D-Wave Quantum soars on a wave of bullish options bets
Shares of D-Wave Quantum are roaring higher, up 8% as of 11:27 a.m. ET, as traders press wagers on short-term upside for the annealing-centric quantum computing company.
Call volumes are running at 110,453 as of 11:28 a.m., more than double the 20-day moving average. And that flow has a particularly bullish tilt to it: the put/call ratio is under 0.2 so far, versus the 20-day average of 0.36.
The contracts seeing the most activity are call options that expire this Friday with strike prices of $21, $20, and $19.50.
