Investors in Rigetti Computing Inc (RGTI) are now trading new options contracts with a June 18th expiration. The $8.00 strike put contract is currently bid at $0.20, which allows investors to potentially purchase shares at an effective cost of $7.80 if it is executed. This represents a 44% discount compared to the current trading price of $14.28 per share, with an 87% chance the contract could expire worthless.
On the call side, a $26.00 strike contract is bid at $0.25, offering an 83.82% total return for investors selling covered calls if exercised by the June 18th expiration. This also comes with a 70% chance of expiration without being exercised. The implied volatility for the put contract stands at 192%, while the call contract’s implied volatility is at 152%.
For context, Rigetti’s actual trailing twelve-month volatility is calculated at 105%, reflecting the stock’s recent price movements.
