High-rolling investors have positioned themselves bullish on RTX RTX, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in RTX often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for RTX. This is not a typical pattern.
The sentiment among these major traders is split, with 50% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to $29,670, and 7 calls, totaling $405,246.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $70.0 to $95.0 for RTX during the past quarter.
Volume & Open Interest Development
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 $70.0 to $95.0 over the preceding 30 days.
RTX Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| RTX | CALL | SWEEP | BEARISH | 04/19/24 | $90.00 | $76.7K | 14.1K | 539 |
| RTX | CALL | TRADE | BEARISH | 08/16/24 | $85.00 | $59.3K | 2.7K | 400 |
| RTX | CALL | TRADE | BEARISH | 08/16/24 | $85.00 | $58.6K | 2.7K | 339 |
| RTX | CALL | TRADE | BEARISH | 08/16/24 | $85.00 | $55.9K | 2.7K | 204 |
| RTX | CALL | SWEEP | BULLISH | 01/17/25 | $95.00 | $54.5K | 2.4K | 8 |
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.
In light of the recent options history for RTX, it's now appropriate to focus on the company itself. We aim to explore its current performance.
RTX's Current Market Status
- With a volume of 2,189,473, the price of RTX is up 0.77% at $90.61.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 54 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 RTX, Benzinga Pro gives you real-time options trades alerts.
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