Hey all,
It's your favorite RGTI short story teller.
Below is the shortest short thesis I wrote on RGTI a week a go and made 10X on my puts.
[https://www.reddit.com/r/wallstreetbets/comments/1hsszsq/rgti\_management\_sold\_at\_2\_giving\_us\_the\_shortest/](https://www.reddit.com/r/wallstreetbets/comments/1hsszsq/rgti_management_sold_at_2_giving_us_the_shortest/)
Here is the main issue with RGTI - they are not issuing a release saying Jensen is full of it. Why is that?
All they need to do is answer these questions:
**1. How much of their revenue is grant money from DARPA** **or other governmental agencies?**
**2. How much of their grant money from DARPA or other governmental agencies has been "earned" and how much is a true grant which will be collected whether they complete milestones or not?**
**3. How much of their revenues are from quantum hardware that they themselves have produced and commercialized?**
[https://www.google.com/search?q=Rigetti+Computing+receives+a+DARPA+grant](https://www.google.com/search?q=Rigetti+Computing+receives+a+DARPA+grant)
I bet that we will not hear any of these answers from RGTI any time soon.
Disclosure: I own RGTI puts which I will add trim, or close out as I see fit.
EDIT: Fumbled today's puts and closed the call spread, so I only own the $7 for next week. Need a 30% drop to be ATM, but given the legal investigations and short sellers getting activated, next week might prove interesting. My position in the $7 puts is twice as large as was my $15 put position last week. I will trade more as I deem appropriate.
https://preview.redd.it/bg0wi14fa7ce1.png?width=739&format=png&auto=webp&s=711331ba789552ffd8fa2db4eaa06b1968756e1e
**EDIT: sold the 7 puts for this week at 1.44 which is about 6X. tomorrow the CEO is speaking so I did not want to risk the irrational market taking something out of context. If I were there these 3 would be my main questions, in addition to " "Why the hell did you sell stock at $2?" but I will not be there. more trades are coming shortly either this week or next.**
https://preview.redd.it/dotpdpukrtce1.png?width=733&format=png&auto=webp&s=d57c4d8fa17ca82035ab955a3ef8cbf8ac64e71f