High-rolling investors have positioned themselves bullish on Rigetti Computing RGTI, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in RGTI often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 10 options trades for Rigetti Computing. This is not a typical pattern.
The sentiment among these major traders is split, with 60% bullish and 30% bearish. Among all the options we identified, there was one put, amounting to $27,000, and 9 calls, totaling $552,112.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $7.5 to $15.0 for Rigetti Computing during the past quarter.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Rigetti Computing's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Rigetti Computing's substantial trades, within a strike price spectrum from $7.5 to $15.0 over the preceding 30 days.
Rigetti Computing 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RGTI | CALL | TRADE | BULLISH | 12/20/24 | $5.3 | $5.1 | $5.27 | $7.50 | $105.4K | 17.2K | 1.2K |
| RGTI | CALL | TRADE | BULLISH | 12/20/24 | $5.3 | $5.1 | $5.26 | $7.50 | $105.2K | 17.2K | 1.2K |
| RGTI | CALL | TRADE | NEUTRAL | 05/16/25 | $5.1 | $4.8 | $4.95 | $13.00 | $99.0K | 500 | 225 |
| RGTI | CALL | SWEEP | BULLISH | 12/20/24 | $0.5 | $0.2 | $0.5 | $15.00 | $56.5K | 4.0K | 55 |
| RGTI | CALL | TRADE | BEARISH | 01/17/25 | $4.5 | $4.2 | $4.2 | $7.50 | $50.4K | 8.4K | 5 |
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.
Following our analysis of the options activities associated with Rigetti Computing, we pivot to a closer look at the company's own performance.
Rigetti Computing's Current Market Status
- Trading volume stands at 54,960,675, with RGTI's price up by 6.65%, positioned at $11.87.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 85 days.
What Analysts Are Saying About Rigetti Computing
In the last month, 1 experts released ratings on this stock with an average target price of $4.0.
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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 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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