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Moderately bullish activity in Rigetti Computing with shares up 1.56%

Moderately bullish activity in Rigetti Computing (RGTI), with shares up 25c, or 1.56%, near $16.23. Options volume running well above average with 299k contracts traded and puts leading calls for a put/call ratio of 1.37, compared to a typical level near 0.56. Implied volatility (IV30) is higher by 2.1 points near 98.24,in the bottom quartile of the past year, suggesting an expected daily move of $1.00. Put-call skew flattened, suggesting a modestly bullish tone.The company will report earnings after the close today. Option markets are pricing in a 50% probability of a move greater than 15.8% or $2.56.

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