D-Wave Quantum (QBTS) Options Chain

NASDAQ: QBTSTechnologyEDP ServicesUSD

14.57-0.03 (-0.21%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Mar 19, 2027
Days to expiration: 159
Share price: $14.57
Put/call ratio (OI): 0.49
Put/call ratio (volume): 0.28
ATM implied volatility: 73.9%
Expected move: ±$7.11
Open interest (C / P): 13.70K / 6.76K

QBTS options summary

The QBTS options chain for the March 19, 2027 expiration lists 18 call and 16 put contracts, with 159 days until expiration. Open interest stands at 13,704 calls and 6,764 puts, a put/call ratio of 0.49, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $15.00 strike is 73.9%, which implies the market expects a move of about ±$7.11 (48.8%) in D-Wave Quantum stock by expiration.

The most open interest sits at the $35.00 call (2.62K contracts) and the $13.00 put (2.13K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

QBTS options chain · March 19, 2027

QBTS calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
0	2	—	17.50	0.00	0.00	3.00	0.00	0.70	0.02	187.9%	—	2
14	1	115.6%	12.00	8.75	10.85	5.00	0.00	0.29	0.03	103.9%	334	459
223	15	74.7%	5.39	5.20	5.45	10.00	0.38	0.68	0.65	64.5%	5	1,660
339	6	71.1%	3.53	3.05	3.80	13.00	1.53	1.89	1.85	66.9%	23	2,131
QBTS $14.57
626	19	77.0%	2.85	2.59	2.94	15.00	2.62	3.30	2.96	70.8%	3	700
817	60	78.5%	1.81	1.72	2.06	18.00	4.85	5.40	5.00	73.4%	1	268
680	3	78.0%	1.36	1.18	1.68	20.00	6.40	6.70	6.55	69.3%	5	370
947	4	79.2%	1.05	0.90	1.37	22.00	7.70	8.75	8.27	68.7%	15	304
1,643	1,130	80.2%	0.73	0.74	0.86	25.00	10.70	11.30	10.00	71.9%	2	298
1,971	60	76.5%	0.53	0.41	0.65	27.00	12.60	13.10	12.70	71.7%	1	80
872	10	85.8%	0.47	0.34	0.78	30.00	15.30	15.70	15.70	55.5%	9	436
387	1	89.0%	0.45	0.19	0.85	32.00	17.20	17.90	16.05	65.0%	1	14
2,615	3	82.7%	0.29	0.22	0.34	35.00	16.30	18.10	16.78	—	4	6
154	10	88.9%	0.27	0.14	0.50	37.00	19.30	20.80	18.00	—	2	34
390	40	87.3%	0.23	0.20	0.24	40.00	20.65	23.15	23.35	—	1	2
120	7	89.5%	0.20	0.18	0.24	42.00	—	—	—	—	—	—
198	32	85.3%	0.16	0.00	0.24	45.00	29.55	31.20	27.16	124.1%	1	0
1,708	54	84.0%	0.15	0.01	0.17	47.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the QBTS put/call ratio?

For the March 19, 2027 expiration, the QBTS put/call ratio based on open interest is 0.49 (6,764 puts vs 13,704 calls), and 0.28 based on today's volume. A ratio above 1 means more puts than calls.

What is QBTS's implied volatility?

At-the-money implied volatility for QBTS options expiring March 19, 2027 is about 73.9%, an annualized estimate of how much the market expects D-Wave Quantum stock to move.

How many QBTS option expiration dates are there?

QBTS has 11 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.