Deep-pocketed investors have adopted a bearish approach towards D-Wave Quantum (NYSE:QBTS), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in QBTS usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 23 extraordinary options activities for D-Wave Quantum. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 34% leaning bullish and 56% bearish. Among these notable options, 13 are puts, totaling $648,911, and 10 are calls, amounting to $679,642.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $20.0 and $37.0 for D-Wave Quantum, spanning the last three months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for D-Wave Quantum's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across D-Wave Quantum's significant trades, within a strike price range of $20.0 to $37.0, over the past month.
D-Wave Quantum Option Volume And Open Interest Over 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 | SWEEP | BULLISH | 06/18/26 | $4.4 | $4.35 | $4.4 | $35.00 | $271.0K | 338 | 624 |
| QBTS | PUT | TRADE | BEARISH | 04/17/26 | $4.75 | $4.6 | $4.75 | $23.00 | $143.4K | 688 | 2 |
| QBTS | CALL | SWEEP | BEARISH | 07/17/26 | $9.65 | $9.6 | $9.6 | $20.00 | $84.7K | 27 | 90 |
| QBTS | PUT | SWEEP | BEARISH | 09/18/26 | $17.3 | $17.25 | $17.25 | $37.00 | $81.2K | 106 | 47 |
| QBTS | PUT | SWEEP | BEARISH | 01/16/26 | $1.74 | $1.64 | $1.74 | $22.00 | $70.4K | 3.4K | 1.0K |
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. 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.
After a thorough review of the options trading surrounding D-Wave Quantum, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of D-Wave Quantum
- With a volume of 18,122,840, the price of QBTS is down -7.2% at $24.22.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 87 days.
Professional Analyst Ratings for D-Wave Quantum
2 market experts have recently issued ratings for this stock, with a consensus target price of $45.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Reflecting concerns, an analyst from Mizuho lowers its rating to Outperform with a new price target of $46. * An analyst from Evercore ISI Group downgraded its action to Outperform with a price target of $44.
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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