 23.00%

Prior 10.00% | 13.19%2.21% | 19.86%

Current vs Prior -34.08% | -16.68%+635.59% | +15.79%

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

Current vs 7-Day Avg -30.88% | -25.87%+7.18% | -9.31%

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

Current vs 7-Day Eod -34.08% | -16.68%-6.51% | -3.67%

Sentiment BULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 13.70% | 7.66%

Calls: 14.29% | 6.32%

Puts: 13.11% | 9.00%

Prior 16.10% | 49.75%

Calls: 10.09% | 24.32%

Puts: 22.11% | 75.19%

Current vs Prior -14.91% | -84.60%

Prior 7-Day Avg 9.34% | 13.97%

Calls: 8.03% | 9.23%

Puts: 10.64% | 18.72%

Current vs 7-Day Avg +46.75% | -45.19%

Liquidity Expensive

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🤖 AI Insights

Elevated premium activity with dollar volume up 60% vs prior. Extreme bullish P/C ratio of 0.39 - heavy call buying (37,390 calls vs 14,680 puts). P/C ratio rising 63% - 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
15:00	BULLISH	BULLISH	BULLISH
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 48 of results (avg 7.2%, best 2.8%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$17.50	Sep 18	1.40	1.47	$1.44	4.9%	1.2K	0.57	--
$18.00	Sep 18	1.18	1.25	$1.21	5.8%	634	0.51	1.1K
$18.00	Aug 28	0.33	0.35	$0.34	5.9%	1.7K	0.42	125
$17.50	Sep 4	0.92	0.98	$0.95	6.3%	166	0.56	27
$17.00	Sep 4	1.20	1.28	$1.24	6.5%	31	0.66	28

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$18.00	Sep 18	1.42	1.46	$1.44	2.8%	423	0.49	2.2K
$18.50	Sep 18	1.71	1.76	$1.74	2.9%	17	0.54	60
$17.00	Sep 18	0.91	0.95	$0.93	4.3%	273	0.37	1.8K
$19.00	Sep 18	2.01	2.10	$2.05	4.4%	29	0.60	1.8K
$17.00	Sep 25	1.07	1.12	$1.10	4.5%	141	0.38	143

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 44 found (avg $0.57, 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%	539	0.10	973
$18.50	Aug 28	0.17	0.19	$0.18	11.1%	3.9K	0.27	157
$18.00	Aug 28	0.33	0.35	$0.34	5.9%	1.7K	0.42	125
$17.50	Aug 28	0.52	0.60	$0.56	14.3%	621	0.59	110
$21.00	Sep 4	0.10	0.12	$0.11	18.2%	179	0.11	742

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$17.00	Aug 28	0.14	0.16	$0.15	13.3%	716	0.23	556
$17.50	Aug 28	0.32	0.35	$0.34	8.8%	1.3K	0.41	819
$18.00	Aug 28	0.57	0.65	$0.61	13.1%	727	0.58	1.2K
$18.50	Aug 28	0.92	1.02	$0.97	10.3%	401	0.73	2.6K
$17.00	Sep 4	0.46	0.53	$0.50	14.0%	244	0.34	241

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	2.98	3.70	$3.34	21.6%	3	1.00	5
$15.00	Aug 28	2.43	2.81	$2.62	14.5%	8	1.00	42
$15.50	Aug 28	1.94	2.32	$2.13	17.8%	8	1.00	14
$16.00	Aug 28	1.49	1.99	$1.74	28.7%	7	0.94	31
$15.00	Sep 4	2.51	2.95	$2.73	16.1%	17	0.92	2

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$21.00	Aug 28	3.20	3.60	$3.40	11.8%	5	0.97	164
$20.00	Aug 28	2.24	2.58	$2.41	14.1%	30	0.93	971
$20.50	Aug 28	2.72	3.05	$2.89	11.4%	19	0.93	199
$19.50	Aug 28	1.73	1.92	$1.83	10.4%	53	0.90	412
$21.00	Sep 4	3.25	3.65	$3.45	11.6%	7	0.89	154

Most actively traded options today. High liquidity = easy entry/exit. 139 active (total vol 27.8K, top 3.9K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$18.50	Aug 28	0.17	0.19	$0.18	11.1%	3.9K	0.27	157
$20.00	Sep 18	0.55	0.60	$0.57	8.8%	2.4K	0.30	4.7K
$18.00	Aug 28	0.33	0.35	$0.34	5.9%	1.7K	0.42	125
$19.00	Aug 28	0.09	0.11	$0.10	20.0%	1.2K	0.16	2.5K
$17.50	Sep 18	1.40	1.47	$1.44	4.9%	1.2K	0.57	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$17.50	Aug 28	0.32	0.35	$0.34	8.8%	1.3K	0.41	819
$18.00	Aug 28	0.57	0.65	$0.61	13.1%	727	0.58	1.2K
$17.00	Aug 28	0.14	0.16	$0.15	13.3%	716	0.23	556
$16.00	Sep 18	0.53	0.57	$0.55	7.3%	428	0.26	3.1K
$18.00	Sep 18	1.42	1.46	$1.44	2.8%	423	0.49	2.2K

