Quantum Computing Stock Slides on Revenue Miss

Core Insights - Rigetti Computing Inc (NASDAQ:RGTI) experienced a decline of 4.6%, trading at $31.57 after reporting mixed third-quarter results [1] - The company reported adjusted losses of 3 cents per share, which were better than the anticipated losses of 5 cents per share, but revenue of $1.95 million fell short of estimates of $2.2 million [1] Stock Performance - Since reaching a record high of $58.15 on October 14, RGTI has seen a 45% decrease in its stock price [2] - Despite the recent decline, the stock has increased by 107.6% year to date [2] Options Activity - RGTI has seen significant options trading activity, with 30,000 puts and 24,000 calls exchanged [4] - The most popular option is the November 12 put, with new positions being opened at the weekly 11/14 31-strike put [4] - The stock's 50-day put/call volume ratio stands at 3.18, indicating a higher put bias compared to 95% of readings from the past year [4]