D-Wave Quantum Options Trading: A Deep Dive into Market Sentiment

Deep-pocketed investors have adopted a bullish approach towards D-Wave Quantum 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 20 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 55% leaning bullish and 35% bearish. Among these notable options, 6 are puts, totaling $167,494, and 14 are calls, amounting to $625,191.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $2.0 to $20.0 for D-Wave Quantum during the past quarter.

Insights into Volume & Open Interest

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 $2.0 to $20.0, over the past month.

D-Wave Quantum Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

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. The Company’s mission is to unlock the power of quantum computing today to benefit business and society. 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.

Current Position of D-Wave Quantum

• With a trading volume of 71,288,737, the price of QBTS is up by 8.36%, reaching $5.83.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 1 days from now.

Expert Opinions on D-Wave Quantum

In the last month, 1 experts released ratings on this stock with an average target price of $11.0.

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* Maintaining their stance, an analyst from B. Riley Securities continues to hold a Buy rating for D-Wave Quantum, targeting a price of $11.

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.