QBTS · Cash-Secured-Puts

D-Wave Quantum Inc. (QBTS) cash-secured puts

A modelled cash-secured put from the published implied volatility, with breakeven and buffer.

$15.79
Modelled strike
$12.50
Modelled premium
$0.17
Cash required
$1,250.00
Breakeven
$12.33
Downside buffer
21.9%
Period return
1.4%
Annualized return
18.1%
Days to expiration
30
Strategy payoffModelled cash-secured put payoff. Spot $15.79. Expiry maximum profit $17.00 · Expiry maximum loss -$1,233.00 · Expiry breakevens $12.33. Total position fees $0.00 deducted once. Intrinsic at the common expiration; IV/time never alters expiry P/L. No early exercise, assignment, slippage, dividends or taxes modeled.

Update time unavailable

Loading graph — the exact table is available below.

$7.895Expiration P/L -$443.50Update time unavailable
Event / reference markers
  • Spot: $15.79
  • Expiry breakeven $12.33: $12.33
  • sell put strike $12.50: $12.50
Exact data table
Strategy payoff · full stored dataset, independent of graph range/toggles
ObservationExpiration P/L (USD)ContextUpdated
-$443.50Update time unavailable
-$427.71Update time unavailable
-$411.92Update time unavailable
-$396.13Update time unavailable
-$380.34Update time unavailable
-$364.55Update time unavailable
-$348.76Update time unavailable
-$332.97Update time unavailable
-$317.18Update time unavailable
-$301.39Update time unavailable
-$285.60Update time unavailable
-$269.81Update time unavailable
-$254.02Update time unavailable
-$238.23Update time unavailable
-$222.44Update time unavailable
-$206.65Update time unavailable
-$190.86Update time unavailable
-$175.07Update time unavailable
-$159.28Update time unavailable
-$143.49Update time unavailable
-$127.70Update time unavailable
-$111.91Update time unavailable
-$96.12Update time unavailable
-$80.33Update time unavailable
-$64.54Update time unavailable
-$48.75Update time unavailable
-$32.96Update time unavailable
-$17.17Update time unavailable
-$1.38Update time unavailable
$0.00Update time unavailable
$14.41Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Spot referenceUpdate time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
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$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
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$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
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$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable

Black-Scholes from the published at-the-money implied volatility (one expected move out of the money). If assigned you buy 100 shares at the strike, an effective $12.33 per share after premium; the shares can keep falling.

Next steps

Data provenance

Figures are from published, reviewed research as of Oct 6, 2026, 4:00 PM EDT. Modelled option premiums use Black-Scholes with the published at-the-money implied volatility and are labelled as modelled, not as live quotes.