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: Apr 16, 2027
Days to expiration: 187
Share price: $14.57
Put/call ratio (OI): 0.56
Put/call ratio (volume): 0.67
ATM implied volatility: 73.8%
Expected move: ±$7.70
Open interest (C / P): 4.42K / 2.49K

QBTS options summary

The QBTS options chain for the April 16, 2027 expiration lists 21 call and 18 put contracts, with 187 days until expiration. Open interest stands at 4,417 calls and 2,493 puts, a put/call ratio of 0.56, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $15.00 strike is 73.8%, which implies the market expects a move of about ±$7.70 (52.8%) in D-Wave Quantum stock by expiration.

The most open interest sits at the $16.00 call (681 contracts) and the $14.00 put (889 contracts).

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

QBTS options chain · April 16, 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
63	8	78.6%	5.67	5.00	6.15	10.00	0.72	1.10	0.84	75.0%	34	185
20	8	72.6%	4.99	4.05	5.50	11.00	0.63	1.43	1.16	66.8%	1	113
209	200	76.3%	4.50	4.15	4.50	12.00	1.02	1.78	1.60	65.9%	1	324
30	3	78.4%	3.80	3.60	4.20	13.00	1.84	2.17	1.99	69.7%	2	87
52	6	75.0%	3.50	3.15	3.50	14.00	1.99	2.92	2.54	67.4%	104	889
QBTS $14.57
61	37	77.2%	3.00	2.88	3.15	15.00	2.99	3.35	3.05	70.5%	1	54
681	7	75.2%	2.60	2.28	2.89	16.00	3.45	4.35	3.78	72.5%	20	595
193	1	78.3%	2.22	1.99	2.82	17.00	4.25	4.65	4.46	69.1%	2	65
630	28	74.8%	2.07	1.83	2.15	18.00	4.80	5.60	5.18	69.5%	2	43
84	1	77.6%	1.80	1.65	2.08	19.00	5.80	6.15	5.94	69.8%	10	9
673	28	77.7%	1.65	1.40	1.91	20.00	6.45	7.30	6.57	72.4%	15	68
8	2	77.4%	1.43	1.29	1.63	21.00	7.40	8.00	7.20	72.5%	2	29
52	9	77.3%	1.32	0.98	1.60	22.00	8.20	8.70	8.47	69.9%	9	1
595	1	78.1%	1.10	0.93	1.42	23.00	—	—	—	—	—	—
255	2	78.7%	1.35	0.67	1.46	24.00	9.85	10.60	10.21	70.6%	2	5
242	3	80.6%	0.95	0.85	1.18	25.00	10.80	11.60	10.92	73.1%	1	2
74	1	81.2%	1.25	0.55	1.31	26.00	11.55	12.65	11.47	72.8%	8	22
8	2	81.3%	0.78	0.65	1.03	27.00	—	—	—	—	—	—
106	2	84.9%	0.75	0.62	1.11	28.00	13.35	14.15	12.40	64.2%	1	1
125	1	81.5%	0.64	0.39	0.85	30.00	15.45	16.00	15.72	67.5%	25	1
256	6	86.1%	0.41	0.22	0.73	35.00	—	—	—	—	—	—

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 April 16, 2027 expiration, the QBTS put/call ratio based on open interest is 0.56 (2,493 puts vs 4,417 calls), and 0.67 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 April 16, 2027 is about 73.8%, 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.