Spotlight on RTX: Analyzing the Surge in Options Activity

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

Looking at options history for RTX RTX we detected 24 trades.

If we consider the specifics of each trade, it is accurate to state that 54% of the investors opened trades with bullish expectations and 45% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $299,756 and 17, calls, for a total amount of $1,204,781.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $120.0 for RTX over the recent three months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for RTX's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of RTX's whale activity within a strike price range from $50.0 to $120.0 in the last 30 days.

RTX Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
RTX CALL TRADE BULLISH 09/20/24 $1.86 $1.78 $1.88 $115.00 $492.5K 2.7K 2.6K
RTX PUT SWEEP BULLISH 04/26/24 $1.25 $1.17 $1.17 $98.00 $90.2K 335 3
RTX CALL SWEEP BULLISH 05/17/24 $4.0 $3.9 $4.0 $100.00 $88.4K 7.0K 757
RTX CALL TRADE BULLISH 05/17/24 $1.62 $1.55 $1.6 $105.00 $80.0K 5.1K 967
RTX CALL TRADE BEARISH 04/12/24 $3.0 $2.85 $2.9 $99.00 $58.0K 785 310

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.

RTX's Current Market Status

  • Currently trading with a volume of 10,212,165, the RTX's price is up by 2.4%, now at $101.69.
  • RSI readings suggest the stock is currently may be overbought.
  • Anticipated earnings release is in 18 days.

What The Experts Say On RTX

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

  • An analyst from TD Cowen has decided to maintain their Outperform rating on RTX, which currently sits at a price target of $115.
  • In a positive move, an analyst from Wells Fargo has upgraded their rating to Overweight and adjusted the price target to $120.
  • Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for RTX, targeting a price 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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