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Option Strategy | QUBT's Option Activity Turns Bullish; Call Spreads Offer Defined-Risk Upside Play

TigerOct 23, 2025 5:37 AM

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Quantum computing stocks rallied in overnight trading on Thursday. U.S. President Donald Trump's administration is in talks with several quantum-computing companies to take equity stakes in exchange for federal funding, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

The funding for quantum companies would be one of the first significant signs of support for the sector from Washington. Quantum computers are seen as a critical next-generation technology because they can quickly perform computations that would take today’s computers eons. That sort of advance could make it easier to find new drugs, materials and chemicals while making every segment of the economy more efficient, experts say.

With quantum computing stocks showing strong upward momentum, here’s specific strategies taking options related to Quantum Computing as an example.

QUBT’s OI Shows Bullish Bets

Open interest for QUBT expiring this week showed bullish sentiment as Call open interest totaled at 230,537, while Puts stood at 185,835. Put-Call open interest ratio reached 0.81.

Source: OptionCharts

Option Strategy: Bull Call Spread

The expected move for QUBT options expiring on Nov 21, 2025 (30 days) (m) is ±$4.17 (28.33%), with a price range of $10.54 - $18.88.

The expected move means that IV implies the stock price has a probability of rising toward $19 in a month, giving chances to buy bull call spread for traders who expect moderate upward movement.

Source: OptionCharts

Objective: Profit from a continued rise in Quantum Computing's stock price while limiting risk.

How it works:

Buy a call option at a lower strike price.
Sell a call option at a higher strike price.

Example for QUBT:

$QUBT Vertical 251121 17.0C/20.0C$

Buy a $17 call expiring in 1 month.
Sell a $20 call expiring in the same month.
Selling the higher strike call offsets part of the cost of the lower strike call.
Source: Tiger Trade App

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

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