Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (XNDU) Options Chain
The options chain displays all available contracts with real-time quotes, Greeks, volume, and open interest for each strike and expiration. It is the primary tool for options trade selection.
Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (XNDU) operates in the Technology sector, specifically the Software - Infrastructure industry, with a market capitalization near $253.1M, listed on NASDAQ, employing roughly 3 people, carrying a beta of 2.76 to the broader market. Xanadu Quantum Technologies Inc. Led by Christian Weedbrook, public since 2026-03-27.
Snapshot as of Jun 30, 2026.
- Spot Price
- $12.10
- Total OI
- 35.1K
- Total Volume
- 1.4K
- Front Expiration
- 31 days
- Second Expiration
- 38 days
- ATM IV
- 125.5%
- Avg Bid/Ask Spread
- 51.77%
As of Jun 30, 2026, Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (XNDU) has 35.1K open contracts and 1.4K contracts traded. The nearest expiration is 31 days out, followed by 38 days. ATM implied volatility is 125.5%. Average bid/ask spread across the chain is 51.77%: 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 XNDU options chain Data Feeds Strategy Selection
Strategy selection on Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares 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 125.5% and dealer gamma exposure is negative, so dealer hedging amplifies directional moves. 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 XNDU chain depth
The listed-expirations table above shows every expiration available for Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares 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. XNDU front expiration sits at 31 days - the typical hedging horizon for monthly options. The contango term-structure slope of 0.324 means longer-dated tenors price in proportionally more IV.
XNDU 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 XNDU chain is 51.77% - 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 XNDU 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. XNDU's current 35.98% 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 →
XNDU listed expirations
Per-expiration ATM implied volatility for XNDU 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.
| Expiration | DTE | ATM IV |
|---|---|---|
| Jul 2, 2026 | 2 | 209.2% |
| Jul 10, 2026 | 10 | 127.9% |
| Jul 17, 2026 | 17 | 116.7% |
| Jul 24, 2026 | 24 | 162.5% |
| Jul 31, 2026 | 31 | 119.9% |
| Aug 7, 2026 | 38 | 152.3% |
| Aug 21, 2026 | 52 | 126.5% |
| Oct 16, 2026 | 108 | 123.3% |
| Jan 15, 2027 | 199 | 121.2% |
| Mar 19, 2027 | 262 | 123.6% |
Frequently asked XNDU options chain questions
- What does the XNDU options chain show right now?
- As of Jun 30, 2026, Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (XNDU) has 35.1K contracts outstanding and 1.4K traded today, with ATM IV of 125.5%. The full chain spans every listed strike and expiration with bid/ask, Greeks, volume, and open interest per contract.
- What expirations are available for XNDU options?
- The nearest expiration is 31 days out, followed by 38 days. Listed expirations typically extend monthly with weeklies between, plus LEAPS one to two years out for liquid names.
- How tight are XNDU options bid/ask spreads?
- Average bid/ask spread across the chain is 51.77%. Wider spreads warrant conservative sizing; mid-market fills are unreliable for retail-size orders.