Deep-pocketed investors have adopted a bearish approach towards RTX RTX, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in RTX usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for RTX. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 15% leaning bullish and 84% bearish. Among these notable options, 4 are puts, totaling $224,940, and 9 are calls, amounting to $438,725.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $100.0 to $110.0 for RTX over the last 3 months.
Analyzing Volume & Open Interest
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 $100.0 to $110.0 in the last 30 days.
RTX Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RTX | PUT | TRADE | BULLISH | 01/17/25 | $10.35 | $10.3 | $10.3 | $110.00 | $76.2K | 42 | 171 |
| RTX | CALL | SWEEP | BEARISH | 09/20/24 | $6.45 | $6.3 | $6.3 | $100.00 | $68.0K | 3.7K | 108 |
| RTX | CALL | SWEEP | BULLISH | 09/20/24 | $6.45 | $6.35 | $6.45 | $100.00 | $63.8K | 3.7K | 211 |
| RTX | CALL | TRADE | BEARISH | 08/16/24 | $1.45 | $1.32 | $1.32 | $110.00 | $58.3K | 13.0K | 811 |
| RTX | PUT | SWEEP | BEARISH | 11/15/24 | $6.7 | $6.6 | $6.7 | $105.00 | $56.9K | 389 | 85 |
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.
Current Position of RTX
- Currently trading with a volume of 1,305,444, the RTX's price is up by 0.96%, now at $102.38.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 85 days.
What Analysts Are Saying About RTX
In the last month, 5 experts released ratings on this stock with an average target price of $110.0.
- An analyst from Baird persists with their Neutral rating on RTX, maintaining a target price of $105.
- An analyst from B of A Securities has decided to maintain their Neutral rating on RTX, which currently sits at a price target of $110.
- An analyst from UBS has decided to maintain their Neutral rating on RTX, which currently sits at a price target of $105.
- 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 Citigroup has decided to maintain their Neutral rating on RTX, which currently sits at a price target of $110.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
