QBTS251017P00009000 Option on D Wave Quantum

QBTS Stock  USD 20.30  2.71  15.41%   
QBTS251017P00009000 is a PUT option contract on D Wave's common stock with a strick price of 9.0 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 $0.2, and an ask price of $0.25. 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 0.0735% per day over the life of the option. With D Wave trading at USD 20.3, that is roughly USD 0.0149. 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 1.18%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Out Of The Money Put 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.
Put Contract NameQBTS251017P00009000
Expires On2025-10-17
Days Before Expriration85
Vega0.008861
Gamma0.007761
Theoretical Value0.25
Open Interest2228
Current Trading Volume16.0
Strike Price9.0
Last Traded At0.25
Current Price Spread0.2 | 0.25
Rule 16 Daily Up or DownUSD 0.0149

QBTS short PUT Option Greeks

D Wave's Option Greeks for the contract ending on 2025-10-17 at a strike price of 9.0 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.
Delta-0.042153
Gamma0.007761
Theta-0.00594
Vega0.008861
Rho-0.002404

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 8.75 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 9.0, the payoff chart is constant and positive.
   Profit   
       D Wave Price At Expiration  
View All D Wave Options

D Wave Quantum Available Put 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
 Put
QBTS251017P00039000139.019.3 - 19.820.75In
 Put
QBTS251017P00038000638.018.65 - 19.819.45In
 Put
QBTS251017P00037000137.017.65 - 18.721.05In
 Put
QBTS251017P00036000136.016.4 - 17.3517.84In
 Put
QBTS251017P000350002035.015.6 - 16.6520.31In
 Put
QBTS251017P00034000034.015.05 - 15.815.05In
 Put
QBTS251017P00033000133.014.0 - 14.314.9In
 Put
QBTS251017P00032000232.013.3 - 13.713.35In
 Put
QBTS251017P00031000031.012.25 - 13.012.25In
 Put
QBTS251017P000300005130.011.3 - 12.3511.75In
 Put
QBTS251017P00029000129.010.3 - 11.1512.0In
 Put
QBTS251017P000280001128.09.9 - 10.6513.41In
 Put
QBTS251017P00027000527.08.45 - 9.29.5In
 Put
QBTS251017P000260009826.08.3 - 8.48.9In
 Put
QBTS251017P0002500013125.07.5 - 7.858.05In
 Put
QBTS251017P000240009424.06.75 - 6.97.3In
 Put
QBTS251017P0002300029123.05.95 - 6.47.4In
 Put
QBTS251017P0002200034322.04.95 - 5.55.9In
 Put
QBTS251017P0002100011021.04.65 - 4.84.8In
 Put
QBTS251017P0002000044320.04.05 - 4.34.12Out
 Put
QBTS251017P0001900027619.03.45 - 3.63.5Out
 Put
QBTS251017P0001800067218.02.89 - 3.052.97Out
 Put
QBTS251017P00017000241217.02.41 - 2.642.5Out
 Put
QBTS251017P00016000111416.01.94 - 2.191.97Out
 Put
QBTS251017P00015000176815.01.56 - 1.651.6Out
 Put
QBTS251017P00014000132814.01.19 - 1.281.19Out
 Put
QBTS251017P00013000154113.00.9 - 1.150.99Out
 Put
QBTS251017P00012000137512.00.64 - 0.720.7Out
 Put
QBTS251017P00011000190311.00.48 - 0.540.51Out
 Put
QBTS251017P00010000238910.00.32 - 0.380.35Out
 Put
QBTS251017P0000900022289.00.2 - 0.250.25Out
 Put
QBTS251017P0000800027898.00.13 - 0.180.17Out
 Put
QBTS251017P0000700016837.00.02 - 0.160.1Out
 Put
QBTS251017P0000600014576.00.06 - 0.10.08Out
 Put
QBTS251017P0000500010065.00.05 - 0.180.06Out
 Put
QBTS251017P000040004384.00.0 - 0.310.12Out
 Put
QBTS251017P0000300015273.00.01 - 0.080.01Out
 Put
QBTS251017P00002000952.00.0 - 0.10.05Out
 Put
QBTS251017P000010001191.00.0 - 0.020.05Out

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.