Even a 5%+ yield on the 30-year can't keep these quantum stocks down....RGTI up 25%+. Looks like this Barron's story was the catalyst: https://t.co/gNnAC0e3QR
$RGTI monster 👿 orderflow winner . AFAIK I was only bull 🐂 when it was trading 7-8 dollar now it’s 14!!
$RGTI still up 25% and seeing midday buyers of 6000 September $16 calls at $2.64 offers... yeesh
Shares of RGTI have surged more than 25%, doubling from a trading range of $7-$8 to around $14. The increase has been accompanied by heavy call option activity, particularly for September $16 calls, with midday buyers purchasing around 6,000 contracts at $2.64. Market participants attribute the rally to a recent Barron's story, which appears to have acted as a catalyst. Despite a 5%+ yield on the 30-year Treasury bond, which typically pressures high-growth 'quantum' stocks, RGTI's stock price and option volume have seen notable strength.
