Financial giants have made a conspicuous bearish move on D-Wave Quantum. Our analysis of options history for D-Wave Quantum QBTS revealed 9 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $57,500, and 7 were calls, valued at $284,330.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $7.0 to $15.0 for D-Wave Quantum during the past quarter.
Volume & Open Interest Development
In today's trading context, the average open interest for options of D-Wave Quantum stands at 2141.5, with a total volume reaching 2,098.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in D-Wave Quantum, situated within the strike price corridor from $7.0 to $15.0, throughout the last 30 days.
D-Wave Quantum Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| QBTS | CALL | TRADE | BEARISH | 01/03/25 | $1.75 | $1.7 | $1.7 | $9.50 | $59.5K | 575 | 401 |
| QBTS | CALL | TRADE | BEARISH | 01/17/25 | $2.0 | $1.1 | $1.3 | $13.00 | $52.0K | 666 | 0 |
| QBTS | CALL | SWEEP | BEARISH | 01/17/25 | $2.95 | $2.55 | $2.55 | $9.00 | $51.0K | 3.7K | 5 |
| QBTS | CALL | SWEEP | BULLISH | 01/17/25 | $1.05 | $0.9 | $1.05 | $15.00 | $36.7K | 8.3K | 402 |
| QBTS | CALL | SWEEP | BEARISH | 01/17/25 | $1.05 | $0.9 | $0.9 | $15.00 | $31.5K | 8.3K | 752 |
About D-Wave Quantum
D-Wave Quantum Inc. is in the development and delivery of quantum computing systems, software, and services, and it is the commercial supplier of quantum computers and the only company building both annealing quantum computers and gate-model quantum computers. The Company's mission is to unlock the power of quantum computing today to benefit business and society. It delivers customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. Its annealing quantum computers are accessible through the Company's LeapTM cloud service.
Following our analysis of the options activities associated with D-Wave Quantum, we pivot to a closer look at the company's own performance.
Current Position of D-Wave Quantum
- With a volume of 9,537,329, the price of QBTS is up 3.43% at $10.24.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 90 days.
What Analysts Are Saying About D-Wave Quantum
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $8.0.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Roth MKM has decided to maintain their Buy rating on D-Wave Quantum, which currently sits at a price target of $7. * An analyst from Benchmark has decided to maintain their Buy rating on D-Wave Quantum, which currently sits at a price target of $8. * An analyst from Craig-Hallum persists with their Buy rating on D-Wave Quantum, maintaining a target price of $9.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest D-Wave Quantum options trades with real-time alerts from Benzinga Pro.
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