QBTS · D-Wave Quantum Inc.

Track QBTS — free Ask ALVIS about QBTS

$21.37 -0.46 (-2.11%) At close · Aug 5 Earnings today

Market Cap

$5.94B

366.74M

Options Chain

15-min delayed Underlying $21.37 · today Options Calculator

Positioning

Aug 7, 2026 · 1 days to expiry · 86 contracts

Put / call OI

0.38

Call-heavy positioning

Open interest

46,646

contracts outstanding

Volume

17,532

traded today

Max pain

$18.00

$3.37 below spot

ATM implied vol

184%

market's expected move

Open interest by strike · near the money

Calls Puts

11.5

12.5

13.5

14.5

15.5

16.5

17.5

18.5

19.5

20.5

21.5

22.5

23.5

24.5

25.5

26.5

27.5

28.5

29.5

30.5

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Aug 7 1d Aug 14 8d Aug 21 15d Aug 28 22d Sep 4 29d Sep 11 36d Sep 18 43d Oct 16 71d Nov 20 106d Jan 15 162d Mar 19 225d Jan 21 533d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
6	6	—	—	$10.45		$0.05	-0.024	563.5%	3	2
Call · $11 In the money Last $10.45 Breakeven $21.45 Implied vol — Delta — Gamma — Theta — Vega — Open interest 6 Model this call Put · $11 Last $0.05 Breakeven $10.95 Implied vol 563.5% Delta -0.024 ≈2% ITM Gamma 0.007 Theta -0.139 Vega 0.001 Open interest 2 Model this put
5	54	—	—	$10.02		$0.02	-0.012	446%	4	50
Call · $11.5 In the money Last $10.02 Breakeven $21.52 Implied vol — Delta — Gamma — Theta — Vega — Open interest 5 Model this call Put · $11.5 Last $0.02 Breakeven $11.48 Implied vol 446% Delta -0.012 ≈1% ITM Gamma 0.005 Theta -0.06 Vega 0.001 Open interest 50 Model this put
7	1	587.5%	0.955	$9.50		$0.07	-0.035	534.1%	61	66
Call · $12 In the money Last $9.50 Breakeven $21.50 Implied vol 587.5% Delta 0.955 ≈96% ITM Gamma 0.011 Theta -0.248 Vega 0.001 Open interest 7 Model this call Put · $12 Last $0.07 Breakeven $11.93 Implied vol 534.1% Delta -0.035 ≈3% ITM Gamma 0.01 Theta -0.18 Vega 0.001 Open interest 66 Model this put
4	50	—	—	$9.00		$0.04	-0.018	418.6%	1	64
Call · $12.5 In the money Last $9.00 Breakeven $21.50 Implied vol — Delta — Gamma — Theta — Vega — Open interest 4 Model this call Put · $12.5 Last $0.04 Breakeven $12.46 Implied vol 418.6% Delta -0.018 ≈2% ITM Gamma 0.007 Theta -0.082 Vega 0.001 Open interest 64 Model this put
17	3	—	—	$8.48		$0.02	-0.008	337.3%	1	120
Call · $13 In the money Last $8.48 Breakeven $21.48 Implied vol — Delta — Gamma — Theta — Vega — Open interest 17 Model this call Put · $13 Last $0.02 Breakeven $12.98 Implied vol 337.3% Delta -0.008 ≈1% ITM Gamma 0.005 Theta -0.034 Vega 0 Open interest 120 Model this put
8	2	—	—	$8.05		$0.01	-0.009	315.4%	3	303
Call · $13.5 In the money Last $8.05 Breakeven $21.55 Implied vol — Delta — Gamma — Theta — Vega — Open interest 8 Model this call Put · $13.5 Last $0.01 Breakeven $13.49 Implied vol 315.4% Delta -0.009 ≈1% ITM Gamma 0.005 Theta -0.034 Vega 0 Open interest 303 Model this put
