Option traders moderately bearish in D-Wave Quantum (QBTS), with shares down $4.46 near $27.73. Options volume roughly in line with average with 98k contracts traded and puts leading calls for a put/call ratio of 1.06, compared to a typical level near 0.8. Implied volatility (IV30) is higher by 0.2 points near 135.12,and above the 52wk median, suggesting an expected daily move of $2.36. Put-call skew steepened, indicating increased demand for downside protection.
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