Financial giants have made a conspicuous bearish move on Rigetti Computing. Our analysis of options history for Rigetti Computing (NASDAQ:RGTI) revealed 74 unusual trades.

Delving into the details, we found 32% of traders were bullish, while 52% showed bearish tendencies. Out of all the trades we spotted, 31 were puts, with a value of $1,797,374, and 43 were calls, valued at $2,422,233.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $1.5 to $38.0 for Rigetti Computing over the recent three months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for Rigetti Computing options trades today is 2462.12 with a total volume of 83,001.00.

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 $1.5 to $38.0 over the last 30 days.

Rigetti Computing 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

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?

• With a trading volume of 80,349,733, the price of RGTI is up by 1.59%, reaching $19.82.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 65 days from now.

Expert Opinions on Rigetti Computing

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $12.0.

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