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 13 uncommon options trades for Rigetti Computing.

This isn't normal.

The overall sentiment of these big-money traders is split between 38% bullish and 53%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $156,751, and 9 are calls, for a total amount of $304,044.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $4.0 to $20.0 for Rigetti Computing over the last 3 months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for Rigetti Computing options trades today is 2245.43 with a total volume of 8,314.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Rigetti Computing's big money trades within a strike price range of $4.0 to $20.0 over the last 30 days.

Rigetti Computing Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

About Rigetti Computing

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?

• With a volume of 29,757,972, the price of RGTI is down -2.45% at $9.54.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 44 days.

What Analysts Are Saying About Rigetti Computing

2 market experts have recently issued ratings for this stock, with a consensus target price of $15.5.

Unusual Options Activity Detected: Smart Money on the Move

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.