Trade Ideas
UOA PRO New Trade Idea QUBT 7-27
3,000 31July 9 calls bought in mostly one order for 0.11-0.14 above open interest of 1,526 contracts. Stock 8.01-8.10.
New Trade Idea
Ticker: QUBT
Stock: 8.06
Trigger: 8.22
Targets/Resistance: 8.50, 9.78, 9.92, 10.13, 11.42
Expiration Date: 31JUL
UOA: 3,000 31July 9 calls bought in mostly one order for 0.11-0.14 above open interest of 1,526 contracts. Stock 8.01-8.10.
QUBT $8.03 Last.
Modestly sized but front week OTM call buy. Working with tentatitve higher low and has short interest data of note. All about either sympathy to news, news of its own and/or squeezing in it and or the market since the charts are simply not good. Market with another ridiculous opening that’s being sold into…”it’s just another day”.
Share Statistics
Avg Vol (3 month) 3 19.55M
Avg Vol (10 day) 3 8.55M
Shares Outstanding 5 225.53M
Implied Shares Outstanding 6 225.53M
Float 8 200.41M
% Held by Insiders 1 11.94%
% Held by Institutions 1 43.49%
Shares Short (7/15/2026) 4 64.68M
Short Ratio (7/15/2026) 4 4.65
Short % of Float (7/15/2026) 4 32.43%
Short % of Shares Outstanding (7/15/2026) 4 28.68%
Shares Short (prior month 6/15/2026) 4 58.67M
Trigger: $8.22.
Strategy 1: Consider the QUBT 31July 7.50 calls for $0.80 projected at trigger level today.
Targets: 8.50 (20 SMA currently), 9.78 (50 SMA currently), 9.92, 10.13, 11.42