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: Jan 21, 2028
Days to expiration: 468
Share price: $14.57
Put/call ratio (OI): 1.00
Put/call ratio (volume): 0.33
ATM implied volatility: 74.3%
Expected move: ±$12.26
Open interest (C / P): 42.25K / 42.14K

QBTS options summary

The QBTS options chain for the January 21, 2028 expiration lists 23 call and 23 put contracts, with 468 days until expiration. Open interest stands at 42,250 calls and 42,139 puts, a put/call ratio of 1.00, which is fairly balanced between calls and puts. At-the-money implied volatility near the $15.00 strike is 74.3%, which implies the market expects a move of about ±$12.26 (84.1%) in D-Wave Quantum stock by expiration.

The most open interest sits at the $65.00 call (4.49K contracts) and the $5.00 put (15.62K contracts).

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

QBTS options chain · January 21, 2028

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
3,683	1	142.4%	11.50	11.50	13.15	3.00	0.06	0.11	0.08	78.9%	8	2,320
553	13	111.2%	10.07	9.90	11.35	5.00	0.05	0.37	0.36	66.1%	1	15,624
1,693	2	93.8%	8.15	7.90	9.05	8.00	0.99	1.19	1.09	70.8%	4	1,580
2,751	8	94.1%	6.95	6.95	8.15	10.00	1.79	1.98	1.85	69.8%	18	8,100
645	186	81.5%	5.80	5.65	5.80	13.00	3.30	3.55	3.45	68.6%	1	2,165
QBTS $14.57
1,575	46	80.7%	5.05	4.90	5.10	15.00	4.55	4.75	4.68	67.9%	45	3,021
2,073	122	81.1%	4.40	4.30	4.60	17.00	5.85	6.45	6.14	69.7%	31	802
3,628	57	80.5%	3.70	3.60	3.80	20.00	7.85	8.40	8.17	65.2%	2	2,461
954	5	80.0%	3.32	3.15	3.40	22.00	9.60	10.15	9.73	67.4%	10	1,113
2,383	17	80.3%	2.80	2.71	2.90	25.00	12.05	12.40	12.16	64.5%	2	1,811
2,005	8	82.0%	2.50	2.45	2.83	27.00	13.80	14.15	13.75	64.5%	2	1,328
3,439	110	81.1%	2.26	2.10	2.36	30.00	16.25	17.20	15.80	65.4%	1	155
977	25	82.5%	2.10	1.78	2.44	32.00	17.75	18.70	16.90	58.5%	2	407
1,421	19	81.0%	1.84	1.57	1.95	35.00	20.75	21.35	19.88	58.5%	1	147
519	10	86.5%	1.65	1.60	2.26	37.00	22.55	23.50	23.15	60.2%	30	65
1,904	55	82.9%	1.49	1.40	1.65	40.00	24.90	26.30	24.70	70.0%	100	287
1,618	1	81.7%	1.39	1.11	1.58	42.00	27.20	28.20	26.49	55.1%	1	276
1,174	7	84.3%	1.35	1.13	1.52	45.00	0.00	0.00	26.35	—	1	0
416	7	83.3%	1.16	1.00	1.36	47.00	28.65	30.70	30.72	—	1	6
1,235	2	83.9%	1.05	1.00	1.18	50.00	35.10	35.95	33.15	52.0%	5	287
2,569	6	86.2%	0.93	0.83	1.21	55.00	36.70	38.30	38.02	—	1	184
546	5	85.7%	0.92	0.75	0.96	60.00	0.00	0.00	38.76	—	3	0
4,489	108	86.2%	0.80	0.71	0.80	65.00	0.00	0.00	45.85	—	1	0

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 January 21, 2028 expiration, the QBTS put/call ratio based on open interest is 1.00 (42,139 puts vs 42,250 calls), and 0.33 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 January 21, 2028 is about 74.3%, 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.