# QBTS: options-positioning snapshot

Canonical: https://halfonadouble.com/stock/QBTS
Data through: 2026-10-02 close
Publisher: Half on a Double

| Published field | Value |
| --- | --- |
| Close (USD/share) | 15.77 |
| Delta neutral (USD/share) | 16.96 |
| Gamma neutral (USD/share) | 16.45 |
| Gamma max (USD/share) | 21.23 |
| Open interest (contracts) | 561,511 |
| Nearest-expiration max pain (USD/share) | 17.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 18.00 |
| Net gamma exposure | -2,627,385 |
| Confirmed GEX flip (USD/share) | 16.45 |
| Call wall (USD/share) | 20.00 |
| Put wall (USD/share) | 16.00 |
| Put/call open-interest ratio | 0.77 |
| Options catalyst-intensity score (0–100) | 50.4 |
| Options directional score (-100 to +100) | 6.2 |
| IV rank | 73.7 |
| Front ATM IV | +66.9% |
| Front-minus-back IV | -10.4 pp |
| Front expected move | +9.3% |
| Front ATM straddle / spot | +7.0% |
| Front 25-delta risk reversal | -4.2 pp |
| Call OI change, 1 session | -24,938 contracts · -7.3% |
| Put OI change, 1 session | -8,282 contracts · -3.3% |
| Call minus put OI growth, 1 session | -4.0 pp |
| Call OI change, 5 sessions | -4,970 contracts · -1.5% |
| Put OI change, 5 sessions | -613 contracts · -0.2% |
| Call minus put OI growth, 5 sessions | -1.3 pp |
| Daily call OI change surprise | -0.95σ (252 prior changes) |
| Daily put OI change surprise | -0.44σ (252 prior changes) |
| Daily call-minus-put growth surprise | -1.40σ (252 prior changes) |
| Daily open interest change (contracts) | -33,220 |
| Daily open interest change z-score (prior 252) | -0.76σ (252 prior changes) |
| Gamma max distance from close | +34.6% |
| Delta neutral distance from close | +7.5% |
| Prior-year sessions closer to gamma max | 91.7% of 252 |
| Prior-year sessions closer to delta neutral | 42.9% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 23 | +0.1% | -2.6% to +5.3% | 52% | -1.9% to +5.1% | 0.0% |
| above | Day +3 | 23 | -1.4% | -14.9% to +0.8% | 39% | -8.6% to +0.2% | 0.0% |
| above | Day +5 | 23 | -2.6% | -7.2% to +4.6% | 35% | -6.7% to +0.2% | 0.0% |
| above | Day +10 | 23 | -6.2% | -13.2% to +13.4% | 39% | -12.6% to +3.4% | 0.0% |
| below | Day +1 | 21 | -1.8% | -4.4% to +0.1% | 29% | -4.1% to -0.2% | -0.2% |
| below | Day +3 | 21 | -2.0% | -5.9% to +4.1% | 38% | -4.4% to +3.1% | 0.0% |
| below | Day +5 | 21 | -0.4% | -9.5% to +2.7% | 38% | -8.2% to +2.1% | 0.0% |
| below | Day +10 | 21 | -2.7% | -12.3% to +12.5% | 43% | -11.8% to +8.7% | 0.0% |

Returns are close-to-close after the labelled number of subsequent trading sessions. Cohorts require gamma max to be within 10% of the close on both crossing sessions. Historical windows can overlap and are not independent observations, so interval coverage is not guaranteed.

- [Machine-readable snapshot](https://halfonadouble.com/api/v1/tickers/QBTS.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/QBTS.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/QBTS.json?date=2026-10-02)

An em dash means unavailable, not zero. Values use the same display rounding as the HTML page. This is a current snapshot; full history and individual event paths are on the canonical page.

[Definitions and limitations](https://halfonadouble.com/methodology.md).