Rigetti Computing Inc. (NASDAQ: RGTI) is a major player in the quantum computing industry, developing full-stack quantum computing solutions, including superconducting quantum processors. Their work spans chip design, manufacturing, and cloud-based quantum computing services, positioning them as a key competitor in this rapidly evolving sector.

Stock Performance & Financial Overview

As of March 11, 2025, RGTI is trading at $8.01, up slightly from its previous close. The stock has shown intraday volatility, ranging between $7.58 and $8.33, with a high trading volume of around 42.9 million shares.

In its latest Q4 earnings report, Rigetti reported $2.27 million in revenue, falling short of analyst estimates of $2.5 million. Additionally, the company posted a net loss of $0.68 per share, which was significantly higher than the expected $0.06 loss per share.

Despite these short-term financial setbacks, Rigetti continues to attract interest from investors due to its strategic partnerships. Notably, Quanta Computer recently invested $35 million in the company, highlighting confidence in Rigetti’s technology and future prospects. Following this partnership announcement, Alliance Global Partners analyst Brian Kinstlinger reiterated a Buy rating on RGTI, raising its price target to $16 per share. This suggests that while Rigetti is currently operating at a loss, it has strong long-term growth potential within the quantum computing industry.

Weekly Options Strategies for Short-Term Traders

For traders looking to take advantage of short-term price movements in RGTI, the following weekly options strategies could be useful:

1. Covered Calls – Holding RGTI stock and selling out-of-the-money call options can generate premium income while allowing for potential stock appreciation. Given the stock’s volatility, this can be a way to profit while maintaining a long position.
2. Short Straddle – Selling both a call and a put option at the same strike price can be effective if RGTI’s stock remains relatively stable. However, this strategy carries high risk if the stock moves sharply in either direction.
3. Iron Condor – For traders expecting low volatility, this strategy involves selling a bull put spread and a bear call spread simultaneously, profiting from a narrow trading range.

Long-Term Investment & Options Strategies

For investors with a long-term perspective, these options strategies could be beneficial:

1. LEAPS (Long-Term Equity Anticipation Securities) – Buying long-term call options (expiring in a year or more) can allow investors to capitalize on Rigetti’s potential growth while limiting downside risk to the premium paid.
2. Married Puts – This strategy involves buying RGTI stock along with protective put options, creating a safety net against sharp price drops.
3. Diagonal Spreads – A hybrid strategy where investors buy a long-term call option while simultaneously selling a shorter-term call option at a different strike price. This allows them to generate income while holding a bullish long-term view.

Final Thoughts

Rigetti Computing is still in a speculative phase, with both risks and growth potential. The company’s continued innovation, strategic partnerships, and position in the quantum computing market could make it a promising long-term investment. However, given the stock’s volatility, both short-term traders and long-term investors should carefully assess their risk tolerance before entering positions.