14	4	—	—	$7.50		$0.01	-0.016	318.3%	17	1k
Call · $14 In the money Last $7.50 Breakeven $21.50 Implied vol — Delta — Gamma — Theta — Vega — Open interest 14 Model this call Put · $14 Last $0.01 Breakeven $13.99 Implied vol 318.3% Delta -0.016 ≈2% ITM Gamma 0.009 Theta -0.057 Vega 0.001 Open interest 1k Model this put
8	6	481.6%	0.917	$7.23		$0.02	-0.04	362.5%	1	691
Call · $14.5 In the money Last $7.23 Breakeven $21.73 Implied vol 481.6% Delta 0.917 ≈92% ITM Gamma 0.022 Theta -0.326 Vega 0.002 Open interest 8 Model this call Put · $14.5 Last $0.02 Breakeven $14.48 Implied vol 362.5% Delta -0.04 ≈4% ITM Gamma 0.016 Theta -0.137 Vega 0.001 Open interest 691 Model this put
57	17	—	—	$6.45		$0.05	-0.019	273.7%	13	1.1k
Call · $15 In the money Last $6.45 Breakeven $21.45 Implied vol — Delta — Gamma — Theta — Vega — Open interest 57 Model this call Put · $15 Last $0.05 Breakeven $14.95 Implied vol 273.7% Delta -0.019 ≈2% ITM Gamma 0.012 Theta -0.056 Vega 0.001 Open interest 1.1k Model this put
36	6	—	—	$6.16		$0.02	-0.015	236.5%	2	195
Call · $15.5 In the money Last $6.16 Breakeven $21.66 Implied vol — Delta — Gamma — Theta — Vega — Open interest 36 Model this call Put · $15.5 Last $0.02 Breakeven $15.48 Implied vol 236.5% Delta -0.015 ≈2% ITM Gamma 0.011 Theta -0.039 Vega 0.001 Open interest 195 Model this put
58	51	—	—	$5.41		$0.01	-0.013	208.4%	64	1.2k
Call · $16 In the money Last $5.41 Breakeven $21.41 Implied vol — Delta — Gamma — Theta — Vega — Open interest 58 Model this call Put · $16 Last $0.01 Breakeven $15.99 Implied vol 208.4% Delta -0.013 ≈1% ITM Gamma 0.011 Theta -0.031 Vega 0.001 Open interest 1.2k Model this put
230	51	306.5%	0.919	$5.09		$0.04	-0.018	196.6%	11	329
Call · $16.5 In the money Last $5.09 Breakeven $21.59 Implied vol 306.5% Delta 0.919 ≈92% ITM Gamma 0.034 Theta -0.204 Vega 0.002 Open interest 230 Model this call Put · $16.5 Last $0.04 Breakeven $16.46 Implied vol 196.6% Delta -0.018 ≈2% ITM Gamma 0.015 Theta -0.038 Vega 0.001 Open interest 329 Model this put
1.8k	1.1k	—	—	$4.49		$0.04	-0.03	196.5%	39	666
Call · $17 In the money Last $4.49 Breakeven $21.49 Implied vol — Delta — Gamma — Theta — Vega — Open interest 1.8k Model this call Put · $17 Last $0.04 Breakeven $16.96 Implied vol 196.5% Delta -0.03 ≈3% ITM Gamma 0.024 Theta -0.059 Vega 0.001 Open interest 666 Model this put
744	13	—	—	$4.12		$0.04	-0.042	186.6%	332	3k
Call · $17.5 In the money Last $4.12 Breakeven $21.62 Implied vol — Delta — Gamma — Theta — Vega — Open interest 744 Model this call Put · $17.5 Last $0.04 Breakeven $17.46 Implied vol 186.6% Delta -0.042 ≈4% ITM Gamma 0.033 Theta -0.074 Vega 0.001 Open interest 3k Model this put
