How are QUBT bear put spread max profit and max loss calculated?

Max profit equals strike width minus net debit times 100; max loss equals net debit times 100. Breakeven is long-put strike minus net debit. For the QUBT bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 98.51%), the computed maximum profit is $21.50 per contract and the computed maximum loss is -$28.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a QUBT bear put spread?

The breakeven for the QUBT bear put spread priced on this page is roughly $9.22 at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current QUBT market-implied 1-standard-deviation expected move is approximately 28.24%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current QUBT implied volatility affect this bear put spread?

QUBT ATM IV is at 98.51% with IV rank near 33.04%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.

QUBT Bear Put Spread Strategy

QUBT (Quantum Computing, Inc.), in the Technology sector, (Computer Hardware industry), listed on NASDAQ.

Quantum Computing, Inc. (QUBT) is a Virginia-based technology firm dedicated to developing advanced software solutions for quantum computing. A cornerstone of their offerings is Qatalyst, a quantum application accelerator designed to empower developers. This platform allows users to design and execute 'quantum-ready' applications on conventional computing systems, ensuring seamless transition and compatibility with actual quantum hardware. Furthermore, QCI provides access to a variety of leading quantum processing units (QPUs), including D-Wave, Rigetti, and IonQ. The company primarily serves commercial enterprises and government organizations. Founded in 2018 and headquartered in Leesburg, Virginia, Quantum Computing, Inc. was previously known as Innovative Beverage Group Holdings, Inc.

QUBT (Quantum Computing, Inc.) trades in the Technology sector, specifically Computer Hardware, with a market capitalization of approximately $1.25B, a beta of 3.74 versus the broader market, a 52-week range of 6.18-25.84, average daily share volume of 20.9M, a public-listing history dating back to 2007, approximately 41 full-time employees. These structural characteristics shape how QUBT stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 3.74 indicates QUBT has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position.

What is a bear put spread on QUBT?

A bear put spread buys an at-the-money put and sells an out-of-the-money put at a lower strike for defined risk and defined reward bounded by the strike width.

Current QUBT snapshot

As of June 30, 2026, spot at $9.71, ATM IV 98.51%, IV rank 33.04%, expected move 28.24%. The bear put spread on QUBT below is built from the same end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 31-day expiry.

Why this bear put spread structure on QUBT specifically: QUBT IV at 98.51% is mid-range versus its 1-year history, so strategy selection should anchor more to the directional thesis than to the IV regime, with a market-implied 1-standard-deviation move of approximately 28.24% (roughly $2.74 on the underlying). The 31-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated QUBT expiries trade a higher absolute premium for lower per-day decay. Position sizing on QUBT should anchor to the underlying notional of $9.71 per share and to the trader's directional view on QUBT stock.

QUBT bear put spread setup

The QUBT bear put spread below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With QUBT near $9.71, the first option leg uses a $9.50 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed QUBT chain at a 31-day expiry; the cross-strike IV skew is reflected directly in the per-leg values rather than approximated. Quantity sizing assumes one contract per option leg (or 100 QUBT shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Put	$9.50	$1.01
Sell 1	Put	$9.00	$0.72

QUBT bear put spread risk and reward

Net Premium / Debit: -$28.50
Max Profit (per contract): $21.50
Max Loss (per contract): -$28.50
Breakeven(s): $9.22
Risk / Reward Ratio: 0.754

Max profit equals strike width minus net debit times 100; max loss equals net debit times 100. Breakeven is long-put strike minus net debit.

QUBT bear put spread payoff curve

Modeled P&L at expiration across a range of underlying prices for the bear put spread on QUBT. Each row is one sampled price point from the computed payoff curve; the full curve uses 200 price points internally before being summarized into 10 rows here.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-99.9%	+$21.50
$2.16	-77.8%	+$21.50
$4.30	-55.7%	+$21.50
$6.45	-33.6%	+$21.50
$8.59	-11.5%	+$21.50
$10.74	+10.6%	-$28.50
$12.88	+32.7%	-$28.50
$15.03	+54.8%	-$28.50
$17.18	+76.9%	-$28.50
$19.32	+99.0%	-$28.50

When traders use bear put spread on QUBT

Bear put spreads on QUBT reduce the cost of a bearish QUBT stock position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.

QUBT thesis for this bear put spread

The market-implied 1-standard-deviation range for QUBT extends from approximately $6.97 on the downside to $12.45 on the upside. A QUBT bear put spread caps both the risk and the reward of a bearish position; relative to an outright long put on QUBT, the spread reduces the cost basis but limits the maximum profit to the strike width minus net debit. Current QUBT IV rank near 33.04% is mid-range against its 1-year distribution, so the IV signal is neutral; the bear put spread thesis on QUBT should anchor more to the directional view and the expected-move geometry. As a Technology name, QUBT options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to QUBT-specific events.

QUBT bear put spread positions are structurally moderately bearish; the modeled P&L assumes European-style exercise at expiration and ignores early assignment, transaction costs, dividends paid before expiry on the stock leg (when present), and the bid-ask spread on the listed chain. QUBT positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move QUBT alongside the broader basket even when QUBT-specific fundamentals are unchanged. Long-premium structures like a bear put spread on QUBT are particularly exposed to IV-crush risk through scheduled events (earnings, FDA decisions, central-bank meetings) where IV typically contracts post-event regardless of the directional outcome. Always rebuild the position from current QUBT chain quotes before placing a trade.

Frequently asked questions

What is a bear put spread on QUBT?: A bear put spread on QUBT is the bear put spread strategy applied to QUBT (stock). The strategy is structurally moderately bearish: A bear put spread buys an at-the-money put and sells an out-of-the-money put at a lower strike for defined risk and defined reward bounded by the strike width. With QUBT stock trading near $9.71, the strikes shown on this page are snapped to the nearest listed QUBT chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are QUBT bear put spread max profit and max loss calculated?: Max profit equals strike width minus net debit times 100; max loss equals net debit times 100. Breakeven is long-put strike minus net debit. For the QUBT bear put spread priced from the end-of-day chain at a 30-day expiry (ATM IV 98.51%), the computed maximum profit is $21.50 per contract and the computed maximum loss is -$28.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a QUBT bear put spread?: The breakeven for the QUBT bear put spread priced on this page is roughly $9.22 at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current QUBT market-implied 1-standard-deviation expected move is approximately 28.24%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a bear put spread on QUBT?: Bear put spreads on QUBT reduce the cost of a bearish QUBT stock position by selling a lower-strike put; suited to moderate-decline theses where price reaches but does not vastly exceed the short strike.
How does current QUBT implied volatility affect this bear put spread?: QUBT ATM IV is at 98.51% with IV rank near 33.04%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.