Shares of D-Wave Quantum Inc. (QBTS) are soaring in Monday's intraday trading, registering a remarkable 9.71% increase. This significant upward movement comes amid a flurry of bullish options activity, suggesting growing investor optimism about the quantum computing company's prospects.

Market data reveals an unusually high volume of call options trading for D-Wave Quantum. Approximately 80,309 calls have changed hands, which is four times the expected volume. This surge in call options - contracts that give the holder the right to buy the stock at a predetermined price - typically indicates that traders are betting on further upside for the stock.

Adding to the bullish sentiment, the implied volatility for D-Wave Quantum options has jumped by over 16 points to 137.86%. Higher implied volatility often suggests that the market anticipates significant moves in the stock price, potentially driven by upcoming events or news. While the exact catalyst for this optimistic options activity remains unclear, it appears that investors are positioning themselves for potential positive developments in D-Wave Quantum's business or the broader quantum computing sector.