1.3k	40	—	—	$3.37		$0.09	-0.064	185.7%	1.1k	756
Call · $18 In the money Last $3.37 Breakeven $21.37 Implied vol — Delta — Gamma — Theta — Vega — Open interest 1.3k Model this call Put · $18 Last $0.09 Breakeven $17.91 Implied vol 185.7% Delta -0.064 ≈6% ITM Gamma 0.047 Theta -0.103 Vega 0.002 Open interest 756 Model this put
788	62	—	—	$3.06		$0.13	-0.099	185.4%	531	248
Call · $18.5 In the money Last $3.06 Breakeven $21.56 Implied vol — Delta — Gamma — Theta — Vega — Open interest 788 Model this call Put · $18.5 Last $0.13 Breakeven $18.37 Implied vol 185.4% Delta -0.099 ≈10% ITM Gamma 0.065 Theta -0.143 Vega 0.002 Open interest 248 Model this put
3.6k	408	113%	0.955	$2.58		$0.23	-0.149	191.2%	290	365
Call · $19 In the money Last $2.58 Breakeven $21.58 Implied vol 113% Delta 0.955 ≈96% ITM Gamma 0.058 Theta -0.049 Vega 0.001 Open interest 3.6k Model this call Put · $19 Last $0.23 Breakeven $18.77 Implied vol 191.2% Delta -0.149 ≈15% ITM Gamma 0.084 Theta -0.195 Vega 0.004 Open interest 365 Model this put
684	125	132%	0.881	$2.20		$0.32	-0.193	184.6%	340	424
Call · $19.5 In the money Last $2.20 Breakeven $21.70 Implied vol 132% Delta 0.881 ≈88% ITM Gamma 0.106 Theta -0.119 Vega 0.002 Open interest 684 Model this call Put · $19.5 Last $0.32 Breakeven $19.18 Implied vol 184.6% Delta -0.193 ≈19% ITM Gamma 0.104 Theta -0.224 Vega 0.004 Open interest 424 Model this put
2.1k	287	148.9%	0.789	$1.77		$0.49	-0.26	190.4%	356	721
Call · $20 In the money Last $1.77 Breakeven $21.77 Implied vol 148.9% Delta 0.789 ≈79% ITM Gamma 0.137 Theta -0.195 Vega 0.004 Open interest 2.1k Model this call Put · $20 Last $0.49 Breakeven $19.51 Implied vol 190.4% Delta -0.26 ≈26% ITM Gamma 0.118 Theta -0.272 Vega 0.005 Open interest 721 Model this put
1.3k	221	149.4%	0.707	$1.52		$0.60	-0.327	195.1%	191	218
Call · $20.5 In the money Last $1.52 Breakeven $22.02 Implied vol 149.4% Delta 0.707 ≈71% ITM Gamma 0.16 Theta -0.229 Vega 0.005 Open interest 1.3k Model this call Put · $20.5 Last $0.60 Breakeven $19.90 Implied vol 195.1% Delta -0.327 ≈33% ITM Gamma 0.131 Theta -0.315 Vega 0.005 Open interest 218 Model this put
2.6k	599	159.6%	0.615	$1.21		$0.89	-0.398	196.4%	657	323
Call · $21 In the money Last $1.21 Breakeven $22.21 Implied vol 159.6% Delta 0.615 ≈61% ITM Gamma 0.167 Theta -0.271 Vega 0.006 Open interest 2.6k Model this call Put · $21 Last $0.89 Breakeven $20.11 Implied vol 196.4% Delta -0.398 ≈40% ITM Gamma 0.136 Theta -0.334 Vega 0.006 Open interest 323 Model this put
Underlying $21.37
1.2k	1.5k	167.5%	0.529	$1.00		$1.16	-0.467	200.4%	991	106
Call · $21.5 Last $1.00 Breakeven $22.50 Implied vol 167.5% Delta 0.529 ≈53% ITM Gamma 0.167 Theta -0.3 Vega 0.006 Open interest 1.2k Model this call Put · $21.5 In the money Last $1.16 Breakeven $20.34 Implied vol 200.4% Delta -0.467 ≈47% ITM Gamma 0.14 Theta -0.356 Vega 0.006 Open interest 106 Model this put
