Understanding the Recent Options Activity for Rigetti Computing (NASDAQ:RGTI)

Recently, there has been a surge of options activity associated with Rigetti Computing (RGTI), drawing the attention of investors. This activity signals a potential shift in market sentiment, prompting retail traders to take heed.

Large investors have shown a bearish approach towards Rigetti Computing, and the details from options trading history support this observation. Notably, a total of 20 unusual options trades were detected today, which is not typical for this stock.

Market Sentiment Analysis

The sentiment from these institutional and affluent individual investors appears to be largely negative, with approximately 60% leaning bearish and only 35% remaining bullish. The trades revealed that there were 7 put options, totaling $235,960, whereas the 13 call options amounted to $599,289.

Price Projections

Looking at the recent trading patterns, it seems that these significant investors are targeting a price range for Rigetti Computing between $3.00 and $16.00 over the past three months. This reflects a diverse approach to the stock's potential future value.

Trading Volume and Open Interest Insights

The average open interest for Rigetti's options stands at about 2636.44, while total trading volume has reached 41,809.00 today. This volume data, shown in the associated chart, tracks both call and put options concerning the strike prices between $3.00 and $16.00 over the last 30 days.

Summary of Significant Options Trades

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
RGTI	CALL	SWEEP	BEARISH	01/16/26	$8.00	$7.80	$7.80	$3.00	$78.1K	1.6K	116
RGTI	CALL	SWEEP	BULLISH	03/21/25	$1.11	$1.01	$1.09	$9.50	$68.4K	4.2K	1.9K
RGTI	CALL	SWEEP	BEARISH	05/16/25	$2.36	$2.29	$2.31	$11.00	$57.7K	2.9K	770
RGTI	CALL	TRADE	BEARISH	03/21/25	$1.30	$1.24	$1.26	$9.50	$57.2K	4.2K	1.9K
RGTI	CALL	SWEEP	BULLISH	03/21/25	$1.04	$1.00	$1.03	$11.00	$51.2K	7.1K	3.9K

A Closer Look at Rigetti Computing

Rigetti Computing Inc specializes in full-stack quantum computing, providing its quantum computing platform via cloud services. They serve a variety of users, including large enterprises and tech companies, through their Rigetti QCS platform. Rigetti has developed the industry's first multi-chip quantum processor that enhances scalability in quantum computing systems, primarily generating revenue within the United States.

Current Market Position

• Trading volume is at 79,770,086 with RGTI's price having increased by 19.14%, now sitting at $10.43.
• Relative Strength Index (RSI) suggests that the stock may be nearing an overbought situation.
• An earnings report is anticipated in the next 55 days.

Analyst Opinions on Rigetti Computing

Recent ratings from analysts indicate a consensus target price of $15.00. Key insights include:

• A Benchmark analyst has downgraded the rating to Buy with a target set at $14.
• A Needham analyst has also downgraded to Buy, establishing a price target of $17.
• Analysts from B. Riley Securities maintain a Buy rating with a target of $15.
• Benchmark reiterates their Buy rating, keeping the target price at $14.

Engaging in options trading can involve heightened risks but also offers lucrative profit opportunities. Competent traders can minimize risks through continuous learning, strategic adjustments, leveraging indicators, and being aware of ever-changing market conditions. Keeping track of the current options activities for Rigetti Computing can be aided by real-time alerts available in options trading platforms.

Rigetti, options, trading