Benzinga's options scanner just detected over 19 options trades for RTX RTX summing a total amount of $1,099,472.
At the same time, our algo caught 3 for a total amount of 121,363.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $90.0 and $105.0 for RTX, spanning the last three months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for RTX's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across RTX's significant trades, within a strike price range of $90.0 to $105.0, over the past month.
RTX Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RTX | CALL | SWEEP | BULLISH | 07/19/24 | $2.81 | $2.8 | $2.8 | $105.00 | $174.1K | 15.2K | 2.7K |
| RTX | CALL | SWEEP | BULLISH | 07/19/24 | $2.8 | $2.79 | $2.8 | $105.00 | $115.3K | 15.2K | 1.8K |
| RTX | CALL | SWEEP | BULLISH | 07/19/24 | $2.82 | $2.79 | $2.8 | $105.00 | $108.0K | 15.2K | 1.8K |
| RTX | CALL | SWEEP | BULLISH | 07/19/24 | $2.8 | $2.76 | $2.8 | $105.00 | $92.7K | 15.2K | 4.7K |
| RTX | CALL | SWEEP | BULLISH | 07/19/24 | $2.81 | $2.72 | $2.81 | $105.00 | $73.5K | 15.2K | 4.0K |
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
- Currently trading with a volume of 2,246,686, the RTX's price is up by 0.49%, now at $102.06.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 1 days.
Professional Analyst Ratings for RTX
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $112.5.
- An analyst from Wells Fargo has decided to maintain their Overweight rating on RTX, which currently sits at a price target of $120.
- An analyst from Baird has decided to maintain their Neutral rating on RTX, which currently sits at a price target of $105.
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. Stay informed about the latest RTX options trades with real-time alerts from Benzinga Pro.
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