Equity Trade Update: $RGTI - Closing Option +55%
Taking a Quantum Leap
Another winner!
We posted our original idea on 23rd July with the stock trading at $15.62.
Today just hit target 2 of $18.14, up 16.1%!!!
We are closing out our options trade at 3.50 for a 55% return
Stay tuned for more trades…
***Original Post***
This trade idea targets continued upside momentum in Rigetti Computing ($RGTI), using a long call strategy to position for strength into mid-August with defined risk and unlimited upside potential.
📈 Trade Setup
Buy $RGTI $14.50 Call
Net debit (cost): approx. $2.25
Max profit: Unlimited above break-even
Max loss: $2.25 (premium paid)
Break-even: $16.75 (14.50 + 2.25)
Expiration: August 15th
Current reference price: $15.62
🎯 Target Levels
Target 1: $16.87
Target 2: $18.14
📊 Risk/Reward
Max Risk: Defined at $2.25 (100% of premium)
Reward Potential: Unlimited
Reward/Risk Profile: Break-even at $16.75; profits increase as RGTI moves higher, with exponential upside beyond Target 1