RGTI saw more than 3.1 million options exchanged over the last two weeks
The quantum computing sector is one to watch in 2025, and one name stands out as a clear-cut favorite to begin the year. Rigetti Computing Inc (NASDAQ:RGTI) just earned a spot on Schaeffer's Quantitative Analyst Rocky White's list of stocks that drew the most options volume over the last 10 trading days.
Per White's data, RGTI saw 2,151,362 calls and 1,034,859 puts traded during the last two weeks. During that period, the most active contract was the 1/3 20-strike call, followed closely by the 19-strike call in the same weekly series.
Rigetti Computing stock has been on a tear, too, marked by a series of higher highs on the charts that today culminated in a record peak of $21.42. The security sports a massive 2,329% lead over the last three months. At last check, however, RGTI was seen 1.4% lower at $18.76.
A short squeeze could keep wind at the equity's back. Short interest is up 38.9% over the last month, and the 36.31 million shares sold short account for 15.1% of RGTI's total available float.