D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Launch, a quantum computing onboarding service; Ocean a full suite of open-source programming tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as...
Analyzing the options chain and the chart patterns of QBTS D-Wave Quantum prior to the earnings report this week,
I would consider purchasing the 2.50usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $0.57.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Premarket I put an order to go short at 1.90 at the 2.00 level, with a target of 1.61 anticipating the 1.50 support bouncing. My sell order got filled around 1:15pm.
QBTS Has a float of 79.38M, A low short float, a market cap of 222.12M, and a net income of -64.50M.
The stock has gone up 382% since its May lows
I see no news on May 22nd to justify the move.
D-WAVE QUANTUM - QBTS
Let's follow the price movement. This configuration is one of my favorite, but we need to see a strong breakout accompanied with strong volumes.
But the config looks quite strong in this AI-Quantum sector which is the strongest since few weeks.
Keep your stop tight, sit on your gains.
D-Wave Quantum, Inc. engages in the development and delivery of quantum computing systems, software, and services. It provides customers with access to the company’s quantum computing systems via the cloud in the form of quantum computing as a service products, and offers professional services such as customer assistance in identifying and implementing...
Quick idea - D-Wave Quantum is in a falling wedge, and may make an symmetrical move that is the inverse to what it has recently done.
It needs to be above a dollar by around July without any extension or it faces delisting. There is talk about a possible stock split, which would obviously change this pattern.
Borrow rate to short currently at 178.36%
Quantum Annealers work, look up Logistics Optimization of the Port of Los Angeles. Crane efficiency increased by 60%
Semiconductors are approaching 2nm and are having a real challenge dealing with quantum tunneling effects through gates.
Quantum computing will be the backbone of many systems and can be integrated into...