QBTS251017C00024000 Option on D Wave Quantum

QBTS Stock  USD 19.76  0.54  2.66%   
QBTS251017C00024000 is a PUT option contract on D Wave's common stock with a strick price of 24.0 expiring on 2025-10-17. The contract was not traded in recent days and, as of today, has 85 days remaining before the expiration. The option is currently trading at a bid price of $3.2, and an ask price of $3.35. The implied volatility as of the 24th of July is 85.0.
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 0.0711% per day over the life of the option. With D Wave trading at USD 19.76, that is roughly USD 0.014. 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 1.14%. 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 NameQBTS251017C00024000
Expires On2025-10-17
Days Before Expriration85
Delta0.4965
Vega0.039307
Gamma0.035604
Theoretical Value3.25
Open Interest570
Current Trading Volume58.0
Strike Price24.0
Last Traded At3.25
Current Price Spread3.2 | 3.35
Rule 16 Daily Up or DownUSD 0.014

QBTS short PUT Option Greeks

D Wave's Option Greeks for the contract ending on 2025-10-17 at a strike price of 24.0 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.
Delta0.4965
Gamma0.035604
Theta-0.026804
Vega0.039307
Rho0.01609

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 27.25 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 24.0, 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
QBTS251017C0003900074939.00.97 - 1.251.19Out
Call
QBTS251017C00038000149738.01.13 - 1.331.02Out
Call
QBTS251017C0003700058237.01.25 - 1.411.24Out
Call
QBTS251017C000360002836.01.35 - 1.491.25Out
Call
QBTS251017C00035000109235.01.37 - 1.571.5Out
Call
QBTS251017C0003400060534.01.41 - 1.681.47Out
Call
QBTS251017C0003300011833.01.61 - 1.791.6Out
Call
QBTS251017C0003200058932.01.72 - 1.91.34Out
Call
QBTS251017C000310009631.01.9 - 2.01.6Out
Call
QBTS251017C00030000138130.01.85 - 2.192.15Out
Call
QBTS251017C0002900014629.02.04 - 2.321.7Out
Call
QBTS251017C0002800029528.02.26 - 2.51.77Out
Call
QBTS251017C0002700046827.02.39 - 2.662.39Out
Call
QBTS251017C0002600058326.02.6 - 2.882.65Out
Call
QBTS251017C000250001099725.02.97 - 3.053.0Out
Call
QBTS251017C0002400057024.03.2 - 3.353.25Out
Call
QBTS251017C00023000105223.03.05 - 3.63.52Out
Call
QBTS251017C00022000117822.03.75 - 3.93.82Out
Call
QBTS251017C00021000186721.04.05 - 4.254.1Out
Call
QBTS251017C00020000519220.04.45 - 4.64.53In
Call
QBTS251017C00019000162719.04.85 - 5.04.97In
Call
QBTS251017C00018000668918.05.25 - 5.45.33In
Call
QBTS251017C00017000310817.05.75 - 6.155.8In
Call
QBTS251017C00016000414816.06.0 - 6.56.24In
Call
QBTS251017C00015000546115.06.9 - 7.17.0In
Call
QBTS251017C00014000130814.07.1 - 7.77.6In
Call
QBTS251017C00013000175513.08.15 - 8.48.25In
Call
QBTS251017C00012000608912.08.95 - 9.18.95In
Call
QBTS251017C00011000123811.09.5 - 9.958.3In
Call
QBTS251017C00010000194410.010.3 - 11.0510.64In
Call
QBTS251017C0000900012819.011.05 - 12.610.8In
Call
QBTS251017C0000800016428.012.15 - 13.3511.26In
Call
QBTS251017C0000700011517.013.25 - 13.6510.45In
Call
QBTS251017C0000600011306.014.15 - 14.7513.7In
Call
QBTS251017C000050006715.015.25 - 15.6513.55In
Call
QBTS251017C00004000504.016.2 - 16.9516.25In
Call
QBTS251017C00003000373.017.0 - 17.8517.1In
Call
QBTS251017C00002000192.017.2 - 18.5516.9In
Call
QBTS251017C00001000151.019.0 - 19.818.18In

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.