D-Wave Quantum (NYSE:QBTS) has experienced significant options activity, with 18 extraordinary trades observed by Benzinga’s options scanner in a single day. This level of activity suggests that substantial changes are on the horizon for the company.
Among the notable investors, 61% have taken a bullish stance, while 33% remain bearish. The majority of these traders are focusing on a price range between $2.0 and $11.0 for D-Wave Quantum, indicating potential market movement in this band.
The largest options trades observed include a put sweep for $8.00 with an estimated trade value of $160,400 and a call sweep for $7.00 with an expected price of $1.85. These significant trades indicate that the investors are positioning themselves for potential price movements.
D-Wave Quantum Inc is a commercial supplier of quantum computers and offers practical applications in logistics, artificial intelligence, materials sciences, drug discovery, and more. The company’s mission is to unlock the power of quantum computing today to benefit business and society.
At present, the stock price of QBTS stands at $7.53, up 1.83% from its previous close, with a volume of 63,792,645 shares traded. Analysts have issued ratings for this stock, including a consensus target price of $11.00.
As options trading can be riskier than traditional stock trading but offers higher profit potential, serious traders should educate themselves daily and manage their trades accordingly. For real-time options trade alerts on D-Wave Quantum, Benzinga Pro provides the necessary tools and information to stay updated.
Source: https://www.nasdaq.com/articles/unpacking-latest-options-trading-trends-d-wave-quantum