movers image

Behind the Scenes of L3Harris Technologies's Latest Options Trends

Financial giants have made a conspicuous bullish move on L3Harris Technologies. Our analysis of options history for L3Harris Technologies (NYSE:LHX) revealed 8 unusual trades.

Delving into the details, we found 50% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $157,651, and 6 were calls, valued at $859,901.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $270.0 to $370.0 for L3Harris Technologies over the recent three months.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for L3Harris Technologies options trades today is 243.0 with a total volume of 1,105.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for L3Harris Technologies's big money trades within a strike price range of $270.0 to $370.0 over the last 30 days.

L3Harris Technologies Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
LHX CALL TRADE BEARISH 05/15/26 $17.7 $16.2 $16.2 $370.00 $486.0K 588 356
LHX CALL TRADE BULLISH 05/15/26 $87.0 $85.2 $87.0 $270.00 $182.7K 31 21
LHX PUT TRADE BULLISH 02/06/26 $4.8 $1.9 $3.0 $337.50 $90.0K 0 300
LHX PUT SWEEP BULLISH 01/15/27 $45.8 $45.1 $45.1 $370.00 $67.6K 0 326
LHX CALL TRADE NEUTRAL 05/15/26 $53.9 $50.4 $52.0 $310.00 $52.0K 682 10

About L3Harris Technologies

In addition to its legacy software-defined radio franchise, L3Harris Technologies has through a series of acquisitions established franchises producing uncrewed aerial vehicles, sensors, avionics, space-based systems, missiles, and solid rocket motors. It also adapts civilian aircraft for military use and provides military and commercial training services, and maintains the US Federal Aviation Administration's communications infrastructure.

After a thorough review of the options trading surrounding L3Harris Technologies, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Where Is L3Harris Technologies Standing Right Now?

  • Currently trading with a volume of 720,444, the LHX's price is down by -0.47%, now at $353.07.
  • RSI readings suggest the stock is currently may be overbought.
  • Anticipated earnings release is in 3 days.

Expert Opinions on L3Harris Technologies

In the last month, 3 experts released ratings on this stock with an average target price of $366.0.

  • Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on L3Harris Technologies with a target price of $389.
  • Maintaining their stance, an analyst from UBS continues to hold a Neutral rating for L3Harris Technologies, targeting a price of $349.
  • An analyst from RBC Capital has decided to maintain their Sector Perform rating on L3Harris Technologies, which currently sits at a price target of $360.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements.

Market News and Data brought to you by Benzinga APIs

Comments
Loading...