Market Whales and Their Recent Bets on RTX Options

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

And retail traders should know.

We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with RTX, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 9 options trades for RTX.

This isn't normal.

The overall sentiment of these big-money traders is split between 33% bullish and 66%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $36,905, and 8, calls, for a total amount of $278,379.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $90.0 to $110.0 for RTX during the past quarter.

Analyzing Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in RTX's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to RTX's substantial trades, within a strike price spectrum from $90.0 to $110.0 over the preceding 30 days.

RTX Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
RTX CALL TRADE BEARISH 05/17/24 $4.75 $4.6 $4.6 $95.00 $53.3K 8.9K 30
RTX CALL TRADE BULLISH 01/17/25 $4.8 $4.7 $4.77 $105.00 $47.6K 6.6K 111
RTX CALL SWEEP BEARISH 09/20/24 $4.65 $4.5 $4.5 $100.00 $38.2K 3.1K 88
RTX PUT SWEEP BEARISH 09/20/24 $6.05 $6.0 $6.05 $100.00 $36.9K 10 80
RTX CALL SWEEP BEARISH 01/17/25 $3.2 $3.1 $3.05 $110.00 $30.5K 3.4K 107

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

Present Market Standing of RTX

  • Trading volume stands at 1,563,744, with RTX's price up by 0.28%, positioned at $97.8.
  • RSI indicators show the stock to be may be overbought.
  • Earnings announcement expected in 22 days.

What Analysts Are Saying About RTX

3 market experts have recently issued ratings for this stock, with a consensus target price of $118.33333333333333.

  • An analyst from TD Cowen persists with their Outperform rating on RTX, maintaining a target price of $115.
  • Showing optimism, an analyst from Wells Fargo upgrades its rating to Overweight with a revised price target of $120.
  • An analyst from Wells Fargo has decided to maintain their Overweight rating on RTX, which currently sits at a price target of $120.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for RTX, Benzinga Pro gives you real-time options trades alerts.

Market News and Data brought to you by Benzinga APIs
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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