D-Wave Quantum Inc. (QBTS) Options Chain

The options chain displays all available contracts with end-of-day quotes, Greeks, volume, and open interest for each strike and expiration, and streams live quotes for traders who connect a broker. It is the primary tool for options trade selection.

D-Wave Quantum Inc. (QBTS) operates in the Technology sector, specifically the Computer Hardware industry, with a market capitalization near $7.62B, listed on NASDAQ, employing roughly 385 people, carrying a beta of 2.16 to the broader market. Operating globally, D-Wave Quantum Inc. Led by Alan E. Baratz, public since 2020-12-11.

Snapshot as of Aug 14, 2026.

Spot Price

$21.27

Total OI

583.4K

Total Volume

36.4K

Front Expiration

28 days

Second Expiration

35 days

ATM IV

78.5%

Avg Bid/Ask Spread

17.63%

As of Aug 14, 2026, D-Wave Quantum Inc. (QBTS) has 583.4K open contracts and 36.4K contracts traded. The nearest expiration is 28 days out, followed by 35 days. ATM implied volatility is 78.5%. Average bid/ask spread across the chain is 17.63%: wider spreads, size positions conservatively. The options chain aggregates every listed strike and expiration, letting traders evaluate skew, term structure, and liquidity in a single view.

How QBTS options chain Data Feeds Strategy Selection

Strategy selection on D-Wave Quantum Inc. options does not derive from any single metric in isolation. The options chain view above sits inside a broader read: ATM IV currently sits at 78.5% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the options chain data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.

How to read the QBTS chain depth

The listed-expirations table above shows every expiration available for D-Wave Quantum Inc. options with its days-to-expiration count and ATM implied volatility. Front-month expirations carry the most volume, the highest gamma, and the tightest bid-ask spreads; longer-dated tenors carry less liquidity but more vega exposure. QBTS front expiration sits at 28 days - the typical hedging horizon for monthly options. The contango term-structure slope of 0.008 means longer-dated tenors price in proportionally more IV.

QBTS chain mechanics and execution

Options are listed at standardized strike intervals (typically $1 for sub-$25 underlyings, $2.50-$5 for mid-cap, $10-$50 for large-cap), and the deltas of each listed strike are determined by where IV lies relative to the strike's moneyness. Average bid/ask spread on the QBTS chain is 17.63% - a measure of liquidity. Tighter spreads on liquid strikes mean lower transaction costs; wider spreads on long-dated or far-OTM strikes mean execution drag can dominate the math. The chain table on the SPA side shows the full per-strike, per-expiration grid; this SSR page summarizes the listed expirations and the front-month context to anchor the structural read.

Using the QBTS chain to build structures

Strategy selection starts with the chain: directional theses use single-leg calls or puts, range-bound theses use credit spreads or iron condors, vol theses use straddles or strangles, calendar theses use diagonal spreads. QBTS's current 22.50% expected move anchors wing placement - structures with wings at the implied band collect the modal-outcome premium under lognormal assumptions. Cross-reference with the gamma-exposure profile to understand where dealer hedging will reinforce or fight your position, and with the volatility-skew chart to confirm the strikes you're trading sit at the IV levels your strategy assumes.

Learn how the options chain is reported and how to read the data →

QBTS listed expirations

Per-expiration ATM implied volatility for QBTS options. Each row is one listed expiration with its days-to-expiration count and ATM IV pulled from the same term-structure feed that powers the SPA's expiration filter. Front-month expirations carry the highest gamma, the tightest bid-ask spreads, and the most volume; longer-dated tenors carry less liquidity but more vega.

Frequently asked QBTS options chain questions

What does the QBTS options chain show right now?

As of Aug 14, 2026, D-Wave Quantum Inc. (QBTS) has 583.4K contracts outstanding and 36.4K traded today, with ATM IV of 78.5%. The full chain spans every listed strike and expiration with bid/ask, Greeks, volume, and open interest per contract.

What expirations are available for QBTS options?

The nearest expiration is 28 days out, followed by 35 days. Listed expirations typically extend monthly with weeklies between, plus LEAPS one to two years out for liquid names.

How tight are QBTS options bid/ask spreads?

Average bid/ask spread across the chain is 17.63%. Wider spreads warrant conservative sizing; mid-market fills are unreliable for retail-size orders.