2.1k	1.6k	169.9%	0.45	$0.81		$1.42	-0.534	200.7%	103	67
Call · $22 Last $0.81 Breakeven $22.81 Implied vol 169.9% Delta 0.45 ≈45% ITM Gamma 0.162 Theta -0.298 Vega 0.006 Open interest 2.1k Model this call Put · $22 In the money Last $1.42 Breakeven $20.58 Implied vol 200.7% Delta -0.534 ≈53% ITM Gamma 0.138 Theta -0.351 Vega 0.006 Open interest 67 Model this put
891	283	173.3%	0.375	$0.64		$1.88	-0.597	206%	42	153
Call · $22.5 Last $0.64 Breakeven $23.14 Implied vol 173.3% Delta 0.375 ≈37% ITM Gamma 0.154 Theta -0.296 Vega 0.005 Open interest 891 Model this call Put · $22.5 In the money Last $1.88 Breakeven $20.62 Implied vol 206% Delta -0.597 ≈60% ITM Gamma 0.132 Theta -0.354 Vega 0.006 Open interest 153 Model this put
1.8k	1.5k	175.5%	0.311	$0.47		$2.15	-0.649	213.8%	60	151
Call · $23 Last $0.47 Breakeven $23.47 Implied vol 175.5% Delta 0.311 ≈31% ITM Gamma 0.14 Theta -0.274 Vega 0.005 Open interest 1.8k Model this call Put · $23 In the money Last $2.15 Breakeven $20.85 Implied vol 213.8% Delta -0.649 ≈65% ITM Gamma 0.121 Theta -0.35 Vega 0.005 Open interest 151 Model this put
532	662	181.5%	0.255	$0.38		$2.63	-0.696	219.4%	12	12
Call · $23.5 Last $0.38 Breakeven $23.88 Implied vol 181.5% Delta 0.255 ≈25% ITM Gamma 0.124 Theta -0.261 Vega 0.005 Open interest 532 Model this call Put · $23.5 In the money Last $2.63 Breakeven $20.87 Implied vol 219.4% Delta -0.696 ≈70% ITM Gamma 0.111 Theta -0.337 Vega 0.005 Open interest 12 Model this put
3.7k	665	184.8%	0.21	$0.30		$2.89	-0.739	226.7%	7	53
Call · $24 Last $0.30 Breakeven $24.30 Implied vol 184.8% Delta 0.21 ≈21% ITM Gamma 0.108 Theta -0.236 Vega 0.004 Open interest 3.7k Model this call Put · $24 In the money Last $2.89 Breakeven $21.11 Implied vol 226.7% Delta -0.739 ≈74% ITM Gamma 0.101 Theta -0.328 Vega 0.005 Open interest 53 Model this put
537	135	187.8%	0.169	$0.25		$3.30	-0.739	265.7%	1	18
Call · $24.5 Last $0.25 Breakeven $24.75 Implied vol 187.8% Delta 0.169 ≈17% ITM Gamma 0.093 Theta -0.21 Vega 0.004 Open interest 537 Model this call Put · $24.5 In the money Last $3.30 Breakeven $21.20 Implied vol 265.7% Delta -0.739 ≈74% ITM Gamma 0.086 Theta -0.385 Vega 0.005 Open interest 18 Model this put
1.5k	1.6k	189%	0.133	$0.19		$3.70	-0.769	268%	3	327
Call · $25 Last $0.19 Breakeven $25.19 Implied vol 189% Delta 0.133 ≈13% ITM Gamma 0.079 Theta -0.18 Vega 0.003 Open interest 1.5k Model this call Put · $25 In the money Last $3.70 Breakeven $21.30 Implied vol 268% Delta -0.769 ≈77% ITM Gamma 0.079 Theta -0.359 Vega 0.004 Open interest 327 Model this put
1.2k	130	199.7%	0.117	$0.15		$5.47	-0.904	184.7%	2	4
