QBTS Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure

Analyze the complete QBTS options chain including strike-level open interest, real-time implied volatility (IV), max pain levels, gamma exposure, dealer positioning, and options flow trends. This dashboard provides data-driven insights for traders building directional or hedging strategies around QBTS.

Latest Data: 2026-07-20 (EDT)

Max Pain Price

Exp: 2026-07-24

Gamma Flip

19.90

Gamma Flip (≈60 days)

Put/Call OI Ratio

12.693

Shows put vs call positioning

IV Skew

-5.80

Put–call IV difference

Max Pain Price Volatility

σ = 5.28

medium volatility

Confidence 85%

Near-Term Options-Derived Market Structure

NEUTRAL OUTLOOK

Reflecting options positioning and volatility conditions over the coming sessions.

The options structure reflects a high-confidence neutral environment. Dealer positioning and volatility suppression suggest a stable range-bound setup rather than a directional move. Options Chian

Looking only at the put-side activity, there is a bearish directional push. This suggests some traders are actively betting on downside. Confidence: 60%

Current DPI is -0.309(neutral). ⏳ Neutral distribution, DPI neutral, but makers are actively shedding positions.

Options Terrain Outlook (3-Month)

Options structure allows for directional movement, but with elevated volatility and less predictable follow-through. Volatility conditions remain relatively smooth. Options constraints exert a moderate influence on price behavior. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2027-01-15 options expiry. 100% confidence

The support levels for QBTS are at 16.27, 15.59, and 11.30, while the resistance levels are at 17.17, 17.85, and 22.14. The pivot point, a key reference price for traders, is at 23.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 4)

Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 4.22% 1-day move.

The expected range for the next 4 days is 16.06 — 18.60 , corresponding to +11.22% / -3.93% .

Estimated using ATM implied volatility, OTM option flow, and dealer hedging conditions to capture the market-implied price range.

Bullish flow suggests upside interest toward 19.80 (18.40% above spot).

Bearish positioning points to downside pressure toward 15.85 (5.23% below spot).

Options flow strength: 0.64 (0–1 scale). ATM Strike: 16.50, Call: 0.82, Put: 0.58, Straddle Cost: 1.41.

Market signals are mixed and less reliable. The short-term gamma flip is near 16.28 , with intermediate positioning around 19.90 . The mid-term gamma flip remains near 20.80.