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 11.7%, max 16.1%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$19.00	Aug 28	Oct 2	91.1%	78.5%	16.1%	1.4K	2.5K
$18.50	Aug 28	Oct 2	86.9%	77.0%	12.9%	3.9K	164
$17.50	Aug 28	Oct 2	83.0%	75.0%	10.6%	627	114
$17.00	Aug 28	Oct 2	80.0%	73.2%	9.2%	176	27
$18.00	Aug 28	Oct 2	87.3%	81.4%	7.2%	1.7K	159

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$19.00	Aug 28	Oct 2	91.1%	78.5%	16.1%	195	3.3K
$17.50	Aug 28	Sep 25	83.0%	72.1%	15.1%	1.4K	832
$18.50	Aug 28	Oct 2	86.9%	77.0%	12.9%	412	2.6K
$17.00	Aug 28	Oct 2	80.0%	73.2%	9.2%	723	596
$18.00	Aug 28	Oct 2	87.3%	81.4%	7.2%	729	1.2K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 72 found (best R:R 1.63, avg 1.64)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$15.00	$16.00	Sep 4	$0.38	$0.62	$0.38	92%	1.63	$15.38
$17.50	$18.00	Oct 2	$0.14	$0.36	$0.14	56%	2.57	$17.64
$18.00	$18.50	Sep 18	$0.13	$0.37	$0.13	51%	2.85	$18.13
$17.50	$18.00	Sep 25	$0.17	$0.33	$0.17	57%	1.94	$17.67
$18.50	$19.00	Oct 2	$0.14	$0.36	$0.14	47%	2.57	$18.64

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$20.50	$20.00	Sep 11	$0.15	$0.35	$0.15	80%	2.33	$20.35
$20.50	$20.00	Oct 2	$0.20	$0.30	$0.20	68%	1.50	$20.30
$18.50	$18.00	Sep 25	$0.23	$0.27	$0.23	53%	1.17	$18.27
$16.00	$15.50	Oct 2	$0.11	$0.39	$0.11	29%	3.55	$15.89
$19.00	$18.50	Oct 2	$0.27	$0.23	$0.27	56%	0.85	$18.73

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 42 found (best R:R 0.67, avg 0.57)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$20.50	$21.00	Sep 18	$0.18	$0.18	$0.32	72%	0.56	$20.68
$18.00	$18.50	Oct 2	$0.30	$0.30	$0.20	48%	1.50	$18.30
$19.50	$20.00	Sep 18	$0.20	$0.20	$0.30	64%	0.67	$19.70
$19.00	$19.50	Sep 11	$0.17	$0.17	$0.33	64%	0.52	$19.17
$18.50	$19.00	Sep 18	$0.22	$0.22	$0.28	54%	0.79	$18.72

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$16.00	$15.50	Sep 25	$0.20	$0.20	$0.30	73%	0.67	$15.80
$16.50	$16.00	Oct 2	$0.23	$0.23	$0.27	66%	0.85	$16.27
$15.50	$15.00	Oct 2	$0.18	$0.18	$0.32	75%	0.56	$15.32
$17.00	$16.50	Oct 2	$0.25	$0.25	$0.25	61%	1.00	$16.75
$17.00	$16.50	Sep 18	$0.22	$0.22	$0.28	63%	0.79	$16.78

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $0.39, cheapest $0.39)

CALLS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$18.00	Aug 28	Sep 4	$0.39	87.3%	76.6%
$17.50	Aug 28	Sep 4	$0.39	83.0%	74.2%

PUTS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$18.00	Aug 28	Sep 4	$0.39	87.3%	76.6%
$17.50	Aug 28	Sep 4	$0.38	83.0%	74.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 44 found (cheapest 5.07% of stock, avg 14.06%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$17.50	Aug 28	$0.56	$0.34	$0.90	$16.60	$18.40	5.07%
$18.00	Aug 28	$0.34	$0.61	$0.95	$17.05	$18.95	5.36%
$17.00	Aug 28	$0.88	$0.15	$1.03	$15.97	$18.03	5.81%
$18.50	Aug 28	$0.18	$0.97	$1.15	$17.35	$19.65	6.48%
$16.50	Aug 28	$1.23	$0.06	$1.29	$15.21	$17.79	7.27%
$19.00	Aug 28	$0.10	$1.38	$1.48	$17.52	$20.48	8.34%
$17.50	Sep 4	$0.95	$0.72	$1.67	$15.83	$19.17	9.41%
$18.00	Sep 4	$0.73	$1.00	$1.73	$16.27	$19.73	9.75%
$17.00	Sep 4	$1.24	$0.50	$1.74	$15.26	$18.74	9.81%
$16.00	Aug 28	$1.74	$0.03	$1.77	$14.23	$17.77	9.98%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 145 found (cheapest 0.51% of stock, avg 8.04%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$20.50	$16.00	Aug 28	$0.06	$0.03	$0.09	$15.91	$20.59
$19.50	$16.00	Aug 28	$0.06	$0.03	$0.09	$15.91	$19.59
$19.50	$16.50	Aug 28	$0.06	$0.06	$0.12	$16.38	$19.62
$20.50	$16.50	Aug 28	$0.06	$0.06	$0.12	$16.38	$20.62
$19.00	$16.00	Aug 28	$0.10	$0.03	$0.13	$15.87	$19.13
$19.00	$16.50	Aug 28	$0.10	$0.06	$0.16	$16.34	$19.16
$19.50	$17.00	Aug 28	$0.06	$0.15	$0.21	$16.79	$19.71
$20.50	$17.00	Aug 28	$0.06	$0.15	$0.21	$16.79	$20.71
$18.50	$16.00	Aug 28	$0.18	$0.03	$0.21	$15.79	$18.71
$19.00	$17.00	Aug 28	$0.10	$0.15	$0.25	$16.75	$19.25