Call · $25.5 Last $0.15 Breakeven $25.65 Implied vol 199.7% Delta 0.117 ≈12% ITM Gamma 0.068 Theta -0.173 Vega 0.003 Open interest 1.2k Model this call Put · $25.5 In the money Last $5.47 Breakeven $20.03 Implied vol 184.7% Delta -0.904 ≈90% ITM Gamma 0.064 Theta -0.137 Vega 0.003 Open interest 4 Model this put
1.8k	232	197.7%	0.087	$0.11		$4.78	-0.8	296.1%	1	36
Call · $26 Last $0.11 Breakeven $26.11 Implied vol 197.7% Delta 0.087 ≈9% ITM Gamma 0.055 Theta -0.138 Vega 0.003 Open interest 1.8k Model this call Put · $26 In the money Last $4.78 Breakeven $21.22 Implied vol 296.1% Delta -0.8 ≈80% ITM Gamma 0.065 Theta -0.363 Vega 0.004 Open interest 36 Model this put
190	111	203.3%	0.072	$0.09		$6.82	-0.809	314.5%	3	4
Call · $26.5 Last $0.09 Breakeven $26.59 Implied vol 203.3% Delta 0.072 ≈7% ITM Gamma 0.047 Theta -0.123 Vega 0.002 Open interest 190 Model this call Put · $26.5 In the money Last $6.82 Breakeven $19.68 Implied vol 314.5% Delta -0.809 ≈81% ITM Gamma 0.06 Theta -0.375 Vega 0.004 Open interest 4 Model this put
387	300	216.2%	0.068	$0.07		$7.64	-0.879	266.8%	5	8
Call · $27 Last $0.07 Breakeven $27.07 Implied vol 216.2% Delta 0.068 ≈7% ITM Gamma 0.042 Theta -0.125 Vega 0.002 Open interest 387 Model this call Put · $27 In the money Last $7.64 Breakeven $19.36 Implied vol 266.8% Delta -0.879 ≈88% ITM Gamma 0.052 Theta -0.234 Vega 0.003 Open interest 8 Model this put
145	15	208%	0.046	$0.07		$6.09	-0.902	264.2%	2	3
Call · $27.5 Last $0.07 Breakeven $27.57 Implied vol 208% Delta 0.046 ≈5% ITM Gamma 0.032 Theta -0.087 Vega 0.002 Open interest 145 Model this call Put · $27.5 In the money Last $6.09 Breakeven $21.41 Implied vol 264.2% Delta -0.902 ≈90% ITM Gamma 0.045 Theta -0.199 Vega 0.003 Open interest 3 Model this put
687	78	226.6%	0.049	$0.06		$6.58	-0.866	322%	3	3
Call · $28 Last $0.06 Breakeven $28.06 Implied vol 226.6% Delta 0.049 ≈5% ITM Gamma 0.031 Theta -0.101 Vega 0.002 Open interest 687 Model this call Put · $28 In the money Last $6.58 Breakeven $21.42 Implied vol 322% Delta -0.866 ≈87% ITM Gamma 0.047 Theta -0.306 Vega 0.003 Open interest 3 Model this put
0	1	233.1%	0.042	$0.09		$6.99	-0.845	370.2%	2	1
Call · $28.5 Last $0.09 Breakeven $28.59 Implied vol 233.1% Delta 0.042 ≈4% ITM Gamma 0.026 Theta -0.091 Vega 0.002 Open interest 0 Model this call Put · $28.5 In the money Last $6.99 Breakeven $21.51 Implied vol 370.2% Delta -0.845 ≈84% ITM Gamma 0.045 Theta -0.392 Vega 0.003 Open interest 1 Model this put
287	109	254%	0.048	$0.03		$7.33	-0.931	282.2%	2	9
Call · $29 Last $0.03 Breakeven $29.03 Implied vol 254% Delta 0.048 ≈5% ITM Gamma 0.027 Theta -0.111 Vega 0.002 Open interest 287 Model this call Put · $29 In the money Last $7.33 Breakeven $21.67 Implied vol 282.2% Delta -0.931 ≈93% ITM Gamma 0.033 Theta -0.163 Vega 0.002 Open interest 9 Model this put
