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 15 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 33% leaning bullish and 66% bearish. Among these notable options, 4 are puts, totaling $312,694, and 11 are calls, amounting to $756,468.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $18.0 to $50.0 for D-Wave Quantum over the recent three months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for D-Wave Quantum's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of D-Wave Quantum's whale activity within a strike price range from $18.0 to $50.0 in the last 30 days.

D-Wave Quantum Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

About D-Wave Quantum

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.

Current Position of D-Wave Quantum

• With a trading volume of 23,380,510, the price of QBTS is up by 18.25%, reaching $20.35.
• Current RSI values indicate that the stock is may be approaching oversold.
• Next earnings report is scheduled for 34 days from now.

What The Experts Say On D-Wave Quantum

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $43.4.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.