Investors with a lot of money to spend have taken a bearish stance on Rigetti Computing RGTI.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with RGTI, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 9 uncommon options trades for Rigetti Computing.
This isn't normal.
The overall sentiment of these big-money traders is split between 33% bullish and 55%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $235,300, and 4 are calls, for a total amount of $592,915.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $4.0 to $9.0 for Rigetti Computing over the recent three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Rigetti Computing stands at 3205.33, with a total volume reaching 8,700.00. 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 $9.0, throughout the last 30 days.
Rigetti Computing 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RGTI | CALL | TRADE | BEARISH | 02/21/25 | $20.0 | $0.0 | $1.7 | $6.00 | $504.9K | 1.4K | 2.9K |
| RGTI | PUT | SWEEP | BULLISH | 01/17/25 | $1.2 | $1.15 | $1.18 | $8.00 | $70.8K | 3.2K | 1.6K |
| RGTI | PUT | SWEEP | BULLISH | 01/24/25 | $1.1 | $1.0 | $1.0 | $6.50 | $50.0K | 3.6K | 530 |
| RGTI | PUT | SWEEP | BEARISH | 01/17/25 | $1.7 | $1.65 | $1.7 | $9.00 | $42.6K | 4.3K | 431 |
| RGTI | PUT | SWEEP | NEUTRAL | 05/16/25 | $4.3 | $3.8 | $4.1 | $9.00 | $39.5K | 2.7K | 0 |
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.
Where Is Rigetti Computing Standing Right Now?
- Trading volume stands at 55,608,631, with RGTI's price up by 26.48%, positioned at $7.65.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 58 days.
Expert Opinions on Rigetti Computing
In the last month, 1 experts released ratings on this stock with an average target price of $12.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * In a cautious move, an analyst from Craig-Hallum downgraded its rating to Buy, setting a price target of $12.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Rigetti Computing, Benzinga Pro gives you real-time options trades alerts.
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