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 11 options trades for RTX.
This isn't normal.
The overall sentiment of these big-money traders is split between 27% bullish and 72%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $35,559, and 10, calls, for a total amount of $297,496.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $75.0 to $90.0 for RTX during the past quarter.
Volume & Open Interest Development
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 $75.0 to $90.0 in the last 30 days.
RTX Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| RTX | CALL | SWEEP | BEARISH | 09/20/24 | $85.00 | $51.9K | 541 | 77 |
| RTX | PUT | SWEEP | BULLISH | 06/21/24 | $75.00 | $35.5K | 4.1K | 511 |
| RTX | CALL | TRADE | BEARISH | 02/23/24 | $80.00 | $29.2K | 80 | 41 |
| RTX | CALL | SWEEP | BEARISH | 04/19/24 | $85.00 | $28.7K | 2.7K | 297 |
| RTX | CALL | TRADE | BULLISH | 02/23/24 | $80.00 | $28.6K | 80 | 41 |
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
- With a volume of 3,807,599, the price of RTX is down -0.53% at $85.05.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 6 days.
Expert Opinions on RTX
1 market experts have recently issued ratings for this stock, with a consensus target price of $94.0.
- In a cautious move, an analyst from Baird downgraded its rating to Neutral, setting a price target of $94.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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