QUBT Collar Strategy
QUBT (Quantum Computing, Inc.), in the Technology sector, (Computer Hardware industry), listed on NASDAQ.
Quantum Computing, Inc. focuses on providing software tools and applications for quantum computers in Virginia. The company offers Qatalyst, a quantum application accelerator that enables developers to create and execute quantum-ready applications on conventional computers, while being ready to run on quantum computers as well as provides multiple quantum processing units including DWave, Rigetti, and IonQ. It focuses on serving commercial and government entities. The company, formerly known as Innovative Beverage Group Holdings, Inc. Quantum Computing, Inc. was founded in 2018 and is based in Leesburg, Virginia.
QUBT (Quantum Computing, Inc.) trades in the Technology sector, specifically Computer Hardware, with a market capitalization of approximately $1.51B, a beta of 3.70 versus the broader market, a 52-week range of 6.18-25.84, average daily share volume of 15.1M, 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 3.70 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 collar on QUBT?
A collar pairs long stock with a protective out-of-the-money put financed by a short out-of-the-money call, capping both tails of the position around the current spot.
Current QUBT snapshot
As of May 15, 2026, spot at $10.61, ATM IV 98.92%, IV rank 29.80%, expected move 28.36%. The collar 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 28-day expiry.
Why this collar structure on QUBT specifically: IV regime affects collar pricing on both sides; compressed QUBT IV at 98.92% typically pushes the short call premium to roughly offset the long put cost, with a market-implied 1-standard-deviation move of approximately 28.36% (roughly $3.01 on the underlying). The 28-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 $10.61 per share and to the trader's directional view on QUBT stock.
QUBT collar setup
The QUBT collar 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 $10.61, the first option leg uses a $11.00 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 28-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 100 shares | Stock | $10.61 | long |
| Sell 1 | Call | $11.00 | $1.04 |
| Buy 1 | Put | $10.00 | $0.81 |
QUBT collar risk and reward
- Net Premium / Debit
- -$1,038.00
- Max Profit (per contract)
- $62.00
- Max Loss (per contract)
- -$38.00
- Breakeven(s)
- $10.38
- Risk / Reward Ratio
- 1.632
Max profit roughly equals short-call strike minus cost basis plus net premium; max loss roughly equals cost basis minus long-put strike minus net premium. Breakeven shifts by the net premium.
QUBT collar payoff curve
Modeled P&L at expiration across a range of underlying prices for the collar 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.
| Underlying Price | % From Spot | P&L at Expiration |
|---|---|---|
| $0.01 | -99.9% | -$38.00 |
| $2.35 | -77.8% | -$38.00 |
| $4.70 | -55.7% | -$38.00 |
| $7.04 | -33.6% | -$38.00 |
| $9.39 | -11.5% | -$38.00 |
| $11.73 | +10.6% | +$62.00 |
| $14.08 | +32.7% | +$62.00 |
| $16.42 | +54.8% | +$62.00 |
| $18.77 | +76.9% | +$62.00 |
| $21.11 | +99.0% | +$62.00 |
When traders use collar on QUBT
Collars on QUBT hedge an existing long QUBT stock position; the long put sets a floor while the short call finances it, often run as a near-zero-cost hedge during expected volatility windows.
QUBT thesis for this collar
The market-implied 1-standard-deviation range for QUBT extends from approximately $7.60 on the downside to $13.62 on the upside. A QUBT collar hedges an existing long QUBT position with a protective put while financing the put cost via a short call; when the premiums roughly offset, the collar acts as a near-zero-cost insurance band around the current spot. Current QUBT IV rank near 29.80% sits in the lower third of its 1-year distribution, where IV often re-expands toward the mean; this favors premium-buying structures and disadvantages premium-selling structures on QUBT at 98.92%. 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 collar positions are structurally neutral (protective); 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. Always rebuild the position from current QUBT chain quotes before placing a trade.
Frequently asked questions
- What is a collar on QUBT?
- A collar on QUBT is the collar strategy applied to QUBT (stock). The strategy is structurally neutral (protective): A collar pairs long stock with a protective out-of-the-money put financed by a short out-of-the-money call, capping both tails of the position around the current spot. With QUBT stock trading near $10.61, 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 collar max profit and max loss calculated?
- Max profit roughly equals short-call strike minus cost basis plus net premium; max loss roughly equals cost basis minus long-put strike minus net premium. Breakeven shifts by the net premium. For the QUBT collar priced from the end-of-day chain at a 30-day expiry (ATM IV 98.92%), the computed maximum profit is $62.00 per contract and the computed maximum loss is -$38.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a QUBT collar?
- The breakeven for the QUBT collar priced on this page is roughly $10.38 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 28.36%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a collar on QUBT?
- Collars on QUBT hedge an existing long QUBT stock position; the long put sets a floor while the short call finances it, often run as a near-zero-cost hedge during expected volatility windows.
- How does current QUBT implied volatility affect this collar?
- QUBT ATM IV is at 98.92% with IV rank near 29.80%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.