Unusual Options Activity at Rigetti Computing

Recently, there has been notable bullish activity surrounding Rigetti Computing (NASDAQ: RGTI), signaling increased interest from major investors. Our analysis uncovered 39 unusual trades in the options market for the company.

Upon closer examination, we found that 51% of traders are taking a bullish stance, while 41% are leaning bearish. Among these trades, 10 were put options with a total value of $935,507, and 29 were call options valued at $1,733,180.

Predicted Price Range

From the recent trading activity, it seems that significant investors are targeting a price range of $1.0 to $20.0 for Rigetti Computing in the upcoming three months.

Volume and Open Interest Analysis

Understanding the volume and open interest in options trading is a critical element for market participants. These indicators provide insights into the liquidity and interest level among investors for Rigetti Computing’s options within specific strike prices. Below, we illustrate the changes in volume and open interest for both call and put options linked to substantial trades, focused on a strike price range from $1.0 to $20.0 over the past 30 days.

Rigetti Computing Options Volume and Open Interest in the Last 30 Days

Highlighted Options Trades:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
RGTI	PUT	TRADE	BEARISH	02/21/25	$6.8	$6.5	$6.7	$20.00	$335.0K	1.7K	500
RGTI	PUT	SWEEP	BULLISH	03/21/25	$0.75	$0.7	$0.7	$8.00	$280.4K	4.1K	4.0K
RGTI	CALL	TRADE	BEARISH	03/14/25	$2.45	$2.4	$2.4	$15.00	$120.0K	3	1.5K
RGTI	CALL	SWEEP	BULLISH	03/21/25	$1.85	$1.8	$1.85	$20.00	$92.6K	851	9.3K
RGTI	CALL	SWEEP	BULLISH	03/21/25	$1.85	$1.8	$1.85	$20.00	$92.5K	851	8.3K

Overview of Rigetti Computing

Rigetti Computing Inc specializes in full-stack quantum computing. The company offers proprietary quantum-classical infrastructure that enables ultra-low latency integration with both public and private clouds, facilitating high-performance and practical quantum computing solutions. Rigetti has pioneered the development of the industry’s first multi-chip quantum processor designed for scalable quantum computing systems. Most of its revenue is generated in the United States.

Given the recent exceptional options activity surrounding Rigetti Computing, it is also important to evaluate the company's present market conditions.

Current Market Conditions for Rigetti Computing

• The trading volume is 125,037,916, with the share price up by 15.24%, currently at $14.18.
• Relative Strength Index (RSI) indicators suggest that the stock may soon reach overbought territory.
• Upcoming earnings reports are slated for release in approximately 41 days.

Expert Insights on Rigetti Computing

In the past month, one analyst from the industry has shared insights on Rigetti Computing, with an average price target set at $8.5.

Can you turn $1000 into $1270 in just 20 days?

A professional options trader with 20 years of experience has revealed a straightforward chart technique that indicates optimal buy and sell points. Following his trades, which have yielded an average profit of 27% every 20 days, is a potential opportunity for investors. Click here for access.

It's important to note that trading options involves a higher level of risk compared to traditional stock trading, but it can also offer greater profit potential. Experienced options traders generally manage risk through ongoing education, gradually entering and exiting trades, and monitoring multiple indicators closely.

For those interested in staying updated on the latest options transactions for Rigetti Computing, there are resources available that provide real-time options trade alerts.

options, trading, investors