Whales with a lot of money to spend have taken a noticeably bearish stance on RTX.
Looking at options history for RTX RTX we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 60% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $311,408 and 5, calls, for a total amount of $199,253.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $110.0 for RTX during the past quarter.
Analyzing Volume & Open Interest
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 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 trades within a strike price range from $100.0 to $110.0 in the last 30 days.
RTX 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RTX | PUT | SWEEP | BEARISH | 09/20/24 | $6.35 | $6.25 | $6.35 | $110.00 | $90.8K | 14 | 10 |
| RTX | PUT | SWEEP | BULLISH | 07/19/24 | $2.19 | $2.03 | $2.15 | $105.00 | $77.8K | 1.3K | 503 |
| RTX | PUT | SWEEP | BEARISH | 06/20/25 | $9.95 | $9.9 | $9.9 | $110.00 | $67.2K | 12 | 69 |
| RTX | CALL | TRADE | BULLISH | 05/31/24 | $4.05 | $4.05 | $4.05 | $102.00 | $50.6K | 1.1K | 315 |
| RTX | CALL | SWEEP | BEARISH | 05/31/24 | $4.25 | $4.1 | $4.15 | $102.00 | $50.2K | 1.1K | 561 |
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.
Having examined the options trading patterns of RTX, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
RTX's Current Market Status
- With a volume of 1,804,942, the price of RTX is up 0.23% at $105.98.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 74 days.
What Analysts Are Saying About RTX
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $108.8.
- Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for RTX, targeting a price of $119.
- Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for RTX, targeting a price of $100.
- An analyst from B of A Securities persists with their Neutral rating on RTX, maintaining a target price of $110.
- An analyst from Citigroup has decided to maintain their Neutral rating on RTX, which currently sits at a price target of $110.
- An analyst from UBS persists with their Neutral rating on RTX, maintaining a target price of $105.
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.
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