Check Out What Whales Are Doing With RTX

Check Out What Whales Are Doing With RTX

Someone with a lot of money to spend has taken a bullish stance on Raytheon Technologies RTX.

And retail traders should know.

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

Whether this is an institution or just a wealthy individual, 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 10 options trades for Raytheon Technologies.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.

Out of all of the options we uncovered, 9 are puts, for a total amount of $437,173, and there was 1 call, for a total amount of $61,686.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $89.0 to $90.0 for Raytheon Technologies over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Raytheon Technologies'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 Raytheon Technologies's whale trades within a strike price range from $89.0 to $90.0 in the last 30 days.

Raytheon Technologies 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 PUT TRADE BULLISH 09/09/22 $90.00 $78.7K 1.6K 61
RTX PUT TRADE NEUTRAL 09/09/22 $90.00 $71.7K 1.6K 1.4K
RTX CALL SWEEP BULLISH 11/18/22 $90.00 $61.6K 428 416
RTX PUT TRADE BEARISH 09/09/22 $90.00 $55.3K 1.6K 793
RTX PUT TRADE BULLISH 09/09/22 $90.00 $54.9K 1.6K 651

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
RTX PUT TRADE BULLISH 09/09/22 $90.00 $78.7K 1.6K 61
RTX PUT TRADE NEUTRAL 09/09/22 $90.00 $71.7K 1.6K 1.4K
RTX CALL SWEEP BULLISH 11/18/22 $90.00 $61.6K 428 416
RTX PUT TRADE BEARISH 09/09/22 $90.00 $55.3K 1.6K 793
RTX PUT TRADE BULLISH 09/09/22 $90.00 $54.9K 1.6K 651

Where Is Raytheon Technologies Standing Right Now?

  • With a volume of 2,945,924, the price of RTX is down -0.38% at $86.83.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 48 days.

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 Raytheon Technologies, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets