QBTS · Covered-Calls

D-Wave Quantum Inc. (QBTS) covered calls

A modelled covered call from the published implied volatility, with premium yield and capped upside.

$15.79
Modelled strike
$19.00
Modelled premium
$0.36
Premium yield
2.3%
Annualized premium yield
31.4%
Breakeven
$15.43
Downside protection
2.3%
Days to expiration
30
Strategy payoffModelled covered call payoff. Spot $15.79. Expiry maximum profit $357.00 · Expiry maximum loss -$1,543.00 · Expiry breakevens $15.43. 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 -$753.50Update time unavailable
Event / reference markers
  • Spot: $15.79
  • Expiry breakeven $15.43: $15.43
  • sell call strike $19.00: $19.00
Exact data table
Strategy payoff · full stored dataset, independent of graph range/toggles
ObservationExpiration P/L (USD)ContextUpdated
-$753.50Update time unavailable
-$737.71Update time unavailable
-$721.92Update time unavailable
-$706.13Update time unavailable
-$690.34Update time unavailable
-$674.55Update time unavailable
-$658.76Update time unavailable
-$642.97Update time unavailable
-$627.18Update time unavailable
-$611.39Update time unavailable
-$595.60Update time unavailable
-$579.81Update time unavailable
-$564.02Update time unavailable
-$548.23Update time unavailable
-$532.44Update time unavailable
-$516.65Update time unavailable
-$500.86Update time unavailable
-$485.07Update time unavailable
-$469.28Update time unavailable
-$453.49Update time unavailable
-$437.70Update time unavailable
-$421.91Update time unavailable
-$406.12Update time unavailable
-$390.33Update time unavailable
-$374.54Update time unavailable
-$358.75Update time unavailable
-$342.96Update time unavailable
-$327.17Update time unavailable
-$311.38Update time unavailable
-$295.59Update time unavailable
-$279.80Update time unavailable
-$264.01Update time unavailable
-$248.22Update time unavailable
-$232.43Update time unavailable
-$216.64Update time unavailable
-$200.85Update time unavailable
-$185.06Update time unavailable
-$169.27Update time unavailable
-$153.48Update time unavailable
-$137.69Update time unavailable
-$121.90Update time unavailable
-$106.11Update time unavailable
-$90.32Update time unavailable
-$74.53Update time unavailable
-$58.74Update time unavailable
-$42.95Update time unavailable
-$27.16Update time unavailable
-$11.37Update time unavailable
-$0.00Update time unavailable
$4.42Update time unavailable
$20.21Update time unavailable
$36.00Spot referenceUpdate time unavailable
$51.79Update time unavailable
$67.58Update time unavailable
$83.37Update time unavailable
$99.16Update time unavailable
$114.95Update time unavailable
$130.74Update time unavailable
$146.53Update time unavailable
$162.32Update time unavailable
$178.11Update time unavailable
$193.90Update time unavailable
$209.69Update time unavailable
$225.48Update time unavailable
$241.27Update time unavailable
$257.06Update time unavailable
$272.85Update time unavailable
$288.64Update time unavailable
$304.43Update time unavailable
$320.22Update time unavailable
$336.01Update time unavailable
$351.80Update time unavailable
$357.00Update time unavailable
$357.00Update time unavailable
$357.00Update time unavailable
$357.00Update time unavailable
$357.00Update time unavailable
$357.00Update time unavailable
$357.00Update time unavailable
$357.00Update time unavailable
$357.00Update time unavailable
$357.00Update time unavailable
$357.00Update time unavailable
$357.00Update time unavailable
$357.00Update time unavailable
$357.00Update time unavailable
$357.00Update time unavailable
$357.00Update time unavailable
$357.00Update time unavailable
$357.00Update time unavailable
$357.00Update time unavailable
$357.00Update time unavailable
$357.00Update time unavailable
$357.00Update time unavailable
$357.00Update time unavailable
$357.00Update time unavailable
$357.00Update time unavailable
$357.00Update time unavailable
$357.00Update time unavailable
$357.00Update time unavailable
$357.00Update time unavailable
$357.00Update time unavailable
$357.00Update time unavailable

Black-Scholes from the published at-the-money implied volatility (one expected move above spot). Requires 100 shares per contract; above the strike the shares are called away.

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.