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Option traders moderately bearish in Rigetti Computing with shares down 5.38%

Option traders moderately bearish in Rigetti Computing (RGTI), with shares down 78c near $13.63. Options volume roughly in line with average with 33k contracts traded and calls leading puts for a put/call ratio of 0.67, compared to a typical level near 0.67. Implied volatility (IV30) is higher by 0.2 points near 87.38,in the bottom quartile of the past year, suggesting an expected daily move of $0.75. Put-call skew steepened, indicating increased demand for downside protection.

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