0	30	224.2%	0.021	$0.04		$8.04	-0.885	355.2%	5	3
Call · $29.5 Last $0.04 Breakeven $29.54 Implied vol 224.2% Delta 0.021 ≈2% ITM Gamma 0.016 Theta -0.05 Vega 0.001 Open interest 0 Model this call Put · $29.5 In the money Last $8.04 Breakeven $21.46 Implied vol 355.2% Delta -0.885 ≈88% ITM Gamma 0.038 Theta -0.301 Vega 0.003 Open interest 3 Model this put
1.4k	188	240.2%	0.024	$0.08		$8.54	-0.888	368.6%	3	3
Call · $30 Last $0.08 Breakeven $30.08 Implied vol 240.2% Delta 0.024 ≈2% ITM Gamma 0.016 Theta -0.058 Vega 0.001 Open interest 1.4k Model this call Put · $30 In the money Last $8.54 Breakeven $21.46 Implied vol 368.6% Delta -0.888 ≈89% ITM Gamma 0.036 Theta -0.307 Vega 0.003 Open interest 3 Model this put
1	1	244.5%	0.02	$0.04		$8.93	-0.872	406.7%	2	4
Call · $30.5 Last $0.04 Breakeven $30.54 Implied vol 244.5% Delta 0.02 ≈2% ITM Gamma 0.013 Theta -0.051 Vega 0.001 Open interest 1 Model this call Put · $30.5 In the money Last $8.93 Breakeven $21.57 Implied vol 406.7% Delta -0.872 ≈87% ITM Gamma 0.036 Theta -0.373 Vega 0.003 Open interest 4 Model this put
116	1	288.2%	0.035	$0.13		$9.50	—	—	2	5
Call · $31 Last $0.13 Breakeven $31.13 Implied vol 288.2% Delta 0.035 ≈4% ITM Gamma 0.019 Theta -0.099 Vega 0.001 Open interest 116 Model this call Put · $31 In the money Last $9.50 Breakeven $21.50 Implied vol — Delta — Gamma — Theta — Vega — Open interest 5 Model this put
30	1	331.1%	0.046	$0.04		$11.50	-0.831	525.9%	5	6
Call · $32 Last $0.04 Breakeven $32.04 Implied vol 331.1% Delta 0.046 ≈5% ITM Gamma 0.02 Theta -0.14 Vega 0.002 Open interest 30 Model this call Put · $32 In the money Last $11.50 Breakeven $20.50 Implied vol 525.9% Delta -0.831 ≈83% ITM Gamma 0.034 Theta -0.589 Vega 0.003 Open interest 6 Model this put
115	43	314.9%	0.013	$0.01		$13.51	-0.934	438.2%	2	1
Call · $35 Last $0.01 Breakeven $35.01 Implied vol 314.9% Delta 0.013 ≈1% ITM Gamma 0.007 Theta -0.046 Vega 0 Open interest 115 Model this call Put · $35 In the money Last $13.51 Breakeven $21.49 Implied vol 438.2% Delta -0.934 ≈93% ITM Gamma 0.02 Theta -0.244 Vega 0.002 Open interest 1 Model this put

About this data

Greeks, implied volatility, open interest and the last price come from the latest daily snapshot and are 15-minute delayed. Bid and ask are not included on this plan.

In-the-money strikes are tinted, deepening toward the money, and the bar beside each open-interest figure scales to the heaviest strike shown. The 25 strikes around the money are shown by default — switch to "All 43" for the wings. Max pain is the listed strike where the most open interest would expire worthless — a positioning reference, not a forecast.

Key facts CIK 1907982 CUSIP 26740W109 13F (30d) 236 filings 236 filers Visit website Investor relations