Option traders moderately bearish in D-Wave Quantum (QBTS), with shares down 26c near $20.96. Options volume relatively light with 51k contracts traded and calls leading puts for a put/call ratio of 0.41, compared to a typical level near 0.43. Implied volatility (IV30) is higher by 3.5 points near 97.89,in the bottom quartile of the past year, suggesting an expected daily move of $1.29. Put-call skew steepened, indicating increased demand for downside protection.
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