QBTS251017C00021000 Option on D Wave Quantum

QBTS Stock  USD 18.89  0.35  1.82%   
QBTS251017C00021000 is a PUT option contract on D Wave's common stock with a strick price of 21.0 expiring on 2025-10-17. The contract was not traded in recent days and, as of today, has 89 days remaining before the expiration. The option is currently trading at a bid price of $3.15, and an ask price of $3.3. The implied volatility as of the 20th of July is 89.0.
When exercised, put options on D Wave produce a short position in QBTS Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on D Wave's downside price movement.

Rule 16 of 2025-10-17 Option Contract

The options market is anticipating that D Wave Quantum will have an average daily up or down price movement of about 0.0656% per day over the life of the option. With D Wave trading at USD 18.89, that is roughly USD 0.0124. If you think that the market is fully understating D Wave's daily price movement you should consider buying D Wave Quantum options at that current volatility level of 1.05%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Out Of The Money Call Option on D Wave

An 'Out of The Money' option on QBTS has a strike price that QBTS Stock has yet to reach, meaning the option has no intrinsic value. 'Out of The Money' options are usually less costly than 'In The Money' options, making them more desirable to traders with smaller amounts of capital. Some of the uses for D Wave's 'Out of The Money' options include buying the options if you expect a big move in D Wave's stock. Since 'Out of The Money' options have a lower up-front cost (i.e., no intrinsic value) than 'In The Money' options, buying it is a reasonable choice.
Call Contract NameQBTS251017C00021000
Expires On2025-10-17
Days Before Expriration89
Delta0.531111
Vega0.037305
Gamma0.040421
Theoretical Value3.2
Open Interest1133
Current Trading Volume42.0
Strike Price21.0
Last Traded At3.2
Current Price Spread3.15 | 3.3
Rule 16 Daily Up or DownUSD 0.0124

QBTS short PUT Option Greeks

D Wave's Option Greeks for the contract ending on 2025-10-17 at a strike price of 21.0 measures the various factors that affect its cost and calculated using a theoretical options pricing model. It helps investors make more informed decisions about whether to trade this option contract or when to trade it. In addition to D Wave's option greeks, its implied volatility helps estimate the risk of D Wave stock implied by the prices of the options on D Wave's stock.
Delta0.531111
Gamma0.040421
Theta-0.02257
Vega0.037305
Rho0.016848

QBTS long PUT Option Payoff at expiration

Put options written on D Wave grant holders of the option the right to sell a specified amount of D Wave at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of QBTS Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on D Wave is like buying insurance aginst D Wave's downside shift.
   Profit   
       D Wave Price At Expiration  

QBTS short PUT Option Payoff at expiration

By selling D Wave's put option, the investors signal their bearish sentiment. A short position in a put option written on D Wave will generally make money when the underlying price is above the strike price. Therefore D Wave's put payoff at expiration depends on where the QBTS Stock price is relative to the put option strike price. The breakeven price of 24.2 is the critical point that divides the payoff function into two parts. Below the breakeven price, the payoff is dropping and negative (the seller makes a loss). Above the breakeven price, the payoff line is upward sloping as the option payoff increases in proportion to D Wave's price. Finally, at the strike price of 21.0, the payoff chart is constant and positive.
   Profit   
       D Wave Price At Expiration  
View All D Wave Options

D Wave Quantum Available Call Options

D Wave's option chain is a display of a range of information that helps investors for ways to trade options on QBTS. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for QBTS. It also shows strike prices and maturity days for a D Wave against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone.
Open IntStrike PriceCurrent SpreadLast Price
Call
QBTS251017C0003900058539.00.8 - 0.90.86Out
Call
QBTS251017C00038000147538.00.81 - 1.160.83Out
Call
QBTS251017C0003700058537.00.91 - 1.010.99Out
Call
QBTS251017C000360002436.00.96 - 1.170.95Out
Call
QBTS251017C00035000126235.01.04 - 1.131.06Out
Call
QBTS251017C0003400059334.01.12 - 1.351.05Out
Call
QBTS251017C0003300011833.01.17 - 1.291.43Out
Call
QBTS251017C0003200058632.01.26 - 1.391.5Out
Call
QBTS251017C000310007131.01.38 - 1.461.45Out
Call
QBTS251017C0003000089230.01.48 - 1.61.54Out
Call
QBTS251017C0002900014729.01.6 - 1.712.01Out
Call
QBTS251017C0002800029628.01.75 - 1.851.59Out
Call
QBTS251017C0002700044627.01.87 - 2.011.94Out
Call
QBTS251017C0002600061126.02.06 - 2.142.0Out
Call
QBTS251017C000250001213625.02.23 - 2.342.25Out
Call
QBTS251017C0002400054724.02.43 - 2.522.39Out
Call
QBTS251017C0002300090323.02.49 - 2.782.69Out
Call
QBTS251017C0002200078222.02.9 - 3.052.96Out
Call
QBTS251017C00021000113321.03.15 - 3.33.2Out
Call
QBTS251017C00020000605020.03.55 - 3.63.55Out
Call
QBTS251017C00019000201219.03.85 - 3.953.9Out
Call
QBTS251017C00018000663718.04.25 - 4.44.25In
Call
QBTS251017C00017000332217.04.7 - 4.84.8In
Call
QBTS251017C00016000465516.05.2 - 5.35.25In
Call
QBTS251017C00015000555915.05.75 - 5.855.85In
Call
QBTS251017C00014000132114.06.3 - 6.456.41In
Call
QBTS251017C00013000175713.06.95 - 7.16.6In
Call
QBTS251017C00012000708512.07.65 - 7.87.74In
Call
QBTS251017C00011000130611.08.45 - 8.558.51In
Call
QBTS251017C00010000199210.09.2 - 9.48.75In
Call
QBTS251017C0000900012679.09.5 - 10.7510.2In
Call
QBTS251017C0000800016398.011.0 - 11.6510.73In
Call
QBTS251017C0000700011527.011.9 - 12.0512.28In
Call
QBTS251017C0000600011306.012.4 - 13.012.1In
Call
QBTS251017C000050006755.013.85 - 14.3514.22In
Call
QBTS251017C000040001084.014.85 - 14.9514.62In
Call
QBTS251017C00003000373.015.8 - 16.015.9In
Call
QBTS251017C00002000192.016.75 - 17.116.9In
Call
QBTS251017C00001000151.016.8 - 19.618.18In

D Wave Corporate Management

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Additional Tools for QBTS Stock Analysis

When running D Wave's price analysis, check to measure D Wave's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy D Wave is operating at the current time. Most of D Wave's value examination focuses on studying past and present price action to predict the probability of D Wave's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move D Wave's price. Additionally, you may evaluate how the addition of D Wave to your portfolios can decrease your overall portfolio volatility.