Big Bets on Rigetti Computing Options Raise Eyebrows

Investors with significant capital have adopted a bearish outlook on Rigetti Computing (RGTI), a trend that retail investors should pay close attention to.

This unusual activity came to light through publicly accessible options trading data that has been tracked recently.

While it's unclear whether these trades are initiated by institutional investors or affluent individuals, the sheer size of the trades suggests that someone may have insider knowledge about impending market movements.

So, how can we decipher the actions of these large investors?

Today, data from our analysis identified 59 unusual options trades for Rigetti Computing, which is particularly noteworthy.

The sentiment among these high-stakes traders appears mixed, with 35% swinging towards bullish positions while 42% are bearish.

Examining the breakdown of these 59 trades reveals that 9 are put options, totaling $352,808 in value, versus 50 call options, which added up to $2,659,299 overall.

Analyzing Price Predictions

The trading volumes and open interest analysis indicates that significant market players are concentrating their predictions on a price range between $2.5 and $25.0 for Rigetti Computing over the past three months.

Volume and Open Interest Trends

Understanding volume and open interest is critical for anyone engaging in options trading. This data helps track the liquidity and trader interest in Rigetti Computing's options for specific strike prices. In the following section, we will observe the changes in volume and open interest for both calls and puts linked to Rigetti Computing over the recent 30 days.

Overview of Call and Put Volume for Rigetti Computing

Notable Options Activities:

Symbol	Type	Trade Type	Market Sentiment	Expiration	Ask Price	Bid Price	Trade Price	Strike Price	Total Trade Value	Open Interest	Volume
RGTI	CALL	SWEEP	BULLISH	01/03/25	$1.65	$1.55	$1.64	$14.50	$290.5K	38	2.7K
RGTI	CALL	SWEEP	BEARISH	02/21/25	$7.1	$6.7	$6.7	$7.50	$184.3K	7.6K	1.1K
RGTI	CALL	TRADE	BEARISH	01/17/25	$7.5	$7.2	$7.28	$7.50	$145.6K	7.3K	848
RGTI	CALL	TRADE	BULLISH	01/17/25	$5.8	$5.5	$5.71	$7.50	$114.2K	7.3K	249
RGTI	CALL	TRADE	BEARISH	01/17/25	$7.5	$7.2	$7.28	$7.50	$110.6K	7.3K	1.0K

Understanding Rigetti Computing

Rigetti Computing Inc focuses on full-stack quantum computing, including a unique quantum-classical infrastructure that enables low-latency connections with scientific and commercial cloud services, facilitating practical quantum computing applications. The company is notably recognized for creating the industry's first multi-chip quantum processor, pivotal for scalable quantum computing systems. The majority of its income is generated from the United States.

After examining the trading patterns associated with Rigetti Computing, we now shift our focus directly to the company's short-term market presence and performance.

Current Market Overview of Rigetti Computing

• As of recently, Rigetti Computing (RGTI) is experiencing a trading volume of 160,590,316, and its stock price has risen by 27.6%, now standing at $14.48.
• Relative Strength Index (RSI) metrics indicate that the stock may be overbought.
• Next earnings release scheduled in 77 days.

Analyst Insights on Rigetti Computing

In the last month, a total of one financial analyst has provided insights on Rigetti Computing, rating it with an average target price of $12.00.

Potential to Increase Your Earnings?

A seasoned options trader claims to utilize an effective one-line chart technique that identifies ideal buy and sell moments, achieving an average profit of 27% every 20 days. For more information, click here.

Concerns emerged as an analyst from Craig-Hallum downgraded its rating to Buy, adjusting the price target to $12.

Engaging in options trading comes with its set of risks but also opens up avenues for higher returns. Prudential traders manage these challenges by acquiring perpetual education, making deliberate adjustments to their trades, adopting various analytical indicators, and staying vigilant about market trends. To keep abreast of the latest options trades concerning Rigetti Computing, investors can utilize platforms that provide real-time alerts.

Investors, Options, RGTI