Today's most notable options signals sit squarely in the quantum computing space. RGTI (Rigetti Computing) carries short interest at nearly 16% of free float. QBTS (D-Wave Quantum) is close behind at 15%. Both names carry active options chains running through July 2026.
The catalyst is clear. Trump's $1 billion quantum computing bet has put IBM in the spotlight. Analyst Dan Ives flagged IBM as a direct beneficiary. IBM has options expiries stretching to August 2026. Short interest on IBM sits at just 2.4% of free float — far less contested than the pure-play names.
RGTI and QBTS are harder to borrow. RGTI's availability stands at just 95% of short interest. QBTS availability is tighter still at 31.5%. That squeeze dynamic makes short-dated options attractive for directional bets.
TSLA drew fresh attention today on a recall of 14,575 Model Y vehicles. Tesla has the densest options expiry calendar of any name reviewed — near-daily expirations through May and June. Short interest is low at 2.75% of free float. The recall headline could drive elevated put volume on today's expiry.
NVDA rounds out the picture. With a $5.4 trillion market cap and SI at just 1.2%, the options market here is driven by calls. NVDA has expiries clustered heavily in June and July — likely tied to AI momentum trades.
The theme across all names: AI and quantum spending headlines are shifting sentiment fast. Watch short-dated options for confirmation.
This is not financial advice.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
