Bullish flow in Rigetti Computing (RGTI), with shares up 60c, or 2.78%, near $22.36. Options volume relatively light with 46k contracts traded and calls leading puts for a put/call ratio of 0.33, compared to a typical level near 0.71. Implied volatility (IV30) is higher by 2.3 points near 93.16,in the bottom quartile of the past year, suggesting an expected daily move of $1.31. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at B. Riley.
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