D-Wave Quantum Inc. (QBTS) Expected Move
Expected move estimates the probable price range for a given period based on at-the-money options pricing. It reflects the market consensus for volatility over the selected timeframe.
D-Wave Quantum Inc. (QBTS) operates in the Technology sector, specifically the Computer Hardware industry, with a market capitalization near $7.87B, listed on NYSE, employing roughly 216 people, carrying a beta of 1.94 to the broader market. D-Wave Quantum Inc. Led by Alan E. Baratz, public since 2020-12-11.
Snapshot as of May 15, 2026.
- Spot Price
- $20.45
- Expected Move
- 27.5%
- Implied High
- $26.07
- Implied Low
- $14.83
- Front DTE
- 28 days
As of May 15, 2026, D-Wave Quantum Inc. (QBTS) has an expected move of 27.48%, a one-standard-deviation implied price range of roughly $14.83 to $26.07 from the current $20.45. Expected move is derived from at-the-money straddle pricing and represents the market's pricing of a ±1σ move. Roughly 68% of outcomes should fall within this range under lognormal assumptions, though empirical markets have fatter tails.
QBTS Strategy Sizing to the Expected Move
With D-Wave Quantum Inc. pricing an expected move of 27.48% from $20.45, risk-defined strategies sized to the implied range structurally target the modal outcome distribution. Iron condors with wings at the ±1σ expected move boundaries collect premium against the ~68% probability that spot stays inside the range under lognormal assumptions; strangles set wider at ±1.5σ or ±2σ target the tails but pay smaller per-trade premium. Long-vol structures (long straddles, ratio backspreads) profit when realized move exceeds the implied move, the inverse trade: they bet against the lognormal assumption itself, capitalizing on the empirically fatter equity-return tails.
Learn how expected move is reported and how to read the data →
Per-expiration expected move for QBTS derived from ATM implied volatility at each listed expiration. Implied high/low bounds are computed as $20.45 × (1 ± expected move %). One standard-deviation range under lognormal assumptions, roughly 68% of outcomes fall inside.
| Expiration | DTE | ATM IV | Expected Move | Implied High | Implied Low |
|---|---|---|---|---|---|
| May 22, 2026 | 7 | 92.4% | 12.8% | $23.07 | $17.83 |
| May 29, 2026 | 14 | 89.3% | 17.5% | $24.03 | $16.87 |
| Jun 5, 2026 | 21 | 95.9% | 23.0% | $25.15 | $15.75 |
| Jun 12, 2026 | 28 | 96.7% | 26.8% | $25.93 | $14.97 |
| Jun 18, 2026 | 34 | 94.4% | 28.8% | $26.34 | $14.56 |
| Jun 26, 2026 | 42 | 94.4% | 32.0% | $27.00 | $13.90 |
| Jul 17, 2026 | 63 | 94.2% | 39.1% | $28.45 | $12.45 |
| Sep 18, 2026 | 126 | 95.9% | 56.3% | $31.97 | $8.93 |
| Oct 16, 2026 | 154 | 96.5% | 62.7% | $33.27 | $7.63 |
| Nov 20, 2026 | 189 | 98.6% | 71.0% | $34.96 | $5.94 |
| Jan 15, 2027 | 245 | 96.5% | 79.1% | $36.62 | $4.28 |
| Mar 19, 2027 | 308 | 100.8% | 92.6% | $39.39 | $1.51 |
| Jan 21, 2028 | 616 | 96.8% | 125.8% | $46.17 | $-5.27 |
Frequently asked QBTS expected move questions
- What is the current QBTS expected move?
- As of May 15, 2026, D-Wave Quantum Inc. (QBTS) has an expected move of 27.48% over the next 28 days, implying a one-standard-deviation price range of $14.83 to $26.07 from the current $20.45. The expected move is derived from at-the-money straddle pricing and represents the market consensus for a ±1σ price move.
- What does the QBTS expected move mean for traders?
- Roughly 68% of outcomes should fall within ±1 expected move and 95% within ±2 under lognormal assumptions, though equity returns have empirically fatter tails than log-normal predicts. Strategies sized to the expected move (iron condors at ±1σ, strangles at ±1.5σ) target the typical outcome distribution; strategies that profit from tail moves (long-vol structures, ratio backspreads) target the tails the lognormal model under-prices.
- How is QBTS expected move calculated?
- The expected move displayed here is derived from at-the-money implied volatility scaled to the chosen tenor: expected move % is approximately ATM IV times sqrt(T / 365), where T is days to expiration. An equivalent straddle-based form: the ATM straddle (call + put at the same strike) is roughly sqrt(2/pi) times spot times IV times sqrt(T/365), so the implied one-standard-deviation move is approximately 1.25 times ATM straddle divided by spot. The two formulations agree once the sqrt(2/pi) constant is reconciled.