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 8 found (best R:R 1.78, avg credit $0.29)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
16/16	20/21	Sep 18	$0.32	$0.18	47%	1.78	$15.68	$20.82
15/16	20/21	Sep 18	$0.29	$0.21	52%	1.38	$15.21	$20.79
16/16	20/21	Sep 18	$0.34	$0.16	41%	2.12	$16.16	$20.84
16/16	20/21	Oct 2	$0.34	$0.16	34%	2.13	$16.16	$20.84
15/16	20/21	Oct 2	$0.29	$0.21	43%	1.38	$15.21	$20.79
16/16	19/20	Sep 4	$0.24	$0.26	44%	0.92	$16.26	$19.24
16/17	19/20	Sep 4	$0.27	$0.23	35%	1.17	$16.73	$19.27
16/16	20/21	Oct 2	$0.22	$0.28	39%	0.79	$15.78	$20.72

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 45 found (best R:R 7.33, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$17.50	$18.00	$18.50	Aug 28	$0.06	$0.44	33%	7.33
$17.00	$17.50	$18.00	Aug 28	$0.10	$0.40	35%	4.00
$18.00	$18.50	$19.00	Aug 28	$0.08	$0.42	26%	5.25
$17.00	$17.50	$18.00	Sep 4	$0.07	$0.43	19%	6.14
$16.50	$17.00	$17.50	Sep 4	$0.08	$0.42	18%	5.25

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$17.00	$17.50	$18.00	Aug 28	$0.08	$0.42	35%	5.25
$17.50	$18.00	$18.50	Aug 28	$0.09	$0.41	33%	4.56
$17.00	$17.50	$18.00	Sep 4	$0.06	$0.44	19%	7.33
$16.00	$16.50	$17.00	Aug 28	$0.06	$0.44	18%	7.33
$16.50	$17.00	$17.50	Sep 4	$0.06	$0.44	18%	7.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 42 found (best net $-0.11, 42 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$15.00	$17.00	1:2	Sep 11	-$0.11	$1.89
$17.50	$18.00	1:2	Aug 28	-$0.12	$0.38
$17.00	$17.50	1:2	Aug 28	-$0.24	$0.26
$20.00	$20.50	1:2	Sep 4	-$0.08	$0.42
$20.50	$21.00	1:2	Sep 4	-$0.07	$0.43

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$18.00	$17.50	1:2	Aug 28	-$0.07	$0.43
$18.50	$18.00	1:2	Aug 28	-$0.25	$0.25
$16.50	$16.00	1:2	Sep 4	-$0.08	$0.42
$16.00	$15.50	1:2	Sep 4	-$0.05	$0.45
$17.00	$16.50	1:2	Sep 4	-$0.18	$0.32

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 38 found (best yield 6.60%, avg 3.66%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$19.00	Oct 2	$1.17	0.43	7.1%	6.60%	13.70%	209	32
$18.00	Oct 2	$1.53	0.52	1.5%	8.62%	10.09%	37	34
$20.00	Oct 2	$0.87	0.35	12.7%	4.90%	17.64%	25	152
$18.50	Oct 2	$1.29	0.47	4.3%	7.27%	11.56%	30	7
$19.50	Oct 2	$0.96	0.39	9.9%	5.41%	15.33%	259	101
$20.50	Oct 2	$0.72	0.32	15.6%	4.06%	19.62%	10	14
$21.00	Oct 2	$0.63	0.28	18.4%	3.55%	21.93%	11	104
$18.50	Sep 25	$1.17	0.47	4.3%	6.60%	10.88%	31	7
$19.00	Sep 25	$0.99	0.42	7.1%	5.58%	12.68%	388	139
$19.50	Sep 25	$0.85	0.37	9.9%	4.79%	14.71%	9	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 37,390

Total Puts 14,680

Put/Call Ratio 0.39

Net Difference 22,710

Prior's Put/Call Breakdown

Total Calls 39,949

Total Puts 9,650

Put/Call Ratio 0.24

Net Difference 30,299

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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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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