Notable Friday Option Activity: TDOC, RGTI, SNDK

Rigetti Computing (RGTI) and SanDisk (SNDK) are experiencing significant options trading activity, with total options volume for each reaching approximately 47.1% of their respective average daily share trading volumes. Notably, RGTI's $15.50 call option expiring September 2025 saw 36,406 contracts trade, while SNDK's $75 call option expiring October 2025 saw 4,035 contracts trade. This concentrated volume in specific longer-dated, out-of-the-money call options suggests notable bullish interest or speculative positioning in both names.

Analysis

Rigetti Computing (RGTI) and SanDisk (SNDK) are both experiencing unusually high options market activity, with total options volume for each representing approximately 47.1% of their respective average daily share trading volumes. In the case of RGTI, trading volume reached 189,676 contracts, with a notable concentration of 36,406 contracts in a single long-dated strike: the $15.50 call option expiring in September 2025. This activity points towards a significant, targeted speculative bet on substantial price appreciation over a multi-year horizon, rather than routine hedging. A similar pattern is reported for SanDisk, with 14,826 total contracts and a focus on the $75 call option for October 2025. However, the data concerning SanDisk (SNDK) is anomalous, as the company was acquired and delisted years ago, which raises questions about the data's source or accuracy. Nonetheless, the primary signal from the verifiable RGTI data indicates strong, specific bullish sentiment from at least one significant market participant.

Key Decisions for Investors

• The concentrated, long-dated call buying in Rigetti Computing (RGTI) is a strong bullish signal from the derivatives market that warrants further due diligence into potential catalysts that could drive the stock price toward the $15.50 strike price.
• Investors should anticipate heightened volatility in RGTI, as large, directional options trades can often precede significant price swings and attract further speculative capital.