What the Options Market Tells Us About RTX

Whales with a lot of money to spend have taken a noticeably bearish stance on RTX.

Looking at options history for RTX RTX we detected 16 trades.

If we consider the specifics of each trade, it is accurate to state that 31% of the investors opened trades with bullish expectations and 68% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $492,371 and 10, calls, for a total amount of $1,726,119.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $70.0 to $120.0 for RTX over the recent three months.

Volume & Open Interest Development

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for RTX's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across RTX's significant trades, within a strike price range of $70.0 to $120.0, over the past month.

RTX Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
RTX CALL TRADE BEARISH 08/16/24 $95.00 $1.0M 1.4K 72
RTX CALL TRADE BEARISH 01/17/25 $90.00 $281.4K 9.6K 311
RTX PUT SWEEP BEARISH 05/17/24 $95.00 $267.0K 1.0K 0
RTX CALL SWEEP BEARISH 06/21/24 $90.00 $102.9K 8.0K 24
RTX CALL SWEEP BULLISH 05/17/24 $75.00 $99.2K 528 57

About RTX

RTX is a diversified aerospace and defense industrial company formed from the merger of United Technologies and Raytheon, with roughly equal exposure as a supplier to commercial aerospace manufacturers and to the defense market. The company operates in three segments: Collins Aerospace, a diversified aerospace supplier; Pratt & Whitney, an aircraft engine manufacturer; and Raytheon, a defense prime contractor providing a mix of missiles, missile defense systems, sensors, hardware, and communications technology to the military.

Having examined the options trading patterns of RTX, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

RTX's Current Market Status

  • Currently trading with a volume of 3,680,487, the RTX's price is up by 1.15%, now at $91.6.
  • RSI readings suggest the stock is currently may be approaching overbought.
  • Anticipated earnings release is in 40 days.

What Analysts Are Saying About RTX

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $120.0.

  • In a positive move, an analyst from Wells Fargo has upgraded their rating to Overweight and adjusted the price target to $120.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for RTX with Benzinga Pro for real-time alerts.

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Posted In: OptionsMarketsBZI-UOA
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