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:

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.

Turn $1000 into $1270 in just 20 days?

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.