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Rigetti Computing call volume above normal and directionally bullish

Bullish option flow detected in Rigetti Computing (RGTI) with 65,294 calls trading, 3x expected, and implied vol increasing over 6 points to 110.04%. 5/23 weekly 13 calls and 5/23 weekly 12 calls are the most active options, with total volume in those strikes near 22,200 contracts. The Put/Call Ratio is 0.20. Earnings are expected on August 7th.

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