Analyzing Unusual Options Activity for Rigetti Computing (NASDAQ:RGTI)

Recently, notable financial institutions have displayed an optimistic stance regarding Rigetti Computing. A thorough analysis of the options history for Rigetti Computing (NASDAQ:RGTI) has unearthed 39 unusual trades.

Examining the details, we discovered that 51% of traders adopted a bullish outlook, while 41% showed bearish tendencies. Among these trades, 10 were puts valued at $935,507, contrasting with 29 calls, which amounted to $1,733,180.

Projected Price Range

The trading activity indicates that substantial investors seem to be targeting a price range for Rigetti Computing stretching from $1.0 to $20.0 over the past three months.

Examining Volume and Open Interest

Analyzing volume and open interest is a critical aspect of options trading. These metrics provide insight into the liquidity and investor interest in Rigetti Computing's options at various strike prices. The following data illustrates fluctuations in volume and open interest for both calls and puts, related to Rigetti Computing's significant trades within a strike price spectrum of $1.0 to $20.0 over the last 30 days.

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

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Key Options Detected:

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

About Rigetti Computing

Rigetti Computing Inc is involved in full-stack quantum computing, utilizing its unique quantum-classical infrastructure to provide low-latency integration with public and private cloud systems, ensuring high-performance practical quantum computing. The company has made significant strides by developing the industry’s first multi-chip quantum processor for scalable quantum computing systems. The United States accounts for the majority of its revenue.

Reflecting on the recent options activities, it is essential to turn our attention to Rigetti Computing's current market performance.

Current Market Status of Rigetti Computing

• RGTI has a trading volume of 125,037,916, with its price increasing by 15.24% to $14.18.
• Relative Strength Index (RSI) indicators suggest that the stock may be nearing overbought conditions.
• The next earnings report is anticipated to be released in 41 days.

Insights from Industry Experts on Rigetti Computing

In the past month, one industry analyst has provided insights, estimating an average target price of $8.5 for this stock.

Could $1000 turn into $1270 in just 20 days?

A seasoned options trader with over 20 years of experience has shared a one-line chart technique that indicates the best times to buy and sell. Copying their trades could yield an average of 27% profit every 20 days. Click here for access. * An analyst from B. Riley Securities has maintained a Buy rating for Rigetti Computing, recommending it at a price target of $8.

While options carry higher risks compared to simply trading stocks, they also hold the potential for greater profits. Serious options traders mitigate risks through ongoing education, strategic entry and exit from trades, employing multiple indicators, and closely monitoring market conditions.

For continuous updates on the latest options trades for Rigetti Computing, consider utilizing real-time options trading alerts from available trading platforms.

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