Rigetti Computing Inc (RGTI) investors are considering alternative strategies like selling puts, as the stock currently trades at $14.04/share. A notable option is the January 2027 put with a $7 strike, bidding at $1.29, offering an 18.4% return on the $7 commitment or a 12.6% annualized rate of return.
If the contract is exercised, the put seller would end up with shares at an effective cost basis of $5.71—50.1% below the current price. The trailing twelve-month volatility for Rigetti is calculated at 176%, which should be considered alongside fundamental analysis when evaluating this strategy.
On Friday, put volume among S&P 500 components reached 1.69 million contracts, with calls at 2.13 million, yielding a put:call ratio of 0.80 compared to the long-term median of 0.65, indicating increased put buying activity.
