Whales with a lot of money to spend have taken a noticeably bullish stance on Rigetti Computing.
Looking at options history for Rigetti Computing RGTI we detected 12 trades.
If we consider the specifics of each trade, it is accurate to state that 66% of the investors opened trades with bullish expectations and 25% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $130,800 and 9, calls, for a total amount of $465,355.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $4.0 to $7.5 for Rigetti Computing over the recent three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Rigetti Computing stands at 3550.8, with a total volume reaching 10,106.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Rigetti Computing, situated within the strike price corridor from $4.0 to $7.5, throughout the last 30 days.
Rigetti Computing Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RGTI | CALL | SWEEP | BEARISH | 01/17/25 | $1.65 | $1.55 | $1.55 | $4.00 | $106.2K | 7.3K | 967 |
| RGTI | CALL | SWEEP | BULLISH | 12/20/24 | $0.8 | $0.7 | $0.79 | $6.00 | $86.9K | 334 | 4.0K |
| RGTI | CALL | SWEEP | BULLISH | 12/20/24 | $0.5 | $0.45 | $0.5 | $6.00 | $69.6K | 334 | 1.4K |
| RGTI | PUT | SWEEP | BULLISH | 12/20/24 | $1.15 | $1.1 | $1.1 | $6.00 | $55.0K | 60 | 543 |
| RGTI | PUT | TRADE | BEARISH | 12/20/24 | $2.4 | $2.25 | $2.35 | $7.50 | $47.0K | 183 | 4 |
About Rigetti Computing
Rigetti Computing Inc is engaged in the business of full-stack quantum computing. Its proprietary quantum-classical infrastructure provides ultra-low latency integration with public and private clouds for high-performance practical quantum computing. The company has developed the industry's first multi-chip quantum processor for scalable quantum computing systems. Geographically, it derives a majority of its revenue from the United States.
Having examined the options trading patterns of Rigetti Computing, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Rigetti Computing
- With a volume of 90,536,611, the price of RGTI is up 27.96% at $5.72.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 93 days.
Professional Analyst Ratings for Rigetti Computing
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $3.0.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $2. * An analyst from Benchmark downgraded its action to Buy with a price target of $2. * Consistent in their evaluation, an analyst from B. Riley Securities keeps a Buy rating on Rigetti Computing with a target price of $3. * An analyst from B. Riley Securities has decided to maintain their Buy rating on Rigetti Computing, which currently sits at a price target of $4.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Rigetti Computing options trades with real-time alerts from Benzinga Pro.
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