D-Wave Quantum Inc. (QBTS)

QBTS trades at $26.72, 18.8% above the near-term max pain of $22.5 expiring Oct 3, 2025 (5 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($10-$25), signaling increased put positioning or downside protection. Key magnetic zone at 25 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for QBTS shows a downward trend from 25 to 10, indicating bearish sentiment or hedging activity. The 79% spread signals divergent expectations across timeframes. Most levels below 26.72 may cap rallies. Strong magnetic level at 25 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.