QBTS Options Chain, Open Interest, and Volatility Data

QBTS Options Open Interest & Strategy Insights

QBTS – Top 10 Strike Prices by Open Interest

Strike	Call OI	Put OI	Total OI
30	20766	17641	38407
5	6800	29142	35942
15	11479	22761	34240
20	16935	13749	30684
10	13504	17146	30650
35	20391	7574	27965
40	25023	2868	27891
7	12523	13920	26443
25	8483	17180	25663
39	17683	1186	18869

QBTS – Volatility Metrics & Put/Call Analysis

Put/Call OI Ratio	Put/Call Volume Ratio	Avg Call IV	Avg Put IV	IV Skew
155.00	7.00	0.00%	98.73%	98.73%

Data Analysis

Symbol: QBTS Current Price: 31.02
Max Pain: 28.00 (above)

📌 Absolute OI Peak: 30.00 (38407 contracts)
🛡️ Short-term Key Levels: 25.00（25663 contracts，major support） , 20.00（30684 contracts，major support） , 15.00（34240 contracts，major support）

📈 Put/Call OI Ratio: 155.00 (bearish, Put OI dominant)
Put/Call Volume Ratio: 7.00 (bearish, Put volume dominant)

📊 Avg Call IV: 0.00%
Avg Put IV: 98.73%
IV Skew: 98.73% (Put IV higher than Call IV by 98.73%, downward expectation slightly stronger)

⚠️ Unusual OI concentration at far OTM strike 5.00 (35942 contracts), sentiment: bearish (Put OI dominant). May reflect speculative bets or hedging demand.

Market Sentiment Based on Options by Expiration Date

Date	Call Volume	Put Volume	Open Interest	Put/Call Ratio	Sentiment
2025-11-07	15195	11538	65445	0.759	Moderate Bullish 📈 (65)
2025-11-14	3552	2004	28069	0.564	Slight Bullish 📈 (60)
2025-11-21	2019	3371	70153	1.670	Strong Bearish 📉💥 (15)
2025-11-28	1158	505	16246	0.436	Moderate Bullish 📈 (70)
2025-12-05	490	341	2165	0.696	Slight Bullish 📈 (60)
2025-12-12	2363	136	202	0.058	Moderate Bullish 📈 (70) ⚠️
2025-12-19	1688	1078	29626	0.639	Slight Bullish 📈 (60)
2026-01-16	1866	3071	178687	1.646	Strong Bearish 📉💥 (15)
2026-02-20	446	239	16544	0.536	Slight Bullish 📈 (60)
2026-04-17	478	478	28295	1.000	Neutral ⚖️ (50)
2026-06-18	388	150	4864	0.387	Moderate Bullish 📈 (70)
2026-09-18	36	74	2864	2.056	Moderate Bearish 📉 (30)
2026-11-20	31	65	4849	2.097	Moderate Bearish 📉 (30)
2027-01-15	107	289	84835	2.701	Strong Bearish 📉💥 (15)
2028-01-21	75	175	9719	2.333	Moderate Bearish 📉 (30)
How the Sentiment Algorithm Works This table evaluates market sentiment based on aggregated options data by expiration date. The key metrics are: Put/Call Ratio (PCR): Indicates the relative activity between put and call options. A high PCR suggests bearish sentiment, while a low PCR indicates bullish sentiment. Open Interest (OI): Represents the number of outstanding contracts. Higher values reflect strong market attention or hedging activity. Unusual activity ⚠️: Days with extremely high PCR or OI are flagged, signaling possible speculative bets or hedging pressures. The sentiment score is computed by combining PCR and OI, then classified into clear labels such as Strong Bullish, Moderate Bullish, Neutral, Moderate Bearish, Strong Bearish. Scores range from 0 to 100, where higher values indicate stronger bullish sentiment and lower values indicate stronger bearish sentiment.