Investors with a lot of money to spend have taken a bearish stance on Rigetti Computing (NASDAQ: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 11 uncommon options trades for Rigetti Computing.
This isn't normal.
The overall sentiment of these big-money traders is split between 36% bullish and 45%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $249,725, and 6 are calls, for a total amount of $293,026.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $6.0 to $20.0 for Rigetti Computing over the recent three months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Rigetti Computing's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Rigetti Computing's whale activity within a strike price range from $6.0 to $20.0 in the last 30 days.
Rigetti Computing Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RGTI | CALL | SWEEP | BEARISH | 03/07/25 | $0.5 | $0.49 | $0.49 | $9.00 | $98.0K | 12.7K | 4.8K |
| RGTI | PUT | SWEEP | BEARISH | 08/15/25 | $12.1 | $11.9 | $12.1 | $20.00 | $90.7K | 186 | 150 |
| RGTI | CALL | SWEEP | BULLISH | 04/17/25 | $1.5 | $1.42 | $1.5 | $10.00 | $74.8K | 9.6K | 1.3K |
| RGTI | PUT | TRADE | BULLISH | 03/28/25 | $6.3 | $6.25 | $6.25 | $15.00 | $62.5K | 51 | 100 |
| RGTI | PUT | TRADE | BEARISH | 03/28/25 | $1.77 | $1.75 | $1.77 | $9.50 | $35.4K | 391 | 419 |
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
Where Is Rigetti Computing Standing Right Now? Trading volume stands at 44,784,884, with RGTI's price up by 0.47%, positioned at $8.55. RSI indicators show the stock to be may be approaching oversold. Earnings announcement expected in 62 days. Professional Analyst Ratings for Rigetti Computing
In the last month, 4 experts released ratings on this stock with an average target price of $15.0.
Turn $1000 into $1270 in just 20 days?
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. * Consistent in their evaluation, an analyst from B. Riley Securities keeps a Buy rating on Rigetti Computing with a target price of $15. * An analyst from Needham downgraded its action to Buy with a price target of $17. * An analyst from Benchmark downgraded its action to Buy with a price target of $14. * An analyst from Benchmark has decided to maintain their Buy rating on Rigetti Computing, which currently sits at a price target of $14.
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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