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May 19, 05:42 PM
D-Wave Quantum Hits ATH Amid Options Surge, Robinhood's AUM Grows to $220.6B with SEC Engagement
Stocks
Fintech
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D-Wave Quantum Hits ATH Amid Options Surge, Robinhood's AUM Grows to $220.6B with SEC Engagement

Authors
  • Evan
  • Investors.com
  • Will Meade
13

D-Wave Quantum Inc. ($QBTS) has experienced significant activity in its call options market, with notable increases in both put and call volumes throughout the day. Early in the morning, there were 2,281 puts and 13,000 calls, which escalated to 48,000 puts and 163,000 calls by the evening. Observers noted the stock as having the hottest unusual options activity of the morning, with large call option purchases. The stock also achieved a new all-time high (ATH) after recovering from a -99% drop. Robinhood Markets Inc. ($HOOD) also saw substantial options trading, with 33,000 puts and 63,000 calls. A significant block of 2,500 December 2027 $90 calls was sold to open at $19.25, suggesting a longer-term ceiling near $110. Additionally, Robinhood's assets under management have grown to $220.6 billion from $63 billion in 2020, with the company actively engaging with the SEC to streamline processes for tokenized assets. Robinhood's stock rose by 4% following these developments.

Written with ChatGPT .

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