Quantum computing stocks are experiencing a surge in value, with IonQ, Rigetti Computing, and D-Wave Quantum all seeing significant increases. The companies’ stock prices have risen at least 7% each, driven by a wave of bullish options activity.
Specifically, IonQ has seen nearly 50,000 calls traded, which is above the 20-day average. This suggests that investors are betting on the company’s potential for growth. Similarly, Rigetti Computing has seen over 65,000 calls traded, with a put/call ratio of about 0.7.
While D-Wave Quantum’s stock price increase is not as dramatic, its options activity is also skewed towards the bull side, with a put/call ratio of less than 0.3. This indicates that investors are optimistic about the company’s future prospects.
These trends mirror those seen in late August and September, when quantum computing stocks nearly doubled due to government support, M&A activity, tech breakthroughs, and price target hikes from Wall Street.
Source: https://sherwood.news/markets/quantum-computing-stocks-soar-on-return-of-bullish-options-bets