Quantchabot has detected a new Bull Call Spread trade opportunity for RIGETTI COMPUTING INC. COMMON STOCK (RGTI) for the 25-Apr-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
RGTI was recently trading at $8.77 and has an implied volatility of 138.27% for this period. Based on an analysis of the options available for RGTI expiring on 25-Apr-2025, there is a 34.18% likelihood that the underlying will close within the analyzed range of $8.81-$14.29 at expiration. In this scenario, the average linear return for the trade would be 17.52%.
Big 8.88% Change: After closing the last trading session at $8.05, RIGETTI COMPUTING INC. COMMON STOCK opened today at $8.37 and has reached a high of $9.10.
Trade approach: A movement as big as 8.88% is a significantly bullish indicator, so this trade is designed to be profitable if RGTI maintains its current direction and does not revert back to pricing on the bearish side of $8.77 on 25-Apr-2025. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bullish strategy, the trade would be profitable if RIGETTI COMPUTING INC. COMMON STOCK closes at or above $7.18 on 25-Apr-2025. Based on our risk-neutral analysis, there is a 66.45% likelihood of this return.
Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.
To analyze this trade in depth, please visit the Quantcha Options Search Engine.
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