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BEAR
2026-06-08
Overnight Scan Record · Technology
See the 2026-06-08 Morning BriefingThis is one row from the GammaRips nightly scan of about 3,500 optionable US stocks, tracked to its outcome. What membership means depends on the scan date. For scan dates from 2026-08-24, it is a liquidity rank: the 100 most liquid names, bullish only. For earlier scan dates, the scan selected on unusual options activity and included bearish names. The two sets are not one population. Data, not a recommendation. New here? See how the pool is built → Or put your AI agent on this data →
Score
7/10
Descriptive context. Not a quality rank and not a forecast.
Move
11.4%
Flow
$2.7M
Engine Flags(1 of 5 patterns matched. Descriptive, not a trade signal.)
Hedging Flow IntentThe engine classified the day's flow intent as hedging.
AI Analysis
Model-written context on what the scan saw that night. It is context, not advice and not a trade instruction.
QUBT BEAR $10P Jun 18 '26. A sector-wide post-IPO hangover and macro rate anxieties have triggered a sharp technical breakdown across quantum computing stocks. This bearish flow represents large-scale hedging of existing equity positions ahead of several mid-June investor conferences. Entry near $9.96 with a $8.50 target. Risk: A broader tech-sector rebound or positive catalysts from upcoming June conferences.
Flow Breakdown
Call Volume
$1.1M
Put Volume
$1.5M
Flow Intent
HEDGING
Catalyst
Sector Rotation
Engine-Selected Contract
The contract the engine priced for this row. Descriptive, not a recommendation.
ContractO:QUBT260618P00010000
Strike$10.00
Expiration2026-06-18
Delta-0.48
Key Levels
Resistance$14.45
Support$9.14
Price$9.96
SMA 50 / 200$9 / $12
52W Range$6 — $26
RSI (14)46
News & Catalyst Analysis
Key Headline
Quantum Stocks Turn Negative for the Year as Tech Sell-Off Hits QBTS, RGTI, and QUBT
News Summary
The broader quantum computing sector suffered a sharp sell-off on profit-taking following the high-profile Quantinuum IPO, dragging QUBT down 11.4%. The $1.54M institutional options flow represents defensive hedging activity to protect existing equity stakes from further technical deterioration. Volatility is expected to remain elevated as the company participates in multiple investor summits throughout mid-June.
Flow Intent Analysis
The bearish options flow emerged immediately after an 11.4% drop, indicating institutional players are buying puts to hedge existing long positions rather than initiating a fresh